[Funding] Conversational Messaging Startup Gupshup raises $100 million from Tiger Global; turns a Unicorn
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New Delhi, April 9 -- Conversational messaging platform Gupshup has raised $100 million from Tiger Global, pushing the company's valuation to $1.4 billion. According to reports, this is the company's first financing round in a decade. It had last raised Rs 50 crore ($10 million) in 2011 at a valuation of Rs 1,000 crore. Tiger Global led the round with participation from CRV, Globespan Capital Partners and Helion Ventures. The company plans to use the new capital to scale its product suite and go-to-market initiatives across the world.
This makes Gupshup the tenth startup to enter the country's unicorn club this year. Six of these did so in just the past week. These include social commerce platform Meesho, social network Sharechat, fintec...
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