For Hike to win, WhatsApp doesn't have to lose: Kavin Bharti Mittal
New Delhi: As Hike became the 10th Indian start-up to hit a valuation of at least $1 billion, founder and chief executive Kavin Bharti Mittal spoke in an interview about raising money from WeChat's owner Tencent and Taiwan's Foxconn.Mittal also spoke about deployment of the funds, possible synergies with Tencent and competition with WhatsApp.Edited excerpts:What are the factors that helped you in raising the money?
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...
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