Gupshup has reported an operating income of INR 1,618.5 Cr in FY23, a 43% jump from INR 1,132.1 Cr in FY22
The $1.4 Bn valued startup saw its net profit increase by 23% to INR 49.2 Cr in FY23 from INR 39.9 Cr it had reported in FY22
Around 75% of the startup’s total revenue comes from business in India
Conversational engagement platform Gupshup saw an increase of over 40% in its operating revenue in the financial year ending on March 31, 2023. The San Francisco-headquartered startup has reported an operating income of INR 1,618.5 Cr in FY23, a 43% jump from INR 1,132.1 Cr it had generated in the previous fiscal year. The unicorn primarily earns revenue from providing mobile messaging services, mobile advertisement through text messages and software development charges.
Founded in 2004 by Beerud Sheth, Gupshup claims to send over 10 Bn messages every month to enable conversations with customers and counts Kotak Mahindra Bank, IndusInd Bank, HDFC Bank, Ola, Zomato and Flipkart, among others as its customers.