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Tiger Global, a private equity firm, led a $100m funding round in Gupshup, a chat bot building platform. This funding will be followed by a second close with significant additional funds raised from more investors, to be announced later. “The growth in business use of messaging and conversational experiences, transforming virtually every customer touchpoint, is an exciting secular trend. Gupshup is uniquely positioned to win in this market with a differentiated product, a clear and sustainable moat, and an experienced team with a proven track record. In addition to its market leadership, Gupshup’s unique combination of scale, growth and profitability attracted us,” John Curtius, Tiger Global Management Partner.
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