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CleverTap

CleverTap

Customer engagement and data analytics platform

About

CleverTap is a customer engagement platform that helps businesses analyze customer data and personalize experiences. It works by segmenting customers based on various factors, allowing real-time strategy optimization and tailored interactions. The platform also includes campaign orchestration tools for creating consistent customer journeys across multiple channels. Unlike competitors, CleverTap operates on a subscription model and aims to build customer loyalty while maximizing lifetime value.

Company Stage

Series D

Employees

501-1,000

Industries

Data & Analytics, Consumer Software, Fintech

Total Funding

$259.6M

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

18%

2 year growth

29%

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