Gupshup Achieves Remarkable Milestones with FY23 Revenues Surpassing INR 1,500 Cr and INR 49 Cr Profit

The Digital Frontier – Gupshup’s FY23 Success Marks a Paradigm Shift in Conversational Engagement Platforms

San Francisco-based unicorn, Gupshup, soars to new heights with a 43% surge in operating revenue.

In a significant achievement, Gupshup, the renowned conversational engagement platform, has reported remarkable financial results for the fiscal year ending March 31, 2023. The unicorn, valued at $1.4 billion, has witnessed a substantial 43% increase in operating income, crossing the INR 1,500 Cr mark.

Key Highlights:

  1. Operating Income Surges: Gupshup’s operating income for FY23 stands at an impressive INR 1,618.5 Cr, showcasing a substantial 43% growth from the INR 1,132.1 Cr reported in the previous fiscal year (FY22).
  2. Profitability on the Rise: The unicorn’s net profit has seen a commendable 23% increase, reaching INR 49.2 Cr in FY23, up from INR 39.9 Cr in FY22.
  3. India-Centric Revenue: Approximately 75% of Gupshup’s total revenue is attributed to its business operations in India, underscoring its robust presence and success in the domestic market.
  4. Diverse Revenue Streams: Gupshup’s revenue streams are multifaceted, encompassing income from mobile messaging services, mobile advertising via text messages, and software development charges.
  5. Global Messaging Giant: Founded in 2004 by Beerud Sheth, Gupshup has evolved into a global messaging powerhouse, facilitating over 10 billion messages each month. The platform has played a pivotal role in enabling seamless conversations between businesses and customers.
  6. Impressive Clientele: Gupshup’s clientele boasts esteemed names such as Kotak Mahindra Bank, IndusInd Bank, HDFC Bank, Ola, Zomato, and Flipkart. These partnerships underline the platform’s credibility and its integral role in serving diverse industries.

Gupshup’s success story underscores the growing demand for conversational engagement platforms in an increasingly digital world. As businesses seek innovative ways to connect with their audience, Gupshup’s robust performance positions it as a key player in the evolving landscape of mobile messaging and engagement solutions.

The unicorn’s focus on diverse revenue streams, coupled with its expanding global footprint, positions Gupshup for sustained growth in the competitive market. As it continues to empower businesses with cutting-edge communication solutions, Gupshup’s FY23 financial results are a testament to its resilience and strategic vision in an ever-changing digital landscape.

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