SMS GupShup, India's Twitter, gets $11m funding

Credit crunch? What credit crunch?

SMSGupShup, India’s equivalent of Twitter, has just taken $11m from Helion Ventures and Charles River Ventures, to help grow and develop the business (reports Silicon India).

This good news for the SMSGupShup team and for the mobile industry as a whole. The growth of mobile in the emerging markets is simply staggering. The intent with GupShup is to capitalise on contextual mobile advertising demand.

We’ll keep an eye on them. Meanwhile, congratulations to the company’s co-founders Rakesh Mathur and Beerud Sheth.