HomeBusinessBIGO Technology to invest $100 million in India

BIGO Technology to invest $100 million in India

Reader's Pick

Singapore-based social media platform BIGO Technology on Monday announced an investment of over $100 million to expand its business in India in the next three years, creating nearly 1,000 jobs.

As part of the investment, the internet company will start a regional centre by the end of this year in the country that will create employment opportunities for more than 1,000 tech professionals.

According to Jason Hu, Chief Technology Officer, BIGO Technology, as India is the second-largest market for smartphones amid growing internet infrastructure and has a huge young population, the company has taken the decision.

“India will act as a complementary centre to Singapore’s Research and Development Centre. This step is the first-of-its-kind for BIGO, and a testament to the growing need for overseas centres as our user base grows,” Hu said in a statement.

- Advertisement -

With over 40 patents in VoIP/video-related technology and over 60 patents under the process of application, BIGO Technology is one of the major companies globally in the field of app development and publishing of apps.

The company, which has built a strong team of over 100 Artificial Intelligence (AI) experts and engineers, recently received series D funding of $272 million.

In addition to the India Centre, BIGO would open two more regional research centres – one in the US and another one in MENA-Europe region by the end of this year.

The company’s live-streaming app BIGO LIVE currently has a registered user base of 200 million globally.

- Advertisement -

Another short video app from the company called “LIKE” has hit 20 million daily active users around the globe.


Stay on top of Budget 2023 with our newsletter

We don’t spam! Read our privacy policy for more info.


Stay on top of Budget 2023 with our newsletter

We don’t spam! Read our privacy policy for more info.

- Advertisement -

Read latest Business News and Startup news on TechGraph. Watch live and latest news on TechGraph TV. Follow us on Facebook or follow us on Twitter and Instagram. Listen audio news from TechGraph Briefings on Spotify, Google Podcast, Amazon Music & on Apple Podcast.

Krishna Mali
Krishna Mali
Founder & Editor of TechGraph.

Latest News

Promoted Links

Related Stories

Japan approves 26 trillion yen as economic stimulus package to combat overseas risks

Japan's cabinet approved an economic stimulus package worth 26 trillion yen ($2...

1Win App: Review India Apk for Android and iOS

The company 1Win has been successfully operating in the markets of many countri...

Sino-US trade war offers Europe’s chance to bank more Chinese reserves: Analysis

Should European countries want the euro to replace the dollar as the world's do...

Employees union seeks FIR against Jet Airways boss Naresh Goyal, Vinay Dube and on SBI Chairman

The employee union of Jet Airways, which is facing its worst crisis, Friday sou...

Samsung Electronics asks its shareholders to use electronic voting for upcoming AGM

Technology giant Samsung Electronics has adopted electronic voting for the firs...

Rahul Gandhi hits on RCEP says, ‘Make in India’ has become ‘Buy from China’

Asserting that "Make in India" has become "Buy from China," Congress leader Rah...

NASA astronauts to carry first ever all-female spacewalk on 29 March

Two NASA astronauts are scheduled to carry out the first ever all-female spacew...

Union Budget 2023: Five Major Changes to the Personal Income Tax Regime

In a major announcement on income tax changes, the government has revealed five...

Business Technology Strategies to Help You Survive a Recession

There's no doubt about it – we're amidst a recession. And while that may mean c...

Lava launches “LAVA Pay”, an offline-based digital payment app

India-based multi-national handset maker Lava International has launched its of...