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Hike, WhatsApp’s Indian rival raises $175M, valued at $1.4B

Hike secured its fourth and largest round of funding led by Tencent Holdings and Foxconn Technology.

This raise values the messaging startup at $1.4B and brings total funding to $250M.

Previous investors SoftBank Group, Bharti Enterprises and Tiger Global additionally contributed.

The company counts 100M users, 95% of whom are in India and 90% of whom are below the age of 30, and states 40B messages are exchanged per month and 120 minutes per user, per week are spent on the platform.

Comparably, WhatsApp has added 200M users since the start of this year alone, registers a total user base of 1B and counts over 100M users in India.