Singapore based Internet company Bigo Technology said that it will invest over $100 million for its business in India over a span of next three years. The company plans to start its regional centre in India with 1000 tech professionals.
Bigo deals in app development and publishing of apps. The company claims to have 40 patents in VoIP/Video related technology and over 60 patents are under the process of application.
Jason HU, CTO, Bigo Technology said that India being the second largest market for smartphones, the growing Internet infrastructure and the blooming young population are the three key points to make this decision.
The company informed that it will start its regional centre in India and will be creating employment opportunities to more than 1000 tech professionals.
Bigo Technology had recently received series D funding of $272 million in June 2018. The company said it has a strong team of over 100 AI experts and engineers.
In addition to expand their reach, Bigo said it is about to open two more regional research centres – one in the USA and another one in MENA – Europe region by the end of this year.