Gupshup, a San Francisco, CA-based conversational messaging company, raised an additional $240m in follow-on funding.
Backers included Fidelity Management and Research Company LLC, Tiger Global, Think Investments, Malabar Investments, Harbor Spring Capital, certain accounts managed by Neuberger Berman Investment Advisers LLC, White Oak, Neeraj Arora and others.
This funding round, which follows the $100 million raise from Tiger Global in April 2021, at a $1.4 billion valuation, will be used by Gupshup to continue executing its vision and for secondary purchase of shares from current and former employees as well as prior investors.
The company continues to invest in product innovation for digital commerce enablement as well as expanding go-to-market initiatives in mobile-first economies around the world. Gupshup is also exploring M&A opportunities to expand its business opportunities. The company earlier announced an expansion in its executive team with leadership hires in Corporate Development, International Business Development, Sales, Customer Success, Marketing, and IT.
Led by Beerud Sheth, co-founder and CEO, Gupshup enables digital commerce with conversational messaging, helps businesses across industries take their customers on AI-powered conversational journeys on messaging apps, across marketing, commerce, and support workflows. Customers can discover products, pay for them, track delivery, provide feedback and get support, while chatting with their favorite brands like they would with friends and family.
Gupshup is present in India, LATAM, Southeast Asia, Middle East, Eastern Europe, Africa, and the United States.
FinSMEs
29/07/2021