Singapore based social media platform BIGO Technology has announced an investment of over ₹700 crore ($100 Million) to expand its business in India in next three years and creating nearly 1000 jobs for tech professionals.
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. It has a strong team of over 100 Artificial Intelligence (AI) experts and engineers and recently received series D funding of ₹1900 crores ($272 Million).
Chief technology officer Jason Hu said: “We have set our sights on expanding into India as the first region of three. India will act as a complementary centre to Singapore’s research and development centre. This bold step is the first of its kind for BIGO, and a testament to the growing need for overseas centres as our user base grows.”
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. This will create cross-country learning opportunity for both Singaporean and Indian employees.
BIGO owns live streaming platform BIGO Live, which allows you to watch live videos, broadcast your life, video chat with your friends and make new friends globally. It currently has a presence in Southeast Asia, South Asia and the Middle East.
The company’s live-streaming app BIGO LIVE currently has a registered user base of 200 million globally. Another short video app from the company called “LIKE” has hit 20 million daily active users around the globe.