Funding round
Gupshup Growth
Reported as "Growth Equity"
Gupshup, which works in conversational AI platform development in India, raised $240M in a Growth round announced on 28 Jul 2021, led by Tiger Global, Think Investments, Malabar Investments, Harbor Spring Capital, Neuberger Berman Investment Advisers LLC and White Oak, at a $1.40B post-money valuation. 8 firms took part, with 1 individual investor. It is Gupshup's fourth venture round on record; the one before was a Series F in Apr 2021.
$240M
Amount raised
$1.40B
Post-money valuation
$1.16B pre-money
8
Investors
6 leads
1.0x
Step-up from the Series F
$1.40B in Apr 2021
17%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Gupshup at $1.40B after the new money, 1.0 times the $1.40B of its Series F (Apr 2021). The $240M bought investors about 17% of the company. It came 3 months after Gupshup's Series F. It is 57% of the $422M Gupshup has raised in the venture rounds on record. Gupshup raised again 48 months later: a Growth round of $60M in Jul 2025.
Gupshup's funding rounds
Gupshup has 5 venture rounds on record. This one is highlighted.
- Series D 20 Jan 2010, led by Globespan Capital Partners $12M
- Series E 30 Aug 2011, led by Tenaya Capital $10M
- Series F 8 Apr 2021, led by Tiger Global $100M$1.40B post-money
- Growth this round 28 Jul 2021, led by Tiger Global, Think Investments and Malabar Investments $240M$1.40B post-money
- Growth 23 Jul 2025, led by Globespan Capital Partners $60M
Investors
Who put money in
Tiger Global, Think Investments, Malabar Investments, Harbor Spring Capital, Neuberger Berman Investment Advisers LLC and White Oak led the round with 2 other firms.
Lead investors
- Tiger Global backs 391 venture-backed companies new investor
- backs 16 venture-backed companies new investor
- backs 2 venture-backed companies new investor
- Harbor Spring Capital new investor
- Neuberger Berman Investment Advisers LLC new investor
- White Oak new investor
Also in the round
- Fidelity Management and Research Company LLC new investor
- Fidelity Management & Research
Individual investors: Neeraj Arora.
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, product development, geographic expansion, sales and marketing, scaling operations, acquisitions and working capital.
- Hiring
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Acquisitions
- Working capital
Comparable rounds
How it compares
23 Growth rounds in Software Development Services within a year either side disclosed an amount; the median was $50M, and this round was 4.8 times the median. The closest in time, other companies' Growth rounds in Software Development Services:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Software Development Services | 9 Jun 2021 | $314M | not disclosed | Andreessen Horowitz and Polychain |
| Software Development Services | 16 Jun 2021 | $140M | not disclosed | SoftBank Vision Fund |
| Software Development Services | 29 Jun 2021 | $17M | not disclosed | PeakSpan Capital |
| Software Development Services | 16 Sep 2021 | $230M | not disclosed | not named |
| Software Development Services | 19 May 2021 | $150M | $1.60B | Technology Crossover Ventures |
| Software Development Services | 12 May 2021 | $43M | not disclosed | Delta-v |
| Software Development Services | 12 Apr 2021 | $26M | not disclosed | not named |
| Software Development Services | 23 Nov 2021 | $300M | $2.00B | SoftBank Vision Fund |
Sources
Where this comes from
Reported by 5 sources.
Questions
Frequently asked
How much did Gupshup raise in its Growth round?
Gupshup raised $240M in its Growth round, announced in Jul 2021.
Who led Gupshup's Growth round?
Tiger Global, Think Investments, Malabar Investments, Harbor Spring Capital, Neuberger Berman Investment Advisers LLC and White Oak led it, with Fidelity Management and Research Company LLC and Fidelity Management & Research.
What was Gupshup's valuation at the Growth round?
$1.40B post-money ($1.16B pre-money).
How does it compare with other Growth rounds in Software Development Services?
23 Growth rounds in Software Development Services within a year either side disclosed an amount; the median was $50M, and this round was 4.8 times the median.
Did Gupshup raise again after this round?
Yes: a Growth round in Jul 2025 of $60M.