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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.

By Ewan

Ewan is Founder and Editor of Mobile Industry Review. He writes about a wide variety of industry issues and is usually active on Twitter most days. You can read more about him or reach him with these details.

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