fbpx
  • Topics
    • AI & Big Data
    • AR & VR
    • Blockchain
    • Clean Technology
    • Content & Games
    • Cybersecurity
    • Enterprise & SaaS
    • Gadgets & Electronics
    • Health & Bio
    • FinTech
    • IoT
    • Transportation & Logistics
    • Marketplaces & E-commerce
    • Ecosystem
    • Robotics
    • Investments
    • EdTech
    • Featured
  • Deals
    • Private Equity
    • Venture Capital
    • IPO & Markets
  • Interviews
    • Investors’ interviews
    • Founders’ interviews
  • Governments
  • Lists
  • MORE
    • Events
    • Startups Advice
  • Submit an Article
  • REGISTER
  • login
No Result
View All Result
No Result
View All Result
Home Featured

The Indian Unicorn Club – 2021 Entrants – Gupshup – Enabling Businesses To Build Conversational Experiences, Across 30+ Messaging Channels!

AsiaTechDaily Writer by AsiaTechDaily Writer
31 May 2021
in Featured, Social Media
0
Gupshup
1
SHARES
Share on FacebookShare on Twitter
Bookmark (0)

Please login to bookmark

No account yet? Register

Gupshup, the Silicon Valley based Conversational messaging firm has recently joined the Unicorn Club in 2021. Currently valued at over $1.4 Billion, Gupshup is the 10th company have joined the Unicorn Club in 2021.

Tweets by gupshup

Gupshup – About The Company

Co-founded by IIT- Bombay alumnus Beerud Sheth in 2007, Gupshup is leading the charge of conversational messaging platforms. Gupshup provides the tools, services and assistance required for a company to build a strong foundation of conversational customer interaction. This includes messaging APIs, Bot platforms as well as bot building tools, an omnichannel inbox, scripting engines and a robust conversational experience. 

Gupshup powers over 6 Billion messages per month between its thousands of large and small business clients across verticals. Their services are invaluable for marketing, sales and customer support, providing a singular messaging API across a multitude of channels, predominantly text messaging, as well as Social Media like WhatsApp and Facebook Messenger.

The Story

Unlike most startups that made it to a billion dollars this year, Gupshup has a long and unique history of pivots as well as coming close to stoppage multiple times. The company started as a consumer-focused group chat service, later pivoting to an instant messaging app and finally shifting to enterprise messaging solutions. 

Over its tenure, they have experienced many setbacks, with the company haemorrhaging money during its early days due to the cost of SMS services and other operations. Later, the same issue arose when their income could not keep up with the operating costs.

This was their main reason for pivoting to B2B services and enterprise solutions, and this has proven to be an effective business strategy for the company. 

Gupshup – The Growth Curve

Since changing its approach, the company has not only been successful but also profitable. They boast an EBITDA margin of 20%, whereas a lot of companies in their position find this a daunting task for the future. They ended 2021 with a massive annual revenue rate of $150 Million. 

This has greatly boosted the credibility of the company, and the morale of the Co-founder and CEO Mr Sheth. According to him, his company is “a cockroach that happened to turn into a unicorn.” After a long time, the company went out to find investors not because they wanted to, but because they had to. 

Conclusion

The latest influx of funding only adds to the uniqueness of the company. Their previous round of funding was over a decade ago in 2011 and had raised a sum of $10 Million at the time. Though they had investors before that, this was when they abruptly stopped looking for funding. 

In their latest round, they have gained the backing of investment conglomerate Tiger Global. They received $100 Million in funding, skyrocketing their value to $1.4 Billion. The firm wants to scale up its products and go worldwide, focusing on expanding its infrastructure as well as its user base. Their approach to conversational messaging via texts and social media, and their willingness to embrace the most modern technology like AI has made them popular among enterprises as well as a powerful disruptor in the field.

Tags: Bot platformsconversational customer interactionConversational messaging firmconversational toolenterprise messaging solutions.Gupshupmessaging APIsonversational messagingsocial mediaTiger Global
Previous Post

PropertyGuru to acquire Malaysia’s iProperty, Thailand’s thinkofliving from REA Group

Next Post

The Indian Unicorn Club – 2021 Entrants – Chargebee – One Of The Smartest Way To Set Up Your Subscription Billing!

Related Posts

edit post
Corobot, a disinfecting robot developed by Hills Robotics(Image: Hills Robotics Homepage)
Featured

Korea’s Pangyo Techno Valley: A Pioneering Hub in the Global Robot Industry

September 20, 2023
edit post
Choi Hyun-seok, CEO of F&S Holdings
AR & VR

Fassker CEO on Revolutionizing Fashion through Digital Innovation & Metaverse Technology

September 19, 2023
edit post
Panoramic view of Huons headquarters (Source: Huons YouTube)
Featured

Pangyo Techno Valley, a Cluster of the Korean Beauty Industry, Strengthens Its Global Competitiveness

September 15, 2023
edit post
(Photo = beSUCCESS)
Events

“Born2Global Center”, a Business Support Organization for Global Expansion of Startups, Is Transformed into the “Global Digital Innovation Network Foundation.”

September 14, 2023
edit post
CEO YiKyung Son of Galloping (Image= beSUCCESS)
Featured

The Vision of CEO YiKyung Son of Galloping: Harnessing Data to Foster the Next Son Heung-min and Build the World’s Premier Soccer Team

September 11, 2023
edit post
Oh Seung-taek, CEO of AIMMO (Photo=beSUCCESS)
AI & Big Data

AIMMO Raises 14.4 Billion Won in Pre-IPO Investment, Bolstering Its Global AI Data Solutions Presence

September 9, 2023
Next Post
edit post
Chargebee

The Indian Unicorn Club – 2021 Entrants – Chargebee – One Of The Smartest Way To Set Up Your Subscription Billing!

Discussion about this post

No Result
View All Result

Popular Posts

  • The Top 5 Dating Apps In Asia – 2023

    69 shares
    Share 28 Tweet 17
  • Japanese EV Startup Terra Motors Raises $28 M in Series C Funding for Infrastructure Expansion

    36 shares
    Share 14 Tweet 9
  • How Rohan Gupta Co-Founder And CEO Of QuillBot Raised $4.25M To Make Writing Painless?

    16 shares
    Share 6 Tweet 4
  • How Roland Ros, Founder Of Kumu Raised $6M To Build The #1 Grossing Social App In the Philippines?

    14 shares
    Share 6 Tweet 4
  • Inshorts CEO Azhar Iqubal: The entrepreneur who got news curated for the Millenials & Gen Z 

    14 shares
    Share 6 Tweet 4
  • Kimberly Yao, CEO And Co-Founder Of CloudEats- A Pioneer Cloud Restaurant Company In SouthEast Asia

    13 shares
    Share 5 Tweet 3
  • Indian FinTech startup Jar raises US$32 million in Series A

    10 shares
    Share 4 Tweet 3
  • Yoma Strategic announces plan to acquire Telenor Group’s stake in Wave Money

    9 shares
    Share 4 Tweet 2
  • Top 5 Cross-Border Acquisitions To Eye for in 2023

    9 shares
    Share 4 Tweet 2
  • Atome Financial and HSBC Singapore Collaborate Again to Expand in the Philippine Market

    9 shares
    Share 4 Tweet 2




  •  Australia
  •  Austria
  •  Bangladesh
  •  Bhutan
  •  Brunei
  •  Bulgaria
  •  Cambodia
  •  Canada
  •  China
  •  Dubai
  •  Europe
  •  Finland
  •  France
  •  Germany
  •  Greater China
  •  Hong Kong
  •  India
  •  Indonesia
  •  Ireland
  •  Israel
  •  Japan
  •  Laos
  •  Lithuania
  •  Malaysia
  •  Mexico
  •  Mongolia
  •  Myanmar
  •  Nepal
  •  Netherlands
  •  New Zealand
  •  Norway
  •  Pakistan
  •  Philippines
  •  Poland
  •  Puerto Rico
  •  Qatar
  •  Russia
  •  Signapore
  •  Singapore
  •  South Korea
  •  Sweden
  •  Switzerland
  •  Taiwan
  •  Thailand
  •  Turkey
  •  Ukraine
  •  United
  •  United Kingdom
  •  United States
  •  Uzbekistan
  •  Vietnam

Topics

  • AI & Big Data
  • AR & VR
  • Blockchain
  • Clean Technology
  • Content & Games
  • Cybersecurity
  • Enterprise & SaaS
  • Gadgets & Electronics
  • Health & Bio

  • Ecosystem
  • EdTech
  • Featured
  • FinTech
  • Investments
  • IoT
  • Marketplaces & E-commerce
  • Robotics
  • Transportation & Logistics

FREE NEWSLETTER

Follow Us

Copyright © 2023 AsiaTechDaily.com| About Us | Seed accelerator| Terms of Use| Privacy Policy| Cookie Policy Contact : [email protected] | DMCA.com Protection Status | trusted by Wimgo

No Result
View All Result
  • Topics
    • AI & Big Data
    • AR & VR
    • Blockchain
    • Clean Technology
    • Content & Games
    • Cybersecurity
    • Enterprise & SaaS
    • Gadgets & Electronics
    • Health & Bio
    • FinTech
    • IoT
    • Transportation & Logistics
    • Ecosystem
    • Marketplaces & E-commerce
    • Robotics
    • Investments
    • Featured
  • Deals
    • Private Equity
    • Venture Capital
    • IPO & Markets
  • Interviews
    • Investors’ interviews
    • Founders’ interviews
  • Governments
  • Lists
  • MORE
    • Events
    • Startups Advice
  • Submit an Article
  • Forums
  • Jobs
  • REGISTER
  • Login

Copyright © 2023 AsiaTechDaily.com| About Us | Seed accelerator| Terms of Use| Privacy Policy| Cookie Policy Contact : [email protected] | DMCA.com Protection Status | trusted by Wimgo

We hope you enjoy our content, May you please give us Feedback regarding our website!

Single Post Feedback