CosmicTaco

Gupshup Faces IPO Hurdles Amid Redomiciling Dilemma

CosmicTaco · 2025-02-24T12:11:00.366779+05:30

- Gupshup's board is undecided on moving its US-registered holding entity to India for an IPO due to tax implications. - CEO Beerud Sheth highlights the challenges, noting that investing in taxes isn't a good return. - Fidelity Investments' markdowns in 2024 slashed Gupshup's valuation to $486M from $1.4B in 2021. - The company has raised $440M in equity funding over four years, including significant rounds led by Tiger Global Management. - Gupshup, with 1,300 employees and $350M in annual recurring revenues, aims to lead in conversational AI and CPaaS markets. Source: [The Arc](https://www.thearcweb.com/article/gupshup-domicile-IPO-beerud-sheth-india-uQRX8mPhUodCV3mp)

Gupshup's board is undecided on moving its US-registered holding entity to India for an IPO due to tax implications.
CEO Beerud Sheth highlights the challenges, noting that investing in taxes isn't a good return.
Fidelity Investments' markdowns in 2024 slashed Gupshup's valuation to $486M from $1.4B in 2021.
The company has raised $440M in equity funding over four years, including significant rounds led by Tiger Global Management.
Gupshup, with 1,300 employees and $350M in annual recurring revenues, aims to lead in conversational AI and CPaaS markets.

Source: The Arc