MoEngage receives NCLT nod for reverse merger ahead of potential IPO

NCLT has sanctioned the amalgamation of US parent into Indian entity, completing corporate restructuring

Bhavya Dilipkumar & Chandra R Srikanth

January 30, 2026 / 19:40 IST

MoEngage, SaaS, FLipback, NCLT, Reverse Merger

NCLT approves merger of MoEngage Inc with MoEngage India Pvt Ltd
MoEngage's US assets and operations to vest with Indian subsidiary
MoEngage raised $180 million in Series F funding in December 2025

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The National Company Law Tribunal's (NCLT's) Bengaluru Bench has approved the amalgamation of US-based Software-as-a-Service firm MoEngage Inc with MoEngage India Private Limited, clearing a key regulatory step in the customer engagement platform’s corporate restructuring, according to an order dated January 12, 2026, sourced by Moneycontrol.

The approval sanctions a scheme under Sections 230–232 of the Companies Act, 2013, under which MoEngage Inc, incorporated in Delaware, will merge into its Indian subsidiary and stand dissolved without being wound up.

Following the merger, all assets, liabilities and operations of the US entity will vest with MoEngage India.

Moneycontrol was the first to report on April 2025 that Customer Engagement SaaS firm MoEngage is considering relocating its headquarters from San Francisco to India and is talking to advisers and bankers about the potential move, multiple sources told Moneycontrol.

In December 2025, MoEngage raised an additional $180 million as part of its Series F funding round, taking the total capital raised in the round to $280 million, the enterprise software-as-a-service firm said on December 17.