Funding round
Gupshup Series E
Gupshup, which works in conversational AI platform development in India, raised $10M in a Series E round announced on 30 Aug 2011, led by Tenaya Capital. 6 firms took part, 5 of them already investors. It is Gupshup's second venture round on record; the one before was a Series D in Jan 2010.
$10M
Amount raised
Not disclosed
Post-money valuation
6
Investors
1 lead
Valuation
What this round says about the price
Gupshup did not disclose a valuation in this round. It came 19 months after Gupshup's Series D. It is 2.4% of the $422M Gupshup has raised in the venture rounds on record. Gupshup raised again 116 months later: a Series F round of $100M in Apr 2021, at $1.40B post-money.
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 this round 30 Aug 2011, led by Tenaya Capital $10M
- Series F 8 Apr 2021, led by Tiger Global $100M$1.40B post-money
- Growth 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
Tenaya Capital led the round with 5 other firms. Globespan Capital Partners, Helion Ventures, CRV and Lloyd George and 1 more had backed Gupshup before.
Lead investor
- backs 34 venture-backed companies new investor
Also in the round
- backs 11 venture-backed companies existing investor
- Helion Ventures existing investor
- CRV backs 177 venture-backed companies existing investor
- Lloyd George existing investor
- New Horizons existing investor
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 and working capital.
- Hiring
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
The closest in time: Series E rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Civil Engineering Services | 18 Aug 2011 | $35M | not disclosed | Covidien Ventures |
| Art & Music Publishers | 26 Sep 2011 | $85M | $800M | Greylock Partners and Insight Partners |
| Tech Companies | 11 Apr 2011 | $13M | not disclosed | not named |
| Solar Energy Company | 31 Mar 2011 | $200M | not disclosed | Riverwood Capital |
| Tech Companies | 27 Jan 2012 | $21M | $227M | not named |
Sources
Where this comes from
Reported by 3 sources.
Questions
Frequently asked
How much did Gupshup raise in its Series E round?
Gupshup raised $10M in its Series E round, announced in Aug 2011.
Who led Gupshup's Series E round?
Tenaya Capital led it, with Globespan Capital Partners, Helion Ventures, CRV, Lloyd George and New Horizons.
What was Gupshup's valuation at the Series E round?
It was not disclosed.
Did Gupshup raise again after this round?
Yes: a Series F round in Apr 2021 of $100M at $1.40B post-money.