At the point when informing application Hike raised $175 million from WeChat guardian Tencent and Foxconn on Tuesday, it turned into the speediest Indian tech startup to accomplish the billion dollar “Unicorn” valuation.
The New Delhi-based startup took 3 years and 8 months to cross the $1 billion valuation turning point, with a valuation of $1.4 billion.
In examination, India’s most esteemed tech organization Flipkart took five years to achieve the unicorn status, while India’s biggest taxi aggregator Ola took around four and half years to achieve the point of reference.
Likewise, India’s first flood of Internet organizations that incorporates Info EdgeBSE – 0.84 % and MakeMyTrip took anyplace between 10 years – 15 years to achieve this turning point while the IT business major InfosysBSE – 0.31 % took around 18 years to cross the breakthrough, according to the organization’s yearly filings.
All things considered, it can be contended that these private valuations are a vanity metric and doesn’t decide the genuine estimation of the organizations dissimilar to open business sector estimations of organizations like Infosys, MakeMyTrip and Info Edge.
Here’s a speedy take a gander at the excursion of Indian tech organizations to unicorn status.