Company:Gupshup

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Short description: American messaging platform
Gupshup
TypePrivate company
IndustrySoftware
FounderBeerud Sheth
HeadquartersSan Francisco , California
Key people
  • Beerud Sheth (CEO)
ProductsChatbots
Websitegupshup.io

Gupshup is an American messaging platform for businesses to communicate in. With primary operations in India , United States , Europe, Latin America, Africa, Middle East and South East Asia, it is owned and operated by Webaroo Inc.[1]

The platform provides a single messaging API for 30+ channels, various conversational experience-building tool kit for any use case and a network of emerging market partnerships across messaging channels, device manufacturers, ISVs and operators.

The company provides Messaging, Voice, Video, USSD and IP messaging, and chatbot development services to BFSI (banking, financial services and insurance), retail, e-commerce, Fintech, EdTech, Healthcare and Media & Entertainment companies.[2][3][4]

History

Gupshup was founded in 2004 by Beerud Sheth as an SMS network in India and is headquartered in Cupertino, California .[5][6]

Gupshup also developed a smart messaging app, Teamchat, which introduced patent-pending “smart” messages in 2014. Gupshup’s Smart messaging platform also provides tools for developers to quickly and easily build, test, deploy, monitor, and track bots and other smart messaging services.[citation needed]

In 2015, the multi-channel serverless bot platform went live. In 2016, Gupshup launched partnership with FBM, and launched APIs for Slack, Telegram, and introduced their bot platform and bot builder tools.[citation needed]

In 2017, the company was one of the earliest global partners of WhatsApp. Gupshup also created the Interbot framework and built chatbots for Google Assistant and Alexa. In 2018, Gupshup partnered with leading handset OEMs to deliver a rich messaging experience.[citation needed]

In 2020, the company launched its very own IP Messaging channel - Gupshup IP Messaging aka GIP.[citation needed]

In April 2021, Gupshup raised a $100 million Series F funding round led by Tiger Global at a valuation of $1.4 billion, becoming a unicorn. The platform was used by more than 100,000 businesses and developers.[7] In July 2021, it raised an additional $140 million.[8]

Other acquisitions

  • In September 2021, Gupshup acquired DOTGO, a rich communications system (RCS) business messaging (RBM) player based in New Jersey.[9]
  • In February 2022, Gupshup acquired AI-powered Voice company, Knowlarity Communications.[10]
  • In April 2022, Gupshup acquired Active.ai, a Conversational AI Platform for Banks and Fintech Companies.[11]

Technology

In April 2016, Gupshup launched one of the first chatbot building platforms.[12] As of September 2017, the company has over 30,000 chatbots across 22 channels like Facebook Messenger,[13] SMS, Twitter, Hangouts, Google Home,[14] Amazon Alexa, WeChat, Skype, Microsoft Teams, and email.[6]

References

  1. "Business messaging platform Gupshup raises $100M" (in en-US). 2021-04-08. https://siliconangle.com/2021/04/08/business-messaging-platform-gupshup-raises-100m/. 
  2. "Yes Bank Launches 'Yes mPower', An AI Powered Chatbot to Offer Loan Assistance" (in en-US). NextBigWhat.. January 5, 2017. https://www.nextbigwhat.com/yes-bank-launches-yes-mpower-an-ai-powered-chatbot-to-offer-loan-assistance-297/. 
  3. "Pegg is a Facebook Messenger chatbot that can be your personal accountant" (in en). Digit. http://www.digit.in/machine-learning-and-ai/pegg-is-a-facebook-messenger-chatbot-that-can-be-your-personal-accountant-31175.html. 
  4. Bureau, Indiaretailing (June 15, 2017). "Titan launches chatbot to assist e-shoppers - Indiaretailing.com" (in en-US). Indiaretailing.com. http://www.indiaretailing.com/2017/06/15/retail/titan-launches-chatbot-assist-e-shoppers/. 
  5. G, kumar; harv (2021-08-16). "How Gupshup Uses AI" (in en-US). https://analyticsindiamag.com/how-gupshup-uses-ai/. 
  6. 6.0 6.1 Lee, Allen (2021-04-15). "20 Things You Didn't Know About Gupshup" (in en-US). https://moneyinc.com/gupshup/. 
  7. "Messaging platform Gupshup raises $100 million at $1.4 billion valuation" (in en-US). https://social.techcrunch.com/2021/04/08/messaging-platform-gupshup-raises-100-million-at-1-4-billion-valuation/. 
  8. "Business messaging platform Gupshup raises $240 million from Tiger Global, Fidelity and others" (in en-US). https://social.techcrunch.com/2021/07/28/business-messaging-platform-gupshup-raises-240-million-from-tiger-global-fidelity-and-others/. 
  9. Alawadhi, Neha (2021-09-23). "Gupshup acquires New Jersey-based RBM player Dotgo for undisclosed sum". Business Standard India. https://www.business-standard.com/article/companies/gupshup-acquires-new-jersey-based-rbm-player-dotgo-for-undisclosed-sum-121092300963_1.html. 
  10. "Gupshup Acquires AI-Powered Voice Leader, Knowlarity, Strengthens Conversational Engagement Portfolio" (in en). 2022-02-02. https://www.businesswire.com/news/home/20220202005128/en/Gupshup-Acquires-AI-Powered-Voice-Leader-Knowlarity-Strengthens-Conversational-Engagement-Portfolio. 
  11. "Gupshup acquires Active.Ai, a leading conversational AI platform for banks & fintech companies" (in en). 2022-04-05. https://www.cnbctv18.com/business/companies/gupshup-acquires-activeai-a-leading-conversational-ai-platform-for-banks--fintech-companies-13052812.htm. 
  12. Bhalla, Tarush (2021-05-18). "Gupshup eyes conversational commerce" (in en). https://www.livemint.com/companies/start-ups/gupshup-eyes-conversational-commerce-11621280768291.html. 
  13. "'50pc of enterprises will spend more on chatbots compared to mobile apps by 2021,' says Gupshup CEO Beerud Sheth" (in en-US). YourStory.com. March 14, 2018. https://timesofindia.indiatimes.com/business/india-business/now-shop-with-titan-using-chatbots/articleshow/59155840.cms. 
  14. "Google teams with Gupshup to develop voice-activated Actions for Google Home" (in en-US). VentureBeat. December 8, 2016. https://venturebeat.com/2016/12/08/google-partners-with-gupshup-to-develop-voice-activated-actions-for-google-home/. 

External links