According to data from Tracxn, Hike, which launched in 2012, raised four funding rounds starting with a $7 million Series A in April 2013 from Bharti SoftBank. This was followed by a $14 million Series B in April 2014, also backed by Bharti SoftBank. In August 2014, the company secured $65 million in Series C funding from Tiger Global Management and Bharti SoftBank. By August 2016, it had reached Series D, raising $175 million from Tiger Global, Bharti SoftBank, Tencent, and Foxconn, valuing the firm at $1.4 billion.
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