Indian messenger app Hike has raised $175 million from Chinese Internet giant Tencent Holdings Ltd and Foxconn Technology Group of Taiwan..AZB & Partners acted for Hike through a team headed by Partner Rachit Bahl and including Senior Associates Rohan Bagai, Tanvi Sinha and Varun Lamba, as well as Associates Atima Mukherjee, Shagun Badhwar and Shobhika Upadhyay..Latham & Watkins acted as counsel for Tencent, through Associate Julia Dai. Sidley Austin LLP represented Foxconn through Foreign Legal Consultant Vivek R Baid..Platinum Partners acted as the Indian legal counsel for both Tencent Holdings and Foxconn Technology Group. The Platinum team was led by Partner Gaurav Desai..According to Livemint, with this fund raise, Hike becomes the 10th Indian unicorn – a start-up valued at more than $1 billion – after the likes of Flipkart, Snapdeal, Paytm, Zomato and Ola.
Indian messenger app Hike has raised $175 million from Chinese Internet giant Tencent Holdings Ltd and Foxconn Technology Group of Taiwan..AZB & Partners acted for Hike through a team headed by Partner Rachit Bahl and including Senior Associates Rohan Bagai, Tanvi Sinha and Varun Lamba, as well as Associates Atima Mukherjee, Shagun Badhwar and Shobhika Upadhyay..Latham & Watkins acted as counsel for Tencent, through Associate Julia Dai. Sidley Austin LLP represented Foxconn through Foreign Legal Consultant Vivek R Baid..Platinum Partners acted as the Indian legal counsel for both Tencent Holdings and Foxconn Technology Group. The Platinum team was led by Partner Gaurav Desai..According to Livemint, with this fund raise, Hike becomes the 10th Indian unicorn – a start-up valued at more than $1 billion – after the likes of Flipkart, Snapdeal, Paytm, Zomato and Ola.
