08 June 2018, India:
Social media platform Bigo Technology has raised $272 million in Series D round of funding. The funding round was led by YY Inc.
The company will use the fresh capital to strengthen their R&D platform and penetrate further globally, especially in India.
Bigo Technology operates BIGO LIKE. BIGO LIKE is a short video editing and sharing platform. The company recently announced an initiative named ‘Million Dollar Talent Hunt’ that aims at enabling the budding talents to combine their skills and their talent to gain global attention.
“With the current funding we aim to strengthen our platform and increase our consumer reach. India is a significant market for us and we aim to expand and also hire great talents in technology space and also content creators. We have started Million Dollar Talent Hunt in India on LIKE to look for unique content creators. Indian youth have great potential and we are receiving and overwhelming response for our talent hunt,” said Aaron Wei, Global Vice President of LIKE.
Bigo Technology was founded in 2016. It has created several video-based global online communities such as Bigo LIVE, CubeTV, Hello Yo and Bigo LIKE for tech savvy young users across the world.
(Image – Republic World)