India's WhatsApp rival Hike raises $175M led by Tencent at a $1.4B valuation
India has a new tech unicorn.Hike, a four-year-old messaging app, today announced that it has closed $175 million in funding led by new investors Chinese internet giant Tencent and manufacturing firm Foxconn.The Series D round values the company at $1.4 billion, founder and CEO Kavin Bharti Mittal confirmed to TechCrunch.
India's WhatsApp Rival Hike Valued at $1.4 Billion
NEW DELHI—Indian messaging app Hike Ltd. has raised $175 million in a fundraising round led by Chinese internet giant Tencent Holdings Ltd. and Taiwanese electronics assembler Foxconn Technology Group.The new investment values the homegrown app, a rival to Facebook Inc.'s WhatsApp, at about $1.4 billion, Kavin Bharti Mittal, Hike's founder and...
China's Tencent invests in India's Hike to take on WhatsApp
Facebook may have a new India problem.SEE ALSO: This Indian carrier shows Facebook how to give free Internet to usersWhatsApp's India rival Hike has raised $175 million in funding at a valuation of about $1.4 billion in a Series D round led by China's Tencent and Foxconn, making it the latest tech "unicorn" in the country.Hike was founded by Kavin Bharti Mittal, the scion of Bharti Enterprises, which also owns India's largest telecom service provider, Bharti Airtel.
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