B2B AI firm Gupshup secures $60 million in fresh funding, eyes IPO in 12–24 months
The AI Directive B2B message platform Gupshup collected $ 60 million (approximate La518 Crore) Since it is preparing for a public market output within the next 12 to 24 months, a new financing tour with a mixture of Özkaynak and Debt Financing.
The new tour has participated in the participation of investors, including Globespan Capital Partners and Evolutionx Debt Capital, the second for the first time in Gupshup’s CAP table.
Funds will be divided evenly between working capital and growth initiatives. As a B2B company, GUPSHUP usually sees a delay between paying payment – sometimes a few months of delay – for the services that are important to the customers and occupation capital.
Bakan When we detect an opportunity when we detect an opportunity, Beerud Seth, the founder and CEO of Gupshup, helps us to act quickly when we detect an opportunity. Refunds are worth it even if it lasts for a quarter. ” Mint.
Also read: Beyond extraction: AI.
Public offering in jobs
The company plans to apply for the first public offering in the next 1-2 years and is already discussing with bankers, lawyers and accountants. It also strengthened the governance structures by adding three independent managers to the board of directors, including Lorrie Norrington last year.
The company is currently residing in the US with the presence of India. Sheth sees India as an attractive offer and evaluates returning to the country.
“We have significant revenues in India and many of our customers. We are a well -known brand here and many investors here understands how WhatsApp works. Therefore, it can be an attractive list. We optimize for investor understanding.”
India is currently about 70% of Gupshup revenue, and the rest comes from markets such as Middle East, Brazil, Mexico and Southeast Asia.
Also read: Mint Description: Why will initiatives continue to be uncomfortable with the moonlight
Valuation reset
In 2021, Gupshup collected $ 340 million from Tiger Global, Fidelity, Malabar Investments and others and passed his valuation at $ 1 billion. The Company used these funds to make purchases and increase RAR -G between 2021-2022.
Between September 2021 and June 2022, he bought five companies, including a communication platform and customer participation platform, Dotgo; AI -based speech platform, ASKİD; and active.ai, multi -channel speech participation solutions provider.
However, it is worth noting that the values have come out of their peaks for several initiatives since 2021-22 and that Gupshup is not different. Fidelity, which invested $ 16.2 million during the Unicorn Valuation Tour, has reduced its value to more than 65% since investing.
According to the Asset Management Company, Gupshup is now worth $ 486 million, according to December 2024. Meanwhile, Tracxn data shows that the company is worth $ 500 million as of August 2024.
When asked if the last tour reflecting an updated valuation, Sheth said, “I guess there is no valuation type implied by this tour. Our income has doubled our last financing tour and our profitability has grown significantly. When you made a priced share tour, the values are different. He said.
GUPSHUP’s India Entity Revenue was standing in 23 fiscal years LaAccording to TRACXN data, 1,618.6 Crore is an increase of 42% over the previous financial. Profit and FAVÖK also rose La49.2 Crore and La92.9 Crore increases 23% and 31%, respectively.
Also read: What if AI didn’t need internet? Indian semiconductor initiatives have an answer
