Investments, News

#Fundingwire – Hike Closes $175M at $1.4B Valuation; Oyo Raises Rs 423Cr & More

Shown Above: Kavin Bharti Mittal, Founder, Hike Messenger

Shown Above: Kavin Bharti Mittal, Founder, Hike Messenger

#Fundingwire is your dose of notable investment announcements in the technology ecosystem. Firms which have recently raised investment include Oyo, Hike, Salebhai and ZappFresh

Messaging App Hike Raises $175M Led By Tencent & Foxconn

New Delhi-based messaging app Hike has raised $175 million in Series D round of investment. The round which was led by Tencent and Foxconn values the firm at $1.4 billion. Existing investors Tiger Global, Bharti Group and SoftBank also participated in the round.

Hike was founded in 2012 by Kavin Bharti Mittal. It claims to have over 100 million registered users in India. It is in competition with Whatsapp and Tencent owned WeChat. Read More

Oyo Raises Rs 413Cr from SoftBank

Budget hotel aggregator Oyo has raised Rs.413 crore in a fresh round of investment from SoftBank.

Gurgaon-based firm was founded by Ritesh Agarwal in 2013. Excluding the new round, till date it had raised $125 million. The company was reportedly looking to buy back shares from some of its investors. Read More

Salebhai Raised $1.5M from Times Group’s Brand Capital

Ahmedabad-based eCommerce portal for regional-made goods Salebhai has raised $1.5 million in advertisement capital from Times Group’s Brand Capital. Brand Capital has taken up minor equity against advertisement campaigns in Times Group’s media properties.

Salebhai was launched in September 2015 by Vishwa Vijay Singh, Purba Kalita and Pramod Rao. It provides consumers an option to buy goods such as sweets, handicrafts etc made locally in different regions in the country. Read More

Raw Meat eTailer Zappfresh Raises Investment

Gurgaon-based online startup for raw meat Zappfresh has raised an undisclosed amount of investment from two investors. The investment will be used to grow the team and operations.

Zappfresh was founded in July 2015 by Deepanshu Manchanda and Shruti Gochhwal. It sources fresh meat from local farms and claims to deliver about 12,000 orders a month. Read More

Image Credit: Techmoran

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