Gupshup was founded in 2004 by Beerud Sheth, Dr Milind R Agarwal, and Rakesh Mathur. Following a $240 million funding round in 2021, Sheth told reporters that ""we want to build relationships with these large investors because they can help us in a future IPO.""
Gupshup is a conversational messaging platform that provides messaging tools to businesses. Additionally, the company offers an SMS-based social network for consumers. The company made 5 acquisitions between 2021 and 2022, including of Active.ai and OneDirect. Gupshup has raised more than $450 million in venture capital funding from investors such as Fidelity Management, Tiger Global, and White Oak Global Advisors. The company was valued at $1.4 billion in after Tiger Global contributed $100 million in fresh capital in 2021.
These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO.
Funding Date | Share Class | Amount Raised | Price per Share | Post-Money Valuation | Key Investors | |
---|---|---|---|---|---|---|
07/28/2021 | Series F | $350MM | $xx.xx | $1.62B | Tiger Global Management, Fidelity, Think Investments, Malabar Investments, Harbor Spring Capital, Neuberger Berman Investment Advisers, White Oak | |
Price per Share
$xx.xx
Shares Outstanding
15,307,098
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
500.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Tiger Global Management, Fidelity, Think Investments, Malabar Investments, Harbor Spring Capital, Neuberger Berman Investment Advisers, White Oak
|
||||||
09/01/2011 | Series E | $10MM | $xx.xx | $201.92MM | Tenaya Capital, Globespan Capital Partners, Helion Ventures, Charles River Ventures | |
Price per Share
$xx.xx
Shares Outstanding
2,932,936
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
500.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Tenaya Capital, Globespan Capital Partners, Helion Ventures, Charles River Ventures
|
||||||
02/26/2010 | Series D | $12.08MM | $xx.xx | $79.6MM | Undisclosed Investors | |
Price per Share
$xx.xx
Shares Outstanding
8,940,388
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
500.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Undisclosed Investors
|
||||||
10/07/2008 | Series C | $12.33MM | $xx.xx | $44.87MM | CRV, Globespan Capital Partners, Helion Venture Partners | |
Price per Share
$xx.xx
Shares Outstanding
15,952,356
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
500.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
CRV, Globespan Capital Partners, Helion Venture Partners
|
||||||
01/31/2007 | Series B | $12.75MM | $xx.xx | $248.9MM | Cambrian Ventures, Hummer Winblad Venture Partners | |
Price per Share
$xx.xx
Shares Outstanding
2,891,151
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
500.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Cambrian Ventures, Hummer Winblad Venture Partners
|
||||||
06/06/2005 | Series A-1 | $2.47MM | $xx.xx | $64.57MM | Undisclosed Investors | |
Price per Share
$xx.xx
Shares Outstanding
2,147,589
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
500.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Undisclosed Investors
|
||||||
06/06/2005 | Series A | $524,999 | $xx.xx | $64.57MM | Cambrian Ventures, Tenaya Capital | |
Price per Share
$xx.xx
Shares Outstanding
1,359,045
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
500.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Cambrian Ventures, Tenaya Capital
|