Gupshup raises USD 60 mn from Globespan, EvolutionX

New Delhi, Jul 23 (PTI) Enterprise messaging solutions firm Gupshup on Wednesday said it has raised over USD 60 million in a funding round combining equity and debt financing from Globespan Capital Partners and EvolutionX Debt Capital.

The company plans to deploy the fund for expansion of its Conversational AI and messaging platform and accelerate go-to-market execution across high-growth markets, including India, the Middle East, Latin America, and Africa, the company said in a statement.

"Gupshup has raised over USD 60 million in a funding round combining equity and debt financing from Globespan Capital Partners and EvolutionX Debt Capital," the company said.

The company claims to have over 50,000 customers in more than 130 countries.

"Businesses recognise that conversational AI is driving enormous competitive advantages through superior customer experiences. This funding positions us to capture that global opportunity," Gupshup, Founder and CEO, Beerud Sheth said.

The funding will be strategically deployed to enhance sales velocity, product innovation, and deepen market presence across key verticals, globally, the statement said.

Globespan Capital Partners Co-Founder and Managing Partner Andy Goldfarb said that Gupshup has turned the vision of Conversational AI into an enterprise-scale reality.

"With deep AI expertise, robust infrastructure, and relentless execution, Gupshup is redefining how businesses engage customers," Goldfarb said.

EvolutionX Debt Capital Partner Rahul Shah said, "Gupshup is well-poised to lead the AI transformation worldwide." PTI PRS DR DR