News Summary

• Gupshup, a business messaging startup that began its journey in India over two decades ago and became a unicorn four years ago, has raised a new $60 million round.
• The new funding round, which combines equity and debt financing from Globespan Capital Partners and EvolutionX Debt Capital, aims to help the San Francisco-headquartered startup expand its presence across its high-growth markets.
• The startup sees an IPO as its next major milestone, although it has no specific timeline for its public listing.