Chatbot Startup Gupshup Raises $240 Million for Growth Push

July 28, 2021, 9:19 AM UTC

Messaging bots developer Gupshup raised $240 million in fresh funding, the second cash injection within a few months as the startup accelerates its expansion.

Fidelity Management & Research, Tiger Global and Think Investments participated as investors, the company said Wednesday in a statement. The fundraising follows a $100 million round in April -- the first in a decade -- that valued the company at $1.4 billion.

Gupshup helps companies from Facebook Inc. and Amazon.com Inc. to Citigroup Inc. and HSBC Holdings Plc develop customer-relations chatbots on websites or services like WhatsApp. The company will use the funds to expand ...

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