Stay on Top of Enterprise Technology Trends
Get updates impacting your industry from our GigaOm Research Community
SMS GupShup has raised $12 million to help build out its texting-based mobile-phone communities in India. The company, which has operations in both Santa Clara, Calif. and Mumbai, India, claims to serve 26 million users in roughly two million topics, ranging from religious groups to sports teams.
The fourth round of capital was led by Globespan Capital Partners; existing investors Charles River Ventures and Helion Venture Partners also participated. To date, the company has raised $37 million. SMS GupShup will rely on advertising from brands such as Microsoft (NSDQ: MSFT), Puma, Cadbury and others, to bring the company to profitability this year. The money will be used to expand into the Philippines and Indonesia, and to grow the organization to 150 employees by adding another 20 positions in marketing, engineering and sales.