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.
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.
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