SMSGupshup has closed funding for a $12 million (Series D) round led by Globespan 
Capital Partners and additional financing from existing investors Charles River Ventures and Helion Venture Partners.
SMS GupShup now serves 26 million users in over 2 million sms communities and claims to grow userbase by 100% just in the last 6 months – company claims to account for 5% of all SMS traffic in India.
SMSgupshup earlier raised $11mn in July 2008 and also partnered with Facebook for it’s sms service in India.
Last year, company (Webaroo) closed down other products and decided to focus on smsgupshup – the core money making unit being selling bulk sms.
To date, SMS GupShup has raised $37million in funding and the current funding will be used for global expansion.
Recommended Read: The hype and fall of SMS ads – Substitutes and Alternatives
Awaiting the series E and F funding
This is plain stupid. SMS Gupshup has no business model and whatever little they have will get blown out of the water when the interconnect charges are introduced.
Compilation of info (twitter,videos,articles) relevant to SMS Gupshup. They can be accessed at http://www.tinkrbox.com/tb/box.jsp?b=iYZhn12odOoF
Funny that the company makes money from bulk sms and am seriously wondering @ what valuation can they get more $12mn?
lack of fundamentals drive such funding..
here are the facts , this site gets approx 50,000 page views / day that indicates it definitely does not have 26 million users . See http://www.sitelogr.com | http://www.websiteoutlook.com
Over-hyped for sure