Tiger Global leads $65m round for India’s Hike


india 2US investment firm Tiger Global has led a $65m round for Indian messaging app Hike to help fund product development and hire new staff.

Existing backer Bharti SoftBank, which is a joint venture between Indian group Bharti Enterprises and Japan’s SoftBankCorp, also participated in the round.

Hike currently has more than 35 million users, 90 per cent of which are in India.

Earlier this year AltAssets reported that Tiger Global had raised $1.5bn for its new technology investment fund.

Last year the firm partnered with Silicon Valley venture capital firm Kleiner Perkins Caufield & Byers to to invest $60m in social network Nextdoor.

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