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Gupshup

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Gupshup
Company 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. 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 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

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

Gupshup developed the messaging app Teamchat, which introduced "smart" messages in 2014.[citation needed]

In 2015, the multi-channel serverless bot platform went live. In 2016, Gupshup launched a partnership with FBM, and launched APIs for Slack, Telegram, and introduced their bot platform and bot builder tools.[7]

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.[citation needed]

In 2020, the company launched its own IP Messaging channel - Gupshup IP Messaging, aka GIP.

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.[8] In July 2021, it raised an additional $140 million.[9]

Acquisitions

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  • In September 2021, Gupshup acquired DOTGO, a rich communications system (RCS) business messaging (RBM) player based in New Jersey.[10]
  • In February 2022, Gupshup acquired the AI-powered voice company Knowlarity Communications.[11]
  • In April 2022, Gupshup acquired Active.ai, a conversational AI platform for banks and Fintech companies.[12]

Technology

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In April 2016, Gupshup launched one of the first chatbot building platforms.[13] As of September 2017, the company has over 30,000 chatbots across 22 channels, like Facebook Messenger,[14] SMS, Twitter, Hangouts, Google Home,[15] Amazon Alexa, WeChat, Skype, Microsoft Teams, and email.[6]

References

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  1. ^ "Business messaging platform Gupshup raises $100M". SiliconANGLE. April 8, 2021. Retrieved September 9, 2021.
  2. ^ "Yes Bank Launches 'Yes mPower', An AI Powered Chatbot to Offer Loan Assistance". NextBigWhat. January 5, 2017. Retrieved October 9, 2017.
  3. ^ "Pegg is a Facebook Messenger chatbot that can be your personal accountant". Digit. Retrieved October 9, 2017.
  4. ^ Bureau, Indiaretailing (June 15, 2017). "Titan launches chatbot to assist e-shoppers - Indiaretailing.com". Indiaretailing.com. Retrieved October 9, 2017. {{cite news}}: |last= has generic name (help)
  5. ^ G, kumar; harv (August 16, 2021). "How Gupshup Uses AI". Analytics India Magazine. Retrieved September 9, 2021.
  6. ^ a b Lee, Allen (April 15, 2021). "20 Things You Didn't Know About Gupshup". Money Inc. Retrieved October 3, 2021.
  7. ^ "Gupshup launches Auto Bot Builder for developing enterprise-specific chatbots". Techcircle. January 18, 2023. Retrieved September 5, 2024.
  8. ^ "Messaging platform Gupshup raises $100 million at $1.4 billion valuation". TechCrunch. Retrieved October 14, 2021.
  9. ^ "Business messaging platform Gupshup raises $240 million from Tiger Global, Fidelity and others". TechCrunch. Retrieved October 3, 2021.
  10. ^ Alawadhi, Neha (September 23, 2021). "Gupshup acquires New Jersey-based RBM player Dotgo for undisclosed sum". Business Standard India. Retrieved October 3, 2021.
  11. ^ "Gupshup Acquires AI-Powered Voice Leader, Knowlarity, Strengthens Conversational Engagement Portfolio". www.businesswire.com. February 2, 2022. Retrieved August 1, 2023.
  12. ^ "Gupshup acquires Active.Ai, a leading conversational AI platform for banks & fintech companies". cnbctv18.com. April 5, 2022. Retrieved August 1, 2023.
  13. ^ Bhalla, Tarush (May 18, 2021). "Gupshup eyes conversational commerce". mint. Retrieved September 17, 2021.
  14. ^ "'50pc of enterprises will spend more on chatbots compared to mobile apps by 2021,' says Gupshup CEO Beerud Sheth". YourStory.com. March 14, 2018. Retrieved April 13, 2018.
  15. ^ "Google teams with Gupshup to develop voice-activated Actions for Google Home". VentureBeat. December 8, 2016. Retrieved April 13, 2018.
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