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Tech: Messenger app Hike raises USD 175 mn by funding
- Updated: August 16, 2016
Instant follower app Hike on Tuesday announced that it lifted financing of over 175 million led by Chinese association Tencent Holdings and Taiwanese electronic production association Foxconn Technology Group.
This has led to a value of a association amounting to tighten to around 1.4 billion, with existent investors Tiger, Bharti and SoftBank also participating in this round.
“Tencent and Foxconn both have pedigrees that pronounce for themselves and such investment shows a clever substructure on that Hike is being built. The new fund-raise is going to concede us to pull Hike to larger heights and deposit in areas that will be pivotal to a long-term prophesy and success,” pronounced Hike Founder and CEO Kavin Bharti Mittal during an eventuality hold here.
This is a fourth try collateral turn and a biggest to date for Hike, holding a sum investment to over some-more than 250 million.
The association pronounced it will be investing a lifted account in improving a record of a app as good as for improved service.
Talking about end-to-end encryption, Mittal pronounced they were formulation to deliver it shortly and were in talks with a government.