The Smart Techie was renamed Siliconindia India Edition starting Feb 2012 to continue the nearly two decade track record of excellence of our US edition.
March - 2010 - issue > Venture Beat
SMS GupShup bags Globespan’s Indian investment debut
Deepika Cariappa
Confirming the news, Beerud Sheth, CEO of SMS GupShup said, “Globespan Capital was impressed with the community and infrastructure that we’ve built, our revenue trajectory and the world-class team we’ve put together in Mumbai.” With this round, Venky Ganesan, Managing Director of Globespan Capital Partners, joins the SMS GupShup Board. Ganesan justified the investment saying, “SMS GupShup is bringing social messaging to the mobile masses. It is on track to be the next big global, social, mobile play.”
On being asked how he plans to use the funds, Beerud Sheth said, “We intend to deploy the funds to accelerate growth and expand our operations globally, to make our products useful to each of the four billion mobile subscribers worldwide. We’ll continue to invest in human resources as well as scaling our infrastructure.”
Launched in April 2007SMS GupShup, sometimes referred to as India’s Twitter, claims to be the world’s largest social SMS service that allows users to communicate and connect with family, friends and fans using mobile handsets.
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