BIGO to invest $100 million in India

BIGO Technology, a Singapore based internet company, is planning to expand its operations to India as well as investing around $100 million in India. It currently has its existence in Southeast Asia with live streaming platform BIGO live and video editing and sharing platform LIKE.

With its footstep in India, BIGO will have 20 regional offices and 4 regional centres by 2019.

BIGO live raised $272 million in 2018 in Series D funding from NASDAQ-listed YY Inc. The firm had earlier raised an undisclosed Series C round in March 2017, led by Ping An Overseas holdings and joined by YY. BIGO Live’s valuation was more than $400 million during the Series C fundraising.

Elvis Gomes