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 Cor
Gupshup raises additional $240 million to fast-track global conversational messaging Vision
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Business messaging platform Gupshup raises $240 million from Tiger Global, Fidelity and others – TechCrunch
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