India's SMS GupShup shop gets $12 million VC investment
Globespan Captial Partners, a US IT-focused firm, Charles River Ventures, a US early stage venture firm and Helion Venture Partners, an India-focused venture firm, jointly injected $12 million into SMS GupShup, India's largest social network operator.
Launched in April 2007, the site now has 26 million users in over 2 million SMS communities. According to the site operator, usage has doubled over the last six months, while the mobile subscriber base...
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