AI firm Gupshup raises $60 mn as it prepares for IPO

Gupshup, which is currently domiciled in the US with an India entity, plans to file for an IPO in the next 1-2 years

- Rwit Ghosh

I-driven B2B messaging platform Gupshup has raised $60 million (about ₹518 crore) in a new funding round, comprising a mix of equity and debt financing, as it gears up for a public market debut in the next 12 to 24 months.

The new round saw participation from investors including Globespan Capital Partners and EvolutionX Debt Capital, with the latter joining Gupshup's cap table for the first time. The funds will be split equally between working capital and growth initiatives. As a B2B company, Gupshup often sees a lag between signing on customers and receiving payments for services rendered—sometimes with a delay of a few months—making working capital crucial.