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Gupshup raises $60M in equity and debt, leaves unicorn status hanging
Gupshup has raised over $60 million in a new round over four years after attaining the unicorn status.
Seth pointed to the startup’s substantial install base — which exceeds 50,000 customers across more than 100 countries — and its track record of product innovation, driven by years of experience in business messaging, strategic acquisitions, and internal R&D. Alongside expanding geographically, the startup aims to utilize its fresh funding to enhance its products, which are used in industries including automotive, banking, e-commerce, fintech, media, payments, retail, and travel. Gupshup is exploring whether it should list on Indian stock exchanges — a move that makes strategic sense, as the startup views India, where WhatsApp dominates, as a more favorable market.
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