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In December, Indian SMS-based social network GupShup announced that they had amassed more than 25 million users. A few weeks ago, they inked a deal with Facebook to let the social network’s users go mobile. GupShup CEO Beerud Sheth (in photo) claims to account for 5 percent of all SMS traffic in India.
Now, Webaroo, the parent company behind GupShup, has announced a fourth round of funding led by Globespan Capital Partners, with additional financing from existing investors Charles River Ventures and Helion Venture Partners. This is on top of $22 million in prior funding.
Venky Ganesan, managing director of Globespan Capital Partners, will join GupShup’s board of directors. The funding will be used, the company said in an email, to add another 20 headcount and to expand into other markets such as the Philippines and India.
The company, founded in 2007, has offices in Mumbai and Santa Clara.
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