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Eight Roads sells $50 mn stakes in 3 firms
Mint Mumbai
|July 01, 2025
Eight Roads Ventures sold its stakes in MoEngage, Whatfix and Shadowfax to TR Capital
Venture capital firm 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, Whatfix in 2019 and MoEngage in 2020.
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 enterprise software.
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