📝 Gupshup raises $60M

Liam Gill
July 24, 2025

News of the Day

Messaging platform Gupshup has raised $60 million in new funding (a mix of equity and debt) from Globespan and EvolutionX to expand across growth markets like India, the Middle East, and Latin America. Once valued at $1.4 billion, its valuation has reportedly been slashed by investors like Fidelity, though CEO Beerud Sheth declined to confirm if the company still holds unicorn status. Founded in 2004, Gupshup has evolved from SMS tools to powering AI agents on WhatsApp and RCS for over 50,000 enterprise clients. Now tripling revenue since its last round, the company is eyeing an IPO within two years, likely in India, though regulatory hurdles remain.

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6:31 PM • Jul 23, 2025

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Liam Gill