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Unicorn's four big bets

India's home-grown instant messaging platform is riding high but its real challenge - revenue stream - begins now

Sangeeta Tanwar 

India's home-grown instant messaging platform Hike appears to have hit the sweet spot by raising $175 million led by the Chinese internet giant Tencent, the company credited with pioneering messaging with WeChat.

The Series D round values the four-year-old start-up at $1.4 billion, making it the country's latest technology unicorn. Having ticked all the right boxes towards its journey to becoming a unicorn, the big question now is, can Hike emerge as a formidable competitor and break the monopoly of Facebook-backed WhatsApp? Going by the enthusiasm and well chalked out business ...

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First Published: Mon, August 29 2016. 00:10 IST