Gupshup acquired DI-backed Active.Ai, the Leading Conversational AI Platform for Banks and Fintech Companies
In June 2022, Gupshup, an US unicorn and a global leader in conversational engagement, completed the acquisition of Active.Ai, a Dream Incubator (DI)’s investee and the leading Conversational AI platform used by banks and Fintech firms.
Headquartered in Singapore, Active.Ai serves BFSI customers across 43 countries with a Conversational Banking as a Service (CBaaS) platform that helps clients engage with millions of consumers every month.
DI invested in the company in 2017 with Kalaari Capital, Vertex Ventures, Chiratae Ventures and others, and, since then DI made strategic introductions of Japanese fintech companies and potential business partners to Active.ai in its five-year long fruitful association. DI fully exited with positive returns from this acquisition.
Gupshup enables better customer engagement through conversational messaging. Gupshup is the leading conversational messaging platform, powering over 7 billion messages per month. Across verticals, thousands of large and small businesses in emerging markets use Gupshup to build conversational experiences across marketing, sales and support. Gupshup’s carrier-grade platform provides a single messaging API for 30+ channels, a rich conversational experience-building tool kit for any use case and a network of emerging market partnerships across messaging channels, device manufacturers, ISVs and operators. With Gupshup, businesses have made conversations an integral part of their customer engagement success. Gupshup is present across the world in regions like India, Latin America, Eastern Europe, Southeast Asia, the Middle East and the United States. Visit www.gupshup.io for more.
About Dream Incubator
Dream Incubator (DI) is a Japanese consulting practice and VC fund headquartered in Tokyo. Globally, an experienced VC fund with 200+ investments across Japan, US, India, South East Asia, China, of which 30+ companies have gone for IPO. DI started investing in India in 2015 and has a portfolio of 30 companies across fintech, consumer internet, healthtech, insurtech, gaming, media & entertainment sectors. Some of the portfolio companies include Pharmeasy, Purplle, Turtlemint, Moneyview, Koo, Healthifyme, Medfin, Onco, Niramai, etc. To know more about DI, its investment thesis and portfolio companies, please visit https://www.dreamincubator.com/in/