Gupshup

Gupshup continues preparing for IPO even as timeline gets delayed, CEO Beerud Sheth said.

12/2022, Beerud Sheth, Co-founder and chief executive officer of Gupshup: "Gupshup has been profitable and is witnessing steady growth. We raised the recent round to expand our product capabilities and build our current product stack. We are capital efficient and are preparing for an IPO and will take a call (about fundraising) based on the market conditions". 

04/2023, Beerud Sheth said: "In this market, I don’t think any company can plan an IPO as such. The IPO window (in the US) is currently closed and there are a lot of uncertainties and therefore investors are still sitting on the sidelines. The way we look at it is since it is not in our control, we are focussed on continuing to drive profitable growth at scale. There are very few companies that have the kind of financial profile that our company has. If we do that, whenever the markets open up, we will be ready to IPO and it will be a successful one because the general philosophy is – focus on building value and the valuation will follow".