Mumbai, June 30 -- Eight Roads Ventures has sold its stakes in software-as-a-service (Saas) platforms MoEngage and Whatfix as well as logistics firm Shadowfax to TR Capital in a $50-million secondary transaction, the companies said in a statement on Monday. Eight Roads first invested in Shadowfax in 2015, Moengage in 2020 and Whatfix in 2019.

MoEngage is a customer engagement platform designed for marketers and product owners to engage, retain and acquire customers across digital touchpoints, while Whatfix provides in-app guidance, training and analytics to help users navigate underlying enterprise software. Shadowfax is a last-mile logistics player that operates in more than 2,500 cities and towns and delivers more than two million ship...