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Deepti Sri · · 1 min readIndian business messaging app’s valuation jumps to $1.4b after Tiger Global funding
India-based business communications app Gupshup announced it has raised US$100 million in its latest round of funding at a valuation of US$1.4 billion.
More funding details
- Lead investor: Tiger Global Management
- Stage: Series F
More company updates
- Gupshup in a statement said it’s looking to announce a second close for the round, which would see more investors coming on board.
- It plans to use the new funds for research and development, marketing activities, and hiring for its product and engineering teams.
- The company tells Tech in Asia that it will also use the fresh funds for acquisition of businesses that are complementary to its own.
- To date, the startup claims it provides over 100,000 developers and businesses with messaging and chatbot development services for ecommerce, retail, and financial industry use.
For more coverage about the company, head here. You can also click on the link below to view the company’s key details and funding history.
Editing by Collin Furtado, Miguel Angel Cordon, and Jaclyn Tiu
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