After big-ticket fundraise, Hike open to acquisitions in machine learning, AI

August 17, 2016:   As Hike became the 10th Indian start-up to hit a valuation of at least $1 billion, founder and chief executive Kavin Bharti Mittal spoke in an interview about raising money from WeChat’s owner Tencent and Taiwan’s Foxconn. Mittal also spoke about deployment of the funds, possible synergies with Tencent and competition with WhatsApp. Edited excerpts: What are the factors that helped you in raising the money? I think the product did well—it starts there. We are a great team working at Hike. Tencent and Foxconn saw that very clearly. I think we are the only true tech company in this country. We have no warehousing, no logistics, nothing; we are fighting our battles on tech and product. The fact that we made so much progress in the…


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