Webaroo Raises A $10 Million Round For SMSGupShup (://URLFAN)

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Webaroo Raises A $10 Million Round For SMSGupShup

Post Date: Jul 05, 2008 3:30 p.m.
Ranked website: buzzya.com (Ranks #80568 of 2,815,144)

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Webaroo Technology has confirmed a $10 million round of funding for their product SMSGupShup , an SMS-based community site in India. The round, the third for the company, was co-led by Helion Venture Partners and Charles River Ventures. SMSGupShup is a community site that enables users to join groups according to their interests and receive updates through their mobile phones via SMS. Very similar to Twitter, in that you can send and receive mobile updates to your friends, family and other group members ( without the downtime ). SMSGupShup has over 7 million subscribers and 300,000 publishers. They see a much lower proportion of web visitors as there mobile phones outnumber computers almost 7 to 1. While Twitter is mostly used for casual communications and notifications, SMSGupShup is used for services that are critical to a lot people. For example, fishermen can receive tide and weather information, and people can pass along emergency information to locals wh...

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