India’s homegrown messaging app HIKE gets New round of funding

Posted by | 16/08/2016 | Business, News, Startup, Technology

India’s homegrown messaging app HIKE gets New round of funding

India’s homegrown messaging app HIKE gets New round of funding

Hike, the Indian startup battling the might of WhatsApp and Facebook Messenger, today announced US$175 million in series D funding, according to CEO Kavin Mittal talking to Bloomberg.

The messaging app’s newest funding is from China’s Tencent – maker of WeChat – and Foxconn, with previous investors Tiger Global, SoftBank, and Bharti Enterprises also contributing.

Kavin, 28, is the son of Indian billionaire Sunil Mittal, the Bharti Enterprises chairman and owner of the Bharti Airtel telco.

The sizable new investment values Hike at almost $1.4 billion, says the Delhi-based startup. That makes it a new “unicorn” – a startup valued at a billion dollars or more.

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India’s homegrown messaging app HIKE gets New round of funding
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Hike, the Indian startup battling the might of WhatsApp and Facebook Messenger, today announced US$175 million in series D funding, according to CEO Kavin Mittal talking to Bloomberg.The messaging app’s newest funding is from China’s Tencent – maker of WeChat – and Foxconn, with previous investors Tiger Global, SoftBank, and Bharti Enterprises also contributing.
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