Gupshup Secures $60M to Propel Conversational AI Expansion
Gupshup, a prominent enterprise messaging solutions company, has raised over USD 60 million through a mix of equity and debt financing, with contributions from Globespan Capital Partners and EvolutionX Debt Capital. The funds will be used to bolster its Conversational AI platform and expand market reach globally.
- Country:
- India
Enterprise messaging solutions firm Gupshup announced on Wednesday a successful funding round, aggregating over $60 million through a combination of equity and debt support from Globespan Capital Partners and EvolutionX Debt Capital.
The fresh capital will be directed towards the expansion of Gupshup's Conversational AI and messaging platform, aiming to speed up market execution across high-growth areas like India, the Middle East, Latin America, and Africa. According to Founder and CEO Beerud Sheth, this move is set to enhance the company's global footprint by facilitating top-notch customer experiences through innovative AI applications.
Globespan Capital Partners' Co-Founder Andy Goldfarb and EvolutionX Debt Capital Partner Rahul Shah have recognized Gupshup's pivotal role in transforming conversational AI into an enterprise-level necessity, emphasizing the company's capability to lead the global AI transformation journey.
(With inputs from agencies.)
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