Messaging firm Gupshup raises $240 mn from existing and new investors

Conversational messaging firm Gupshup has raised an additional $240 million in follow-on funding from a clutch of investors including Fidelity Management and Research Company LLC, Tiger Global, Think Investments, Malabar Investments, Harbor Spring Capital, certain accounts managed by Neuberger Berman Investment Advisers LLC, White Oak, Neeraj Arora and others.

This funding round follows the $100 million raise from Tiger Global in April, at a $1.4 billion valuation. Gupshup's valuation remains unchanged post the current round.

Gupshup will use this investment to continue executing its vision and for secondary purchase of shares from current and former employees as well as prior