Gupshup becomes sixth unicorn this week, raises $100 mn from Tiger Global

Announcement came shortly after Mohalla Tech, parent firm of short video app Moj and Indic language social media platform ShareChat, said it had raised $502 mn, valuing it over $2.1 billion

Its raining unicorns in India. Not the mythical animal, but firms whose valuations have crossed the $1 billion mark. the latest to join the coveted "unicorn club" is conversational messaging platform Gupshup.

The firm, which works in the enterprise messaging space, said Thursday it had raised $100 million in funding from Tiger Global Management, at a valuation of $1.4 billion.

The announcement came shortly after Mohalla Tech, the parent firm of short video app Moj and Indic language social media platform ShareChat said it had raised $502 million from Lightspeed Ventures and Tiger Global, along with participation from Snap Inc,