Predict your next investment

Asset/Investment Management
FINANCE | Lending
iiflamc.com

See what CB Insights has to offer

Investments

29

Portfolio Exits

1

Funds

10

About IIFL AMC

IIFL Asset Management is an India-focused, global asset management firm. IIFL Asset Management offers capabilities in onshore and offshore asset management through the subsidiaries based in Singapore, India and Mauritius.

IIFL AMC Headquarter Location

Mumbai,

India

Predict your next investment

The CB Insights tech market intelligence platform analyzes millions of data points on venture capital, startups, patents , partnerships and news mentions to help you see tomorrow's opportunities, today.

IIFL AMC Web Traffic

Rank
Page Views per User (PVPU)
Page Views per Million (PVPM)
Reach per Million (RPM)
CBI Logo

IIFL AMC Rank

Latest IIFL AMC News

CleverTap valuation doubles after $105M Series D round led by CDPQ

Aug 10, 2022

, Updated on:{{localeString}} {{timeZoneNameShort}} Customer engagement SaaS platform CleverTap has raised $105 million in a Series D round led by CDPQ, with participation from IIFL AMC's Tech Fund and returning investors. 0 CLAPS 0 Mountainview, California-headquartered customer lifecycle management and mobile marketing company CleverTap has announced that it has raised $105 million in a Series D round of funding led by Canadian investment group CDPQ, which committed $75 million as part of the round. The round also saw participation from IIFL AMC’s Tech Fund and returning investors Tiger Global and Sequoia India. With the funding, CDPQ will be joining CleverTap’s board. The company was valued at $775 million as part of the round, nearly double its valuation of $385 million in i ts Series C round announced in October 2019. CleverTap will utilise the capital raised in the current round for global expansion and to enhance product development and technology. Get connected to CleverTap Founded in Mumbai in 2013 by former Network 18 executives, Sunil Thomas, Suresh Kondamudi, and Anand Jain, CleverTap offers its customer engagement and retention platform as a Software-as-a-Solution (SaaS) model to over 1,200 brands in 100 countries, across fintech, ecommerce, subscription, on-demand and streaming media companies. The B2B SaaS platform works with brands like Gojek, ShopX, Canon, AirAsia, among others. “The fresh funds will help fuel our plans to further strengthen our presence in key geographies and expand our teams. The last few months have been quite exciting for us with the Leanplum acquisition and unveiling of TesseractDB. And now, with the new institutional investors coming on board, we have all that we need to grow at a faster rate while consolidating our position as the global leader in the retention space,” said Sunil Thomas, Co-founder and Executive Chairman of CleverTap, in a statement issued by the company. Get connected to CleverTap Apart from market consolidation with the acquisition of LeanPlum, CleverTap also acquired in-app communication company Patch , in November, 2021. According to an internal blog published by CleverTap in May, 2022, the company claims to have clocked $45 million ARR (Annual Recurring Revenue). CleverTap also announced the appointment of Sidharth Malik as its global CEO in November, 2021. He was previously the Chief Revenue Officer at Freshworks. A report by venture capital fund Bessemer Venture Partners says Indian SaaS companies raised nearly $4.8 billion in equity investments in 2021. The report also said Indian SaaS companies would generate nearly $50 billion ARR by 2030.

IIFL AMC Investments

29 Investments

IIFL AMC has made 29 investments. Their latest investment was in CleverTap as part of their Series D on August 8, 2022.

CBI Logo

IIFL AMC Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

8/9/2022

Series D

CleverTap

$105M

Yes

1

7/6/2022

Seed VC

Finvu AA

$2.5M

Yes

3

4/21/2022

Series C

Believe

$55M

Yes

4

4/8/2022

Seed

Subscribe to see more

Subscribe to see more

10

3/28/2022

Unattributed

Subscribe to see more

$99M

Subscribe to see more

10

Date

8/9/2022

7/6/2022

4/21/2022

4/8/2022

3/28/2022

Round

Series D

Seed VC

Series C

Seed

Unattributed

Company

CleverTap

Finvu AA

Believe

Subscribe to see more

Subscribe to see more

Amount

$105M

$2.5M

$55M

$99M

New?

Yes

Yes

Yes

Subscribe to see more

Subscribe to see more

Co-Investors

Sources

1

3

4

10

10

IIFL AMC Portfolio Exits

1 Portfolio Exit

IIFL AMC has 1 portfolio exit. Their latest portfolio exit was Pickrr Technologies on June 15, 2022.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

6/15/2022

Corporate Majority

$99M

9

Date

6/15/2022

Exit

Corporate Majority

Companies

Valuation

$99M

Acquirer

Sources

9

IIFL AMC Fund History

10 Fund Histories

IIFL AMC has 10 funds, including IIFL Special Opportunities Fund II.

Closing Date

Fund

Fund Type

Status

Amount

Sources

7/18/2017

IIFL Special Opportunities Fund II

Expansions & Growth

Open

$216.68M

1

11/23/2015

IIFL Seed Ventures Fund I

Fund Of Funds

Closed

1

1/25/2012

IIFL Real Estate Fund (Domestic) Series I

REAL Estate

Closed

$93.82M

1

IIFL Private Equity Fund

Subscribe to see more

Subscribe to see more

10

IIFL India Private Equity Fund

Subscribe to see more

Subscribe to see more

10

Closing Date

7/18/2017

11/23/2015

1/25/2012

Fund

IIFL Special Opportunities Fund II

IIFL Seed Ventures Fund I

IIFL Real Estate Fund (Domestic) Series I

IIFL Private Equity Fund

IIFL India Private Equity Fund

Fund Type

Expansions & Growth

Fund Of Funds

REAL Estate

Subscribe to see more

Subscribe to see more

Status

Open

Closed

Closed

Subscribe to see more

Subscribe to see more

Amount

$216.68M

$93.82M

Sources

1

1

1

10

10

IIFL AMC Team

4 Team Members

IIFL AMC has 4 team members, including current Chief Executive Officer, Chief Information Officer, Anup Maheshwari.

Name

Work History

Title

Status

Anup Maheshwari

Chief Executive Officer, Chief Information Officer

Current

Ritesh Jain

Morgan Stanley Investment Management

President, Chief Information Officer

Current

Parijat Garg CFA

Tower Research Capital, and Bell Laboratories

Senior Vice President

Current

Prashasta Seth

Chief Executive Officer

Former

Name

Anup Maheshwari

Ritesh Jain

Parijat Garg CFA

Prashasta Seth

Work History

Morgan Stanley Investment Management

Tower Research Capital, and Bell Laboratories

Title

Chief Executive Officer, Chief Information Officer

President, Chief Information Officer

Senior Vice President

Chief Executive Officer

Status

Current

Current

Current

Former

Discover the right solution for your team

The CB Insights tech market intelligence platform analyzes millions of data points on vendors, products, partnerships, and patents to help your team find their next technology solution.

Request a demo

CBI websites generally use certain cookies to enable better interactions with our sites and services. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. You can read more about your cookie choices at our privacy policy here. By continuing to use this site you are consenting to these choices.