Gupshup raises $60 million from Globespan, EvolutionX; explores domicile shift for India IPO

Conversational messaging platform Gupshup has raised $60 million (about Rs 518 crore), with the majority in the form of equity funding from venture capital firm Globespan Capital Partners and the rest as debt from EvolutionX Debt Capital.

The fresh capital will be used to expand Gupshup’s artificial intelligence (AI)-driven messaging platform and accelerate go-to-market execution across high-growth regions, including India, the Middle East, South America and Africa.