Fifteen years ago, a small start-up company built in India, started its journey helping businesses reach and engage with users through texts. It has recently raised $100 million and has attended the unicorn status. San Francisco –headquartered Gupshup has profited a whopping sum of $100 million in its Series F financing round from Tiger Global Management, which evaluated the startup at $1.4 Billion.
- Gupshup serves as a conversational messaging platform, which is currently being used by over 100,000 businesses and developers to build their own messaging and conversational proficiency to serve users and customers. According to a report, Gupshup had closed its Series E in 2011 and each month its client transmits more than 6 billion messages.
- John Curtius, Partner at Tiger Global Management said, “ Gupshup is uniquely placed to win in this market with a differentiated product, a clear and sustainable moat, and an accomplished team with a proven track record. In addition to its market control, Gupshup’s unique combination of scale, growth, and profitability fascinated us”.
- For the first six years of its existence, Gupshup was best known for facilitating users in India to send group messages to friends. That model eventually became unfeasible to compute. Over the years Gupshup has extended to newer messaging channels, including conversational bots and it also helps businesses set up and run their WhatsApp channels to interlace with customers.
- Beerud Sheth, Co-founder, and CEO of Gupshup said, “Gupshup’s mission is to build the tools that help businesses better captivate customers through mobile messaging and conversational experiences. As we work towards our mission, we are charmed with this investment from Tiger Global, given its incredible track record of making big bold successful bets on innovative, category-defining companies worldwide”.
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