SMS GupShup, a social SMS service that allows users communicate and connect with family, friends and fans using mobile handsets, has raised $12 million in Series D venture financing round. This latest funding round is led by by Globespan Capital Partners with existing investors Charles River Ventures and Helion Venture Partners participating in the round. Full story

SMS GupShup is a social messaging platform launched in 2004, at a time when SMS was only used for person-to-person (P2P) messaging and content players were selling ringtones and wallpapers to mobile subscribers. Full story