Gupshup Eyes IPO After $240 Mn Top-Up Round To Buy Back Shares
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India, July 28 -- After securing $100 Mn in April this year and entering India's unicorn club, enterprise communications startup Gupshup has raised an additional $240 Mn in a follow-on funding round, looking to buy back shares from employees and some of its existing investors.
The latest round has seen investments from Fidelity Management and Research, Tiger Global, Think Investments, Malabar Investments, Harbor Spring Capital, certain accounts managed by Neuberger Berman Investment Advisers, White Oak, former WhatsApp head Neeraj Arora and others. The company had raised funds in April at a post-money valuation of $1.4 Bn, and the latest round has also been raised at the same valuation.
Besides using the process for secondary purchase o...
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