Hike Messenger introduced that it has raised a Collection D financing of over USD 175 Million in a brand new funding spherical led by Tencent Holdings Restricted and Foxconn Expertise Group valuing the corporate near USD 1.4 Billion. Present buyers Tiger, Bharti and the SoftBank Group additionally participated on this spherical. That is the fourth enterprise capital spherical and the most important to this point for Hike, taking the full funding to over USD 250 Million up to now.
Speaking about Tencent’s funding in Hike, Tencent President Martin Lau mentioned, “Hike deeply understands India; a extremely numerous market with many nuances. It’s on a mission synergistic to ours, which is to reinforce the standard of human life by means of web providers. With our funding, Hike will be capable of leverage our deep area experience within the messaging platform area to offer extra worth to its customers in India.”
Speaking about Foxconn’s funding in Hike, FIH Cellular CEO, Calvin Chih, mentioned, “Messaging platforms are the place customers and their social networks reside and signify vital funding potential, notably in a market like India, the place most individuals will entry the web for the primary time on their cellphones. As a number one supplier of mobiles expertise and Web of Issues options, FIH Cellular understands the worth that cell platforms, corresponding to Hike Messenger, convey to our enterprise portfolio and our technique for delivering cutting-edge merchandise and options that meet the wants of our clients and customers, enabling us to attain sustainable enterprise development. Hike with its hyperlocal technique is clearly the corporate of selection for us to co-invest with our companions, SoftBank and Tencent.”
Masayoshi Son, Founder, Chairman and CEO, SoftBank Group, the longest standing investor in Hike mentioned, “Hike is one in every of SoftBank’s finest performing portfolio corporations in India and we’re completely satisfied to have stayed invested in it from the start. The crew has reached an excellent scale in a brief span of three.5 years. As an investor, we share their imaginative and prescient and are completely satisfied that they’re transferring forward of their journey so shortly in a aggressive setting.”
Kavin Bharti Mittal Founder and CEO Hike Messenger, “I’m thrilled to announce this new milestone in our journey. Tencent and Foxconn each have pedigrees that talk for themselves and such an funding particularly in at present’s market simply goes to indicate the robust basis on which Hike is being constructed. The brand new fund increase goes to permit us to push Hike to better heights and spend money on areas that shall be key to our long run imaginative and prescient and success. I’m additionally equally excited to have our current shareholders Tiger, SoftBank and Bharti comply with on this spherical who proceed to indicate robust help in our long run imaginative and prescient. I need to say it’s an extremely thrilling time to be at Hike. Not solely can we get to get up each morning on a regular basis figuring out that our work will impression thousands and thousands of individuals, we now even have two unimaginable new companions to try this with, as we additional our mission to convey India on-line.”
Hike additionally has a roster of among the most distinguished individuals within the expertise area as angel buyers corresponding to Adam D’Angelo, Founder and CEO, Quora; Aditya Agarwal, Vice President Engineering, Dropbox; Ruchi Sanghvi, erstwhile Vice President, Operations, Dropbox and Matt Mullenweg, Founder and CEO of Automattic Inc. and Co-Founder, WordPress.
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