Latest news with #Gupshup
Time of India
5 days ago
- Business
- Time of India
ETtech Deals Digest: Startups raise $460 million in July so far, down 47% on-year
Startups across seed, early, and late stages raised the funds through 80 deals, compared to 161 in the year-ago month. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Indian startups raised about $460.5 million in funding between July 1 and 25, marking a 47.3% decrease from the full month last year, when they had raised a total of $874.2 million across 161 far this month, startups, primarily in the seed, early, and late stages, secured funding through 80 rounds, according to data from market intelligence platform contrast, May 2025 saw stronger momentum, with startups raising approximately $896.7 million across 74 week—from July 19 to July 25—funding stood at $211.3 million, accounting for nearly half of the month's total so messaging platform Gupshup raised $60 million, with the majority in the form of equity funding from venture capital firm Globespan Capital Partners and the rest as debt from EvolutionX Debt diagnostics services firm MedGenome raised $47.5 million in a funding round co-led by private equity firm Maj Invest, along with investment firms Novo Holdings and payments firm PayU received a capital infusion of $35.1 million from its parent, Prosus, the Dutch-listed arm of South African technology investor computing startup QpiAI raised $32 million in a funding round led by Avataar Venture Partners and India's National Quantum artificial intelligence (AI) startup Composio has raised $25 million in funding led by Lightspeed Venture Partners . The round also saw participation from existing investors, such as Elevation Capital and Girish Mathrubootham's Together Fund, in addition to angel investors, such as Gokul Rajaram, Rubrik cofounder Sohum Mazumdar, HubSpot founder Dharmesh Shah, and others.
Time of India
6 days ago
- Business
- Time of India
Gupshup raises $6O mn to fuel global expansion
Bengaluru: Conversational AI platform Gupshup raised over $60 million through a combination of equity and debt financing from Globespan Capital Partners and EvolutionX Debt Capital. "In terms of growth, there are two main areas: product and go-to-market. On the product side, we're investing heavily in AI-driven smart messaging. We launched a product called Conversation Cloud, which enables enterprises to build AI agents to interact with their customers. I can elaborate on that if you like. On the go-to-market side, we're expanding beyond India into the Middle East, Latin America, and Southeast Asia—regions that are showing high growth potential," said Beerud Sheth, founder and CEO of Gupshup. The funding will be used to boost sales growth, advance product innovation, and strengthen Gupshup's presence in key verticals worldwide. The company is seeing exceptional demand for its platform, driven by the global AI revolution. You Can Also Check: Bengaluru AQI | Weather in Bengaluru | Bank Holidays in Bengaluru | Public Holidays in Bengaluru Sheth said the messaging landscape changed dramatically over the years. "Initially, it was just SMS—basic notifications like 'your order is confirmed' or 'your flight is delayed.' by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Indonesia: New Container Houses (Prices May Surprise You) Container House | Search Ads Search Now Undo Then came WhatsApp, which was a bit more interactive with images and richer content. After that, chatbots emerged, but those were very rigid—mostly menu-based options, simple back-and-forth interactions." Now, with large language models (LLMs) and AI, we have fully conversational AI agents. Consumers can interact naturally, asking questions like, "What are my options for rebooking a flight?" or "Can I cancel?" It's like speaking to an airline agent, a bank manager, or a retail shopping assistant. This creates a richer, more engaging, and efficient experience," he added. Enterprises need tools to build and manage these AI agents, including campaign managers for alerts, personalisation engines, commerce integrations for payments, human escalation features, advertising system integrations, and analytics for continuous improvement. With 50,000 customers in 130 countries, the company's platform enables businesses to automate complex customer interactions while maintaining personalised, human-like conversations.
Entrepreneur
7 days ago
- Business
- Entrepreneur
Gupshup Raises Over USD 60 Mn from Globespan Capital Partners and EvolutionX Debt Capital
Funding will deepen market presence, win enterprise clients, and scale AI Agent adoption across India, the Middle East, Latin America, and Africa. You're reading Entrepreneur India, an international franchise of Entrepreneur Media. Conversational AI company Gupshup has secured more than USD 60 million in a new round of equity and debt financing from Globespan Capital Partners and EvolutionX Debt Capital. The funds will be used to deepen the company's presence in key global markets, enhance product innovation, and accelerate customer acquisition efforts. Expansion will focus on India, the Middle East, Latin America, and Africa, with a particular emphasis on scaling the adoption of AI agents among enterprise clients. "We're at an inflection point where AI Agents are transitioning from experimental technology to business-critical infrastructure," said Beerud Sheth, Founder and CEO of Gupshup. "This funding positions us to capture that global opportunity." The company is currently preparing for a potential initial public offering within the next two years and is exploring the possibility of relocating its corporate base from the United States to India. Beerud Sheth founded Gupshup in 2004. Originally launched as a messaging platform, the company has evolved into a comprehensive conversational engagement suite. Its offerings now include AI-driven solutions for marketing, commerce, and customer support. Gupshup's platform enables automated yet personalised communication across a wide range of channels such as WhatsApp, voice, RCS, mobile apps, and web interfaces. Serving over 50,000 businesses in more than 130 countries, Gupshup claims to handle upwards of 120 billion messages each year. The platform's capabilities extend to AI tools such as Conversational AI Agents, Agent Assist, Campaign Manager, and AI Campaign CoPilot, enabling businesses to deliver efficient and scalable customer interactions. The company has received recognition from leading industry analysts like Gartner and IDC for its technological innovation. It supports clients across multiple sectors including e-commerce, banking, travel, media, and fintech. Recent years have also seen Gupshup make strategic acquisitions, including Knowlarity, and Onedirect, to bolster its product suite and market presence. Andy Goldfarb of Globespan Capital Partners emphasised, "Gupshup has turned the vision of Conversational AI into an enterprise-scale reality. From India to Brazil, their solutions are redefining how businesses interact with customers." Rahul Shah from EvolutionX added, "Gupshup has led every stage of the messaging industry's evolution. It is well-positioned to drive the next wave of AI-powered communication globally."
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Business Standard
23-07-2025
- Business
- Business Standard
Gupshup raises $60 million to expand Conversational AI capabilities
Gupshup, the conversational AI platform, has raised over $60 million in a funding round combining equity and debt financing from Globespan Capital Partners and EvolutionX Debt Capital. The company did not disclose the valuation. The funding will fuel the expansion of its conversational AI and messaging platform, and accelerate go-to-market execution across high-growth markets, including India, the Middle East, Latin America, and Africa, the company said. "We're at an inflection point where AI agents are transitioning from experimental technology to business-critical infrastructure, leading to extraordinary global demand for our solutions. Businesses recognise that conversational AI is driving enormous competitive advantages through superior customer experiences. This funding positions us to capture that global opportunity," said Beerud Sheth, founder and chief executive officer, Gupshup. The funding will be strategically deployed to enhance sales velocity, product innovation, and deepen market presence across key verticals globally. "Gupshup has been the market leader at every stage of industry evolution—from basic messaging to conversational AI across text and voice—which has led to consistent revenue growth and margin expansion,' said Rahul Shah, partner at EvolutionX Debt Capital. The company's platform enables businesses to automate complex customer interactions while maintaining personalised, human-like conversations. Through solutions like conversational AI agents, Click to Chat Ads, AI Campaign CoPilot, Agent Assist, Personalise, and Campaign Manager, businesses can manage everything from product discovery and purchasing to customer support and retention—marking a significant evolution from traditional chatbots to autonomous agents. Gupshup's platform currently powers more than 120 billion messages annually for thousands of enterprises, with advanced AI capabilities that position it as a comprehensive solution for businesses seeking to implement conversational engagement at scale.
News18
23-07-2025
- Business
- News18
Gupshup raises USD 60 mn from Globespan, EvolutionX
Agency: PTI Last Updated: New Delhi, Jul 23 (PTI) Enterprise messaging solutions firm Gupshup on Wednesday said it has raised over USD 60 million in a funding round combining equity and debt financing from Globespan Capital Partners and EvolutionX Debt Capital. The company plans to deploy the fund for expansion of its Conversational AI and messaging platform and accelerate go-to-market execution across high-growth markets, including India, the Middle East, Latin America, and Africa, the company said in a statement. 'Gupshup has raised over USD 60 million in a funding round combining equity and debt financing from Globespan Capital Partners and EvolutionX Debt Capital," the company said. The company claims to have over 50,000 customers in more than 130 countries. 'Businesses recognise that conversational AI is driving enormous competitive advantages through superior customer experiences. This funding positions us to capture that global opportunity," Gupshup, Founder and CEO, Beerud Sheth said. The funding will be strategically deployed to enhance sales velocity, product innovation, and deepen market presence across key verticals, globally, the statement said. Globespan Capital Partners Co-Founder and Managing Partner Andy Goldfarb said that Gupshup has turned the vision of Conversational AI into an enterprise-scale reality. 'With deep AI expertise, robust infrastructure, and relentless execution, Gupshup is redefining how businesses engage customers," Goldfarb said. EvolutionX Debt Capital Partner Rahul Shah said, 'Gupshup is well-poised to lead the AI transformation worldwide." PTI PRS DR DR view comments First Published: July 23, 2025, 13:45 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
