Gupshup raises USD 60 mn from Globespan, EvolutionX
PTI
Last Updated:
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
view comments
First Published:
July 23, 2025, 13:45 IST
Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Deccan Herald
a few seconds ago
- Deccan Herald
Karnataka to complete AI workforce impact survey in a month
Karnataka IT Minister Priyank Kharge on Tuesday said the state is talking to companies to evaluate the impact of AI on workforce and the assessment is expected to be completed in about a month. The comment assumes significance in the backdrop of TCS' decision to slash 12,000 jobs this year. The unexpected move by India's largest IT services company has sent fresh tremors in the tech industry, that has been battling global macroeconomic woes and geopolitical uncertainty. On the Karnataka State IT/ITeS Employees' Union reportedly seeking action against TCS over the job cuts, Kharge said Karnataka does not recognise unions in IT sector. He, however, added that "if there are concerns raised by public and people, it is our responsibility to address it". "We are talking to companies to ask them what exactly we can do to ensure our HR or talent is most employable. We are getting a survey done with the companies on AI affect in workforce," Kharge told PTI on sidelines of SAP Labs India event. He added that the process is expected to be completed in about a month. It is pertinent to mention here that India's top IT services companies have delivered single-digit revenue growth in Q1 FY26, capping off a somewhat-sobering June quarter as macroeconomic instability and geopolitical tensions have weighed on global tech demand and delayed client decision making.
India Today
30 minutes ago
- India Today
As Trump tariffs hit India, Apple boosts US investment by $100 billion
Apple said it will invest an additional USD 100 billion in the US over the next four years, expanding domestic manufacturing and supply chain operations after weeks of tension with President Donald Trump over the company's decision to shift iPhone production to is expected to tout the announcement on Wednesday at the White House as a major win for American manufacturing. 'Today's announcement with Apple is another win for our manufacturing industry that will simultaneously help reshore the production of critical components to protect America's economic and national security," White House spokeswoman Taylor Rogers said in a move boosts Apple's total US investment commitment to $600 billion, up from the $500 billion the company had previously pledged. The announcement follows criticism from Trump, who earlier this year said there was 'a little problem' with Apple's decision to expand production in India. While in Qatar, the president recalled telling CEO Tim Cook directly: 'I don't want you building in India.'Apple's change of course comes on the same day Trump slapped a 25% additional tariff on Indian goods, citing New Delhi's continued imports of Russian oil. With the new import taxes taking effect in 21 days, total US tariffs on Indian exports could reach 50%.Though Apple didn't comment Wednesday, CEO Tim Cook recently signaled a deeper push into US manufacturing during an earnings call, saying: 'We're doing more in this country, and that's on top of having roughly 19 billion chips coming out of the US now, and we will do more.'The company's new pledge also includes a $500 million deal with MP Materials, the only rare earths producer in the US. That agreement will expand a Texas factory to make recycled magnets used in iPhones.'There's a load of different things done in the United States,' Cook added on the same call. He cited US-made iPhone components like the glass display and facial recognition modules as examples of the company's growing domestic shares surged nearly 6 per cent on the news Wednesday. Nancy Tengler, CEO of Laffer Tengler Investments, which holds Apple stock, said the market's reaction shows relief that Cook 'is extending an olive branch' to the Trump so, Apple's stock remains down 14 per cent this year, weighed down in part by its slow entry into artificial intelligence — a strategic miss that investors say the company is now trying to correct with a pivot back to its strengths in hardware and production.- EndsWith inputs from Associated PressMust Watch
India.com
an hour ago
- India.com
Trump's 50% tariffs on India! which sectors will impact? study says ‘estimated impact of…'
U.S. President Donald Trump has announced a 50% tariff on Indian goods, which will take effect from August 7. This move raised major concerns about its potential impact on the Indian economy. However, there's some good news a new report suggests the impact will be minimal. According to a study by the PHD Chamber of Commerce and Industry (PHDCCI), the tariff is expected to affect India's GDP by only 0.19%, which is almost negligible. Out of India's total exports worth $86.5 billion, only $8.1 billion around 1.87% will be affected by this move. Trump Tariffs: What PHDCCI Study Says? The paper, released by the PHD Chamber of Commerce and Industry (PHDCCI), also recommends a series of measures to mitigate the impact of US tariffs. 'Our analysis indicates that there will be an estimated impact of only 1.87 per cent on India's total global merchandise exports and a negligible 0.19 per cent on India's GDP as a result of a 25 per cent tariff announced by the US on India,' said Hemant Jain, President, PHDCCI. The study said the total potential export impact is estimated at USD 8.1 billion based on 2024-25 merchandise exports of USD 86.5 billion (1.87 per cent of India's total global export). Which Sectors Will Impact By Trump Tariffs? Among other sectors, the study said the levies would impact engineering goods (USD 1.8 billion), gems and jewellery (USD 932 million), and ready-made garments (USD 500 million). In the wake of the US tariffs, the industry body has recommended several measures, including increasing market penetration, product development and market diversification. It suggested that stakeholders should negotiate bundled-pricing deals (textiles plus accessories) to absorb some tariff cost and maintain shelf-price competitiveness. 'Leverage Indian diaspora networks (trade fairs, cultural events) to boost volume with existing buyers under current product portfolios,' it said. PHDCCI also made a strong case for investments in joint ventures with US firms to produce tariff-sensitive goods on-shore, thereby converting exports into high-value services and intellectual property (IP) licensing. (With Inputs From PTI)
