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Mobile marketing platform CleverTap raises $35 million led by Sequoia, now valued at $385 million

R Sinduja

News Editor

Mobile marketing platform CleverTap said a fundraise of $35 million led by investors Tiger Global Management and Sequoia India, will be deployed to have an engineering hub in the US. Now, the company is valued at $385 million and said that it has been growing at a rate of 250% every year since 2015. It claimed it generated over $2 billion in incremental revenue to its customers & currently reaches over 1 billion devices.