Gupshup Secures Strategic $60M Funding Amidst Shifting Unicorn Status

Key Points

1. Gupshup raised over $60 million in a funding round combining equity and debt, with contributions from Globespan Capital Partners and EvolutionX Debt Capital.

2. The company transitioned from SMS-based services to AI agents, enabling businesses to deploy sophisticated messaging and voice interactions.

3. Gupshup's valuation dropped from $1.4 billion in 2021 to $486 million, reflecting market adjustments and a focus on sustainable growth over high valuations.

4. CEO Beerud Seth emphasized profitability and long-term value, with the company exploring an IPO in the next 18-24 months, potentially listing in India or the U.S.

5. Gupshup powers over 120 billion messages annually and serves a large customer base, positioning it as a leader in AI-driven business messaging.