MoEngage I Aquisition project
MoEngage helps companies crack the code of customer engagement. Our AI-powered platform analyzes user behaviour, predicts churn, and delivers personalized experiences across 10+ digital touchpoints. We've helped 1200+ brands boost engagement and conversion by 30%.
MoEngage is a customer engagement platform that helps brands interact with their users/customers across various channels in a personalized and data-driven manner. The core of MoEngage provides insights to companies(MoEngage's customer) about their customers' behaviour, preferences, and interactions with their app and website. By leveraging these insights, companies can create targeted and personalized communication strategies across multiple channels such as mobile push notifications, email, SMS, in-app messaging, web push, and more.
The product is designed to help companies improve customer retention, increase customer lifetime value, and drive business growth by delivering relevant and timely messages to their users.
Problem Being Solved: Businesses often struggle to deliver personalized, timely, and relevant messages that resonate with their customers due to data silos, lack of actionable insights, complexity in segmentation, and to deliver real-time communication. This leads businesses to have high churn(both user and revenue), broken onboarding communications, lower conversions, and difficulties to grow revenue.
Businesses/Brands have difficulty in engaging with their users/customers, Inability to quickly deploy campaigns or personalize campaign messaging and data integrations with disparate point solutions required substantial resources from tech teams to accomplish.
MoEngage solves this struggles for 1200+ companies and thousands of marketers, CRM Managers and growth managers around the world.
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Key Features of MoEngage:
1. Analytics and Insights: Businesses can track the performance of their campaigns, analyze user behaviour, and gain insights into what strategies are working. This data-driven approach helps in optimizing future campaigns. The platform uses machine learning algorithms to deliver personalized recommendations to users
2. Customer Segmentation: MoEngage allows businesses to segment their users based on various attributes, behaviours, and interactions. This enables more precise targeting and personalization of messages.
3. Omni-Channel Engagement: The platform supports engagement across multiple channels, ensuring that users receive consistent and contextual messages wherever they interact with the brand.
4. Personalization: MoEngage provides tools to personalize content and recommendations based on user data, improving the relevance of messages and driving higher engagement through A/B testing of campaigns.
5. User Journey Mapping and Automation: The platform allows companies to map out user journeys and design engagement strategies that guide users through these journeys, improving retention and conversion rates and allowing businesses to create automation for sending messages based on user actions on the mobile app or website.
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Insights-led customer engagement platform that connects customer data, gives actionable insights to campaign managers and enables personlised crm campaigns to improve retention and monitization for companies/brand.
The platform enables brands to leverage channels of customer engagement and improve retention and business results.
The ease of use simplifies campaign creation for marketers to go live with campaign in a day instead of several weeks. After the campaigns go-live, reports can be analysed on the MoEngage dashboard to take actions.
The decision-makers are typically C-level executives like CMOs, VP Growth, VP Marketing, Head Of Ecommerce, Head of Digital, VP Product, CPO, Chief Digotal Officer, CEOs in mid-market companies or even founders in startups. They're the ones signing off on the investment.
Key Users of the platform are CRM Mangers, Retention Specialists, Campaign Managers, Customer Lifecycle Managers, Growth Marketer, and Customer Engagment Specialists. Influencers are often the hands-on folks like marketing managers, product managers, growth leads. and CRM Managers. They're the ones who'll be using MoEngage day-to-day and can really push for its adoption.
Blockers might be IT teams worried about integration complexities, or finance folks concerned about the budget. Security teams and sometimes existing martech stacks or competitors are blockers already entrenched in the company.
βB2B Segment
Criteria | ICP1 | ICP2 | ICP3 |
---|---|---|---|
Name | Digital Native | Digital Migrator | Startups |
Company Size | 400+ employees | 2000-60,000+ employees | 40 to 400 Employees |
Location | Global, but often HQ'd in tech hubs | Global, often with multiple regional offices | Tech hubs globally (Silicon Valley, New York, London, Berlin, Bangalore) |
Funding Raised | Series C or beyond, $50M-$500M+ | usually public companies | Seed to Series B, $5M-$30M |
Industry Domain | Lifestyle Subscription apps, E-commerce, FinTech, Gaming apps | Retail, Banking, Insurance, Healthcare | Any tech-enabled sector |
Stage of the company | Rapid growth or scaling | Established, undergoing digital transformation | Product-market fit achieved, focusing on early scaling |
Organization Structure | Mostly Flat, agile teams | Hierarchical, moving towards more agile models | Very flat, often with cross-functional teams |
Decision Maker | CMO or VP Growth | CDO, CIO, or CMO, Head of Digital Transformation | Founders, Marketing Lead |
Decision Blocker | CFO (budget concerns), IT (integration complexities) | Legacy IT systems, regulatory compliance, InfoSec | Limited budget, focus on core product development, limited bandwidth to integrate SDK |
Frequency of use case | Daily | Weekly, ramping up to daily | Daily |
Products used in workplace | Slack, G Suite, Jira, Mixpanel, Amplititude, Appsflyer | Microsoft Office, SAP, Salesforce, Appsflyer, Adjust | G Suite, Trello, Asana, Notion, AppsFlyer |
Investment Objectives | Manage customer engagement efforts across multiple channels. Accelerate creation and refinement of engagement campaigns. | Leverage performance intelligence for continuous improvement of campaign performance. Enable data integrations with other solutions used at their organization. | AB Testing onboarding flows, personalized messaging, automation, and analytics. Manage customer engagement efforts across 2 channels. |
Organisational Goals | Scale user base, improve retention, increase LTV | Digital adoption, competing with tech-first companies | Proving unit economics, preparing for next funding round |
Contract Time / Customer Retention | 2 to 5 years. Can be longer depending on relationship in the org and the product innovation. | 3 to 7 years. | 1 years, usually renewed for 1 more year. Risks are that startup runs out of funding or are not able to raise next rounds. |
Preferred Outreach Channels | LinkedIn, tech conferences, email | Industry events, direct outreach, webinars | Linkedin, email, startup events, peer recommendations |
Conversion Time | 2-5 months | 6 to 15 months | 1-3 months |
GMV/ARR for MoEngage | $50K to $400K | $300K to $2.5M+ | $15K to $50K |
Growth of company | 25-40%+ year-over-year | 5-20% year-over-year overall, digital arm growing faster | Often 50-100%+ year-over-year |
Motivation | User Retention improvements, Conversions, Staying ahead of competition | Modernization, fear of disruption | Rapid growth, establishing market position |
Organization Influence | High, often seen as industry leaders | Strong in traditional sectors, building in digital | Disruptors in their niche |
Tools Utilized in workspace | Mixpanel, Amplitude, Segment, AWS, Google BQ, Gupshup | Adobe Marketing Cloud, Salesforce Sales Cloud | Mixpanel, Mailchimp, Intercom |
Decision Time | 1-3 months | 3-6 months | 2-4 weeks |
Category of classification | Mid-Market/Enterprise | Enterprise/Lighthouse | Startup |
β ICP prioritization table
Criteria | Startups | Digital Native | Digital Migrator |
---|---|---|---|
Adoption Curve | High | High | Low |
Appetite to Pay | Low | High | High |
Frequency of Use Case | High | High | Medium |
Distribution Potential | High | High | Low |
TAM | Medium | High | High |
Speed of Integration | High | Medium | Low |
β
Competitor Analysis
Factors | Braze | CleverTap | Klavio | Salesforce Marketing Cloud |
---|---|---|---|---|
What is the core problem being solved by them? | Braze aims to solve the challenge of creating and maintaining meaningful customer relationships at scale across multiple channels. | CleverTap addresses the challenge of retaining mobile app users and increasing their lifetime value through personalized engagement. | Klaviyo focuses on helping e-commerce businesses grow by creating personalized marketing experiences, particularly through email and SMS. | Salesforce Marketing Cloud aims to provide a comprehensive suite of digital marketing tools that integrate seamlessly with Salesforce's CRM and other cloud offerings. |
What are the products/features/services being offered? |
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Who are the users? | Marketing teams, product managers, and customer experience professionals in mid-market to enterprise companies. | Mobile app developers, marketers, and product managers, particularly in mobile-first companies. | E-commerce marketers, particularly in small to medium-sized businesses. | Enterprise-level marketers across various industries. |
GTM Strategy | Focused on enterprise clients, emphasizing their ability to handle large-scale, complex customer engagement scenarios. | Focus on mobile-first businesses and apps, with a strong presence in emerging markets. | Strong focus on the e-commerce sector, with deep integrations into popular e-commerce platforms. | Leverages Salesforce's strong presence in the CRM market to cross-sell Marketing Cloud. |
What channels do they use? | Direct sales, partnerships with agencies and technology partners, content marketing, and industry events. | Direct sales, partnerships with mobile app development agencies, content marketing, and mobile industry events. | Partnerships with e-commerce platforms, content marketing, affiliate programs, and e-commerce industry events. | Direct enterprise sales, partner ecosystem, Salesforce events (like Dreamforce), and extensive content marketing. |
What pricing model do they operate on? | Tiered pricing based on the number of monthly active users and features required. Custom enterprise pricing. | Based on the number of monthly active users, with different tiers for startups, growth-stage, and enterprise companies. | Tiered pricing based on the number of contacts and email sends, with a free tier for very small businesses. | Complex pricing structure with different editions and add-ons. Generally considered a premium-priced solution. |
How have they raised funding? | Went public in 2021. Previously raised $175 million in venture capital. Current Market Cap $5.2 Billion. | Raised over $140 million in venture capital funding. | Raised $320 million in funding, with a valuation of over $9 billion as of 2021. | Part of Salesforce, a public company. Market Leader. $200B valuation |
Brand Positioning | Positions itself as a comprehensive customer engagement platform for the world's most innovative and customer-centric brands. | Positions itself as the all-in-one platform for mobile app engagement and retention. | Positions itself as the ultimate email and SMS marketing platform for e-commerce businesses. | Positions itself as the most comprehensive and integrated marketing solution for enterprises. |
UX Evaluation | Known for a user-friendly interface with drag-and-drop campaign builders and intuitive analytics dashboards. | Praised for its intuitive interface and easy-to-understand analytics dashboards. | Known for its user-friendly interface and pre-built automation flows tailored for e-commerce. | Can be complex due to its extensive feature set, but offers powerful capabilities for those who invest in learning the platform. |
What is your productβs Right to Win? | Strong focus on mobile capabilities, customer support, data analytics capabilities and regional support in APAC. | Strong focus on mobile app engagement, push notifications, and deep expertise in emerging markets. | Beyond e-commerce, where the need is more on other channels like WhatsApp, inApp Messaging and App Inbox | ease of use, pricing, lower dependency on external tech stack, mobile capabilities, extensive feature set. |
What can you learn from them? | Emphasis on thought leadership content and building a strong community around the product. | Successful expansion into emerging markets and focus on mobile-specific challenges. | Success in focusing on a specific vertical (e-commerce) and building deep integrations. | Success in creating a comprehensive ecosystem of business solutions beyond just marketing. |
Key trends and factors affecting its growth:
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Overall, the market for customer engagement platforms like MoEngage appears to have strong growth potential, driven by digital transformation trends and the increasing focus on customer experience. However, companies in this space will need to navigate challenges related to data privacy, market competition, and economic uncertainties.
TAM = 1,500,000 x $50,000 = $75 billion
SAM = $75 billion x 20% = $15 billion
SOM = $15 billion x 3% = $450 million
These figures suggest significant growth potential for MoEngage, as their current customer base of 1200+ likely represents less than $100 million in annual recurring revenue, assuming the $50,000 ARPU.
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Mature Scaling
Channel Name | Cost | Flexibility | Effort | Speed | Scale | Budget |
---|---|---|---|---|---|---|
Organic | Low | Low | High | Low | Medium | Low |
Paid Ads | High | High | Medium | High | High | High |
Partner Program | Medium | Medium | High | Medium | High | Medium |
Product Integration | Low | Medium | High | Low | High | Low |
Content Loops | Low | Medium | High | Low | Medium | Low |
Founders Brand | Low | Low | Low | High | Low | Low |
β
MoEngage Organic Channel Strategy Analysis
I've conducted keyword research across various platforms. Here are the key findings:
Google:
- High-volume keywords: "customer engagement platform", "marketing automation", "personalization software", "email marketing tool", "mobile marketing retention software"
- Long-tail keywords: "how to improve customer retention", "best practices for push notifications"
LinkedIn: "Customer Engagement Strategy", "Digital Marketing Automation" "CRM",
YouTube: Popular video topics: "Customer Engagement Tips", "Marketing Automation Tutorial", "User Growth", "Email Marketing 101"
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Quora:- Frequent questions: "What's the best customer engagement platform?", "How to increase app user retention?" - not very relevant
1. MoEngage is competing with established players like Braze, Klavioto and Salesforce in Western Markets and Clevertap, OneSignal, pooshwooshm and Webengage in APAC. So regional nuances apply.
2. There's a high interest in practical tips and best practices for customer engagement and ways to improve retention and personalization.
3. Video content on marketing automation and customer engagement is popular.
4. There's a knowledge gap in understanding how to effectively use customer engagement platforms.
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Successes:
1. Strong blog content focusing on industry trends and best practices.
2. Regular webinars featuring industry experts.
3. Comprehensive guides and whitepapers on customer engagement.
4. Active presence on LinkedIn with thought leadership content.
1. Limited visibility on YouTube compared to competitors.
2. Lack of user-generated content showcasing success stories.
3. Limited optimization for long-tail keywords related to specific use cases.
Suggestions and New Strategies
1. Video Content Strategy:
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2. LinkedIn Engagement:
3. Long-Tail Keyword Optimization: Develop content clusters around specific use cases and Create industry-specific landing pages optimized for long-tail keywords.(e.g., "improving push notification open rates").
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4. SEO-Driven Product Integration and Local SEO:
By implementing these strategies, MoEngage can improve its organic reach, establish stronger authority in the customer engagement space, and create multiple touchpoints for potential customers throughout their buyer's journey.
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MoEngage Content Loop Strategyβ
Step 1: Nail down your content creator, content distributor, and channel of distribution
- Channels of Distribution:
- Primary: MoEngage blog, MoEngage employees, and thought leaders
- Secondary: LinkedIn, and Email Newsletter
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Step 2: Type of loop to build out
For MoEngage, we'll focus on an "Educational Content Loop." This type of loop aims to provide valuable insights and knowledge to potential customers, establishing MoEngage as a thought leader in the customer engagement space.
Step 3: Create a simple flow diagram to represent the content loop
```
graph TD
A[Create Educational Blog Post] --> B[Publish on MoEngage Blog]
B --> C[Share on LinkedIn & Twitter]
B --> D[Include in Email Newsletter]
C --> E[Encourage Employee Sharing]
D --> E
E --> F[Drive Traffic Back to Blog]
F --> G[Capture Leads with Content Upgrade]
G --> H[Nurture Leads with More Content]
H --> I[Convert Leads to Customers]
I --> J[Encourage Customer Success Stories]
J --> A
```
Explanation of the Content Loop:
1. Create Educational E-Book: MoEngage's content team creates high-quality, educational content on customer engagement topics.
2. Publish on MoEngage Blog: The post is published on the company blog, optimized for SEO.
3. Share on Social Media: The content is shared on LinkedIn and Twitter to reach a wider audience.
4. Include in Email Newsletter: The post is featured in MoEngage's email newsletter to subscribers.
5. Encourage Employee Sharing: MoEngage employees are encouraged to share the content on their personal professional networks.
6. Drive Traffic Back to Blog: All distribution channels aim to drive traffic back to the MoEngage blog.
7. Capture Leads with Content Upgrade: Offer additional, gated content (e.g., an ebook or webinar) related to the blog post to capture leads.
8. Nurture Leads with More Content: Continue to provide valuable content to nurture the leads through the sales funnel.
9. Convert Leads to Customers: As leads become more educated and engaged, work to convert them into MoEngage customers.
10. Encourage Customer Success Stories: Successful customers are encouraged to share their stories, which can be turned into new content, completing the loop.
This content loop leverages MoEngage's expertise to attract and educate potential customers, nurture them through the sales funnel, and use customer success to attract new prospects.
β
While I cannot express the exact figures for MoEngage, I shall give reasonable hypothetical insights:
This ratio is considered healthy in the B2B SaaS industry (where a ratio of 1:3 or better is often seen as good). Therefore, I shall proceed with paid ads, especially on LinkedIn and Google Search
For MoEngage, we'll focus on the following digital channels:
Based on the ideal customer profile (ICP) for MoEngage, we'll target:
Audience:
Creative Strategy:
Campaign Structure:
Ad Copy Themes:
Call-to-Actions:
Assuming a monthly budget based on the CAC and typical B2B SaaS advertising practices:
Total Monthly Budget: $50,000
Budget Allocation:
Performance Goals:
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β
For MoEngage, organic intent begins when potential customers:
These intentions often lead users to search for integration possibilities with their existing tech stack, which is where product integrations become crucial.
MoEngage fits into the customer engagement and marketing automation ecosystem. It can integrate with:
I would like to showxase an integration between MoEngage and e-commerce platform like Shopify:
A[Shopify E-commerce Store] --> B[Customer makes a purchase]
B --> C[Purchase data sent to MoEngage]
C --> D[MoEngage analyzes customer behavior]
D --> E[MoEngage creates personalized segment]
E --> F[Automated campaign triggered]
F --> G[Personalized email sent via MoEngage]
G --> H[Customer receives follow-up offer]
H --> I[Customer returns to Shopify store]
I --> J[Purchase cycle repeats]
Integration Plan:
Key Benefits of Integrations:
Implementation Strategy: A quarterly breakdown for implementation is provided, starting with the most requested integrations and expanding to more niche, industry-specific ones over time.
By focusing on strategic integrations, MoEngage can tap into new customer bases, enhance its value proposition, and create a more robust ecosystem around its core product.
β
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Step 1: Program Tiers:
1.. Gold Partner
2. Platinum Partner
Partner Types:
1. Solution Partners: Agencies and consultancies that implement MoEngage for their clients
2. Technology Partners: Companies that integrate their products with MoEngage
3. Reseller Partners: Companies that sell MoEngage to their customer base
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Benefits for Partners:
- Revenue share on referred deals (increasing with tier level)
- Co-marketing opportunities
- Training and certification programs
- Dedicated partner manager (Gold and Platinum tiers)
- Early access to new features (Gold and Platinum tiers)
- Joint case study development
- Partner directory listing on MoEngage website
Requirements for Partners:β
- Annual revenue targets (increasing with tier level)
- Certified team members (number increases with tier level)
- Regular joint business planning sessions
- Participation in MoEngage events and sponsorship
- Customer success stories
Partner Portal Features:
- Deal registration
- Training and certification modules
- Marketing materials and co-brandable assets
- Partner directory profile management
- Performance tracking dashboard
Step 2: Raw frames to communicate the partner program
```
[Partner Program Landing Page]
+----------------------------------+
| MoEngage Partner Program |
+----------------------------------+
| [Become a Partner]
|
| - Solution Partners
| - Technology Partners
| - Reseller Partners
+----------------------------------+
| [Success Stories]
| [Partner Benefits]
| [Requirements]
+----------------------------------+
[Partner Dashboard]
+----------------------------------+
| Tier: [Gold Partner] |
| YTD Revenue: $XXX,XXX |
+----------------------------------+
| [Register Deal] [Certifications] |
| [Marketing Assets] [Support] |
+----------------------------------+
| Recent Activity |
| - Deal closed: Client A |
| - New lead: Prospect B |
| -Cross-beam connect: for all leads |
+----------------------------------+
[Deal Registration Form]
+----------------------------------+
| Register New Deal |
+----------------------------------+
| Client Name: [____________] |
| Est. Deal Size: [____________] |
| Expected Close Date: [________] |
| Solution Details: [____________] |
| |
| [Submit Deal] |
+----------------------------------+
[Partner Directory Listing]
+----------------------------------+
| Partner: Digital Growth Experts |
+----------------------------------+
| Tier: Gold Partner |
| Specialties: |
| - E-commerce |
| - FinTech
|- Mobile Apps
[Contact Partner]
[View Case Studies]
+----------------------------------+
```
This partner program is designed to create a mutually beneficial ecosystem where partners can grow their business by offering MoEngage's customer engagement platform, while MoEngage expands its market reach and customer base.
The raw frames provide a basic visualization of how the partner program might look from both the public-facing side (Partner Program Landing Page) and the partner's perspective (Partner Dashboard, Deal Registration Form). The Partner Directory Listing shows how MoEngage can showcase its partners to potential customers, adding value to the partnership.
This structure allows for scalability, clear progression for partners, and mutual growth opportunities for both MoEngage and its partners.
β
I have broken down MoEngage's product offering, target market, competitive landscape, organic and paid aquisition strategy, ICP (Digital Natives, Digital Migrators, and Startups), and partner strategies.
MoEngage go-to-market strategy includes a mix of organic content marketing, paid advertising (primarily on LinkedIn and Google), product integrations, and a partner program.
The company operates in a competitive market with players like Braze, CleverTap, Klaviyo, and Salesforce Marketing Cloud. MoEngage's strategy focuses on leveraging its strengths in AI-powered engagement, personalization, and multi-channel capabilities to differentiate itself.
The document outlines specific strategies for various acquisition channels, including improving their organic presence, optimizing paid ad campaigns, and developing a robust partner and integration ecosystem.
Overall, MoEngage appears to be positioning itself as a comprehensive customer engagement solution for businesses at various stages of digital maturity, with a particular focus on mobile-first and omnichannel engagement strategies.
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