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Indian AI startup raised around $100 million from Tiger Global for joining India’s fastest growing club of unicorns

After ten years, Gupshup is the Artificial Intelligence-led conversational messaging platform that has now become the 10th unicorn from India in 2021. However, the Startup has now raised $100 million from Tiger Global and is currently valued at $1.4 billion.

The company was founded in 2004, this startup has raised the funds in 2011. Moreover, the startup mentioned that the current investment will be followed by a “second close with significant additional funds raised from more investors.”

Notably, Gupshup is a smart messaging platform that helps companies in reaching out to their consumers. Well, it was the first company that Whatsapp Business tied up with globally as an enterprise messaging partner.  The AI software looks at enterprise message partners. However, the IA software looks at enterprise messages and classifies them as banking real estate, e-commerce, or others and then extracted the important info to highlight in the simple card.

Beerud Sheth founded Gupshup which is a serial entrepreneur and co-founded Elance that is a poster boy of the gig economy. In 2019, Elance went public on Nasdaq.

Gupshup, the artificial intelligence-led conversational messaging platform, has become the 10th unicorn from India in 2021.Unsplash

Gupshup, the artificial intelligence-led conversational messaging platform, has become the 10th unicorn from India in 2021.

It was founded by Beerud Sheth, a serial entrepreneur, and co-founded Elance (Upwork), a poster boy of the gig economy.

Founded in 2004, the startup had last raised funds in 2011.

Ten years after it last raised funds, Gupshup, the artificial intelligence-led conversational messaging platform, has become the 10th unicorn from India in 2021. The startup has raised $100 million from Tiger Global and is now valued at $1.4 billion.

Founded in 2004, the startup had last raised funds in 2011. The startup also said that the current investment will be followed by a ‘second close with significant additional funds raised from more investors.’

Gupshup is a smart messaging platform that helps companies reach out to their consumers. It was the first company that WhatsApp Business tied up with globally as an enterprise messaging partner. The AI software looks at enterprise messages and classifies them as banking, real estate, e-commerce, or others and then extracts the important information to show you in a simple card.

Gupshup was founded by Beerud Sheth — a serial entrepreneur and co-founded Elance – a poster boy of the gig economy. Elance went public on Nasdaq in 2019 as Upwork.

Sheth mentioned in a statement, “Customers expect to converse with businesses the way they do with friends. They expect the conversation to be simple, easy, quick, contextual, and personalized. Gupshup’s mission is to build the tools that help businesses better engage customers through mobile messaging and conversational experiences.”

The company claimed that it is the application programming interface that enables more than 100,000 developers and businesses for building messaging and conversational experiences “delivering more than 6 billion messages per month across 30+ messaging channels.” However, it claims that the annual rate is $150 million.

Sheth in an interview said, “It’s like having a personal assistant that goes through your texts and gives you the important information. Gupshup is taking the mess out of messaging.”

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