CleverTap

CleverTap

Customer engagement and data analytics platform

About

CleverTap provides a customer engagement platform that helps businesses analyze and segment customer data to enhance their marketing strategies and personalize customer experiences. The platform collects and processes customer data, allowing businesses to categorize their customers based on various criteria. This enables real-time experimentation with different marketing strategies and optimization of operations based on the outcomes. Additionally, CleverTap offers tools for campaign orchestration, which help create consistent and engaging customer journeys across multiple channels. Its AI features provide businesses with valuable insights and recommendations for making informed decisions. Unlike many competitors, CleverTap focuses on a subscription-based model, catering to a diverse range of industries such as e-commerce, gaming, and financial services. The goal of CleverTap is to assist businesses in building customer loyalty and maximizing the lifetime value of their customers.

Company Stage

Series D

Employees

501-1,000

Industries

Data & Analytics, Consumer Software, Financial Services, Gaming

Total Funding

$170.8M

Headquarters

N/A

Founded

2013


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Simplify's Take

What believers are saying

  • CleverTap's partnerships with companies like Fonos and Kitabisa demonstrate its ability to significantly boost user engagement and transaction rates.
  • The launch of Clever.AI positions CleverTap at the forefront of AI-driven customer engagement, promising substantial improvements in conversion rates and operational efficiency.
  • CleverTap's diverse client base across e-commerce, financial services, and gaming sectors provides ample opportunities for cross-industry innovation and growth.

What critics are saying

  • The competitive landscape of customer engagement platforms is crowded, requiring CleverTap to continuously innovate to maintain its edge.
  • Dependence on subscription fees means that economic downturns or budget cuts in client companies could impact revenue.

What makes CleverTap unique

  • CleverTap's platform uniquely combines data analytics, AI-driven insights, and campaign orchestration to offer a comprehensive customer engagement solution.
  • The company's focus on real-time strategy optimization and personalized customer experiences sets it apart from competitors who may not offer such dynamic capabilities.
  • CleverTap's subscription-based model ensures a steady revenue stream, allowing for continuous platform enhancements and superior customer support.

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Growth & Insights
Headcount

6 month growth

-1%

1 year growth

2%

2 year growth

25%

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