SaaS main MoEngage has acquired approval from the Nationwide Firm Regulation Tribunal (NCLT) for a reverse merger that may shift its company domicile from the US to India, a key step in its restructuring forward of a possible public itemizing within the nation.

In an order dated January 12, 2026, the NCLT’s Bengaluru bench cleared the merger of MoEngage Inc, the corporate’s Delaware-incorporated mother or father, into its Indian subsidiary, MoEngage India Non-public Restricted.

Underneath the authorized amalgamation scheme, the US entity will merge into the Indian arm and stop to exist with out being wound up, with all property, liabilities and operations transferring to the Indian firm.

The transfer follows sustained discussions inside the firm on relocating its headquarters to India because it evaluates an preliminary public providing on home bourses. MoEngage has been in talks with advisers and bankers since final 12 months to discover IPO choices.

Founder and CEO Raviteja Dodda had earlier mentioned the corporate was assessing the best avenue and timing for an inventory, with market circumstances enjoying a decisive position.

“We proceed to guage from the IPO standpoint on what’s the proper avenue for us within the coming years,” he had mentioned, including that the corporate goals to be IPO-ready over the subsequent couple of years.

The tribunal approval comes weeks after MoEngage closed an prolonged Sequence F funding spherical in December 2025. The spherical totalled $280 million, together with a $180 million tranche introduced earlier, and was a mixture of major and secondary transactions. Buyers included ChrysCapital, Dragon Fund and Goldman Sachs Alternate options, with participation from A91 Companions.

Based in 2014 by Raviteja Dodda and Yashwanth Kumar, MoEngage supplies buyer engagement, analytics and messaging instruments powered by synthetic intelligence. Its platform is utilized by advertising and marketing and product groups to handle buyer journeys throughout channels. The corporate serves greater than 1,350 enterprises throughout 75 international locations.

Round 60% of its purchasers are conventional enterprises, whereas the remainder embrace new-age digital corporations corresponding to Swiggy, Ola, Mamaearth and Policybazaar. Geographically, about 30% of its income comes from North America, 25% from Europe and West Asia, with the rest contributed by India and different markets. MoEngage employs near 800 individuals globally.