Mumbai, April 14 -- US-based customer engagement platform MoEngage is in talks to raise $150-180 million from new and existing investors and has appointed Avendus to help with the mandate, two people familiar with the matter told Mint.

"The round, which will value the company at $800-850 million, is a mix of primary and secondary transactions," one of two people cited above said.

MoEngage and Avendus did not immediately respond to Mint's requests for a comment.

In 2022, the company raised $77 million in a Series E funding round led by Goldman Sachs Asset Management and B Capital at a valuation of $700 million, as per data from market intelligence provider Tracxn.

Other existing investors including Steadview Capital, Multiples Alternat...