GupShup, a Twitter-Like Service, Gets $10 Million

SMSGupShup, an SMS-based group messaging/microblogging service from Webaroo, is close to announcing that it has raised $10 million in new capital from Helion Ventures and Charles River Ventures. News of pending deal was first reported by some blogs in IndiaIn its original form, Webaroo — a startup co-founded by Rakesh Mathur, formerly of Junglee, and Beerud Sheth, formerly of eLance — was going nowhere fast, until the company launched the SMSGupShup service, which has taken on a life of its own in India. (Disclosure: Rakesh is an investor in the parent company of this blog.)

I use the SMSGupShup service to send alerts to our readers in India, and our reach has been growing like a weed — much like the service itself. Here’s a link to my GupShup channel, in case you want to sign up. SMSGupShup is, according to some estimates, about seven times the size of Twitter in terms of users and about three times as big in terms of daily SMS messages. It rarely has outages because, as its name suggests, it is almost entirely focused around SMS.