hi Inc Valuation, Funding & Investors

hi Inc is valued at $500M as of September 2016.

Last hi Inc valuation

$500M

Undisclosed stage · Sep 2016

Last hi Inc funding round

$125M

Undisclosed stage · Sep 2016

Cumulative funding hi Inc raised

$160M

across 3 funding rounds

Key investors in hi Inc

  • FIH Mobile
  • Sinovation Ventures
  • Wensheng Cai
  • TCL Communication

hi Inc Overview

About hi Inc

hi Inc is a Hong Kong-based travel technology company that operated an integrated platform spanning travel content, booking tools, hotel services, destination information, and data intelligence across more than 80 countries. It was known for the handy smartphone, a complimentary connectivity device supplied to hotel guests and deployed across more than 1,000 properties worldwide. The company maintained offices in Hong Kong, Singapore, Shenzhen, London, Tokyo, Milan, and Taiwan.


Founded

2012

HQ

Hong KongHong Kong

Website

hiinc.com

Status

Privately held

Customer focus

B2B

Revenue model

Product sales, Subscription

Valuation

$500M (Sep 2016)

hi Inc Valuation

hi Inc is currently valued at $500M, based on its undisclosed-stage round in September 2016.

The $125M round was led by FIH Mobile, with participation from Sinovation Ventures and Wensheng Cai.

hi Inc valuation by funding round

hi Inc valuation by funding round
DateStageValuation
Sep 2016Undisclosed stage$500M

hi Inc Funding History

hi Inc has raised a total of $160M across 3 funding rounds.

hi Inc's first fundraising round was a $22M strategic investment round in August 2014. The most recent completed round was a $125M undisclosed-stage round in September 2016.

hi Inc funding rounds

hi Inc funding rounds
DateStageInvestorsRaisedValuation
Sep 2016Undisclosed stageFIH Mobile (lead); Sinovation Ventures; Wensheng Cai$125M$500M
Nov 2015Series AFIH Mobile (lead)$13M-
Aug 2014Strategic investmentTCL Communication (lead)$22M-

Who has invested in hi Inc?

4 investors have backed hi Inc across its funding rounds, including FIH Mobile, Sinovation Ventures, Wensheng Cai and TCL Communication.

Lead investors include FIH Mobile and TCL Communication.


hi Inc Investors

Investors in hi Inc by funding rounds participated
InvestorHQRoundsRoleFirst check
FIH MobileChinaLangfang2LeadNov 2015
TCL CommunicationChinaGuangdong1LeadAug 2014

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Acquisitions by hi Inc

hi Inc has acquired 1 company to date.

Last acquisition by hi Inc was on November 8th 2016. hi Inc acquired LUXOS Italia for undisclosed valuation.


Latest Acquisitions by hi Inc

LUXOS Italia
Description
-
HQ CountryItaly
HQ City
-
Deal Date8 Nov 2016
Valuationundisclosed
EV/Revenue
EV/EBITDA

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hi Inc Competitors

hi Inc competitors include listed companies like eDreams ODIGEO, trivago and Ixigo, and private ones like TripFactory, Qyer.com and SMARTSCORE.

Public and private companies comparable to hi Inc
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
TripFactoryIndiaBangalorePrivate--$500M-
eDreams ODIGEOSpainSpainPublicly listed$770M$161M$517M1.1x
trivagoGermanyGermanyPublicly listed$632M$13M$460M0.5x
Qyer.comChinaBeijingPrivate--$458M-
SMARTSCORESouth KoreaSeoulPrivate--$688M-
IxigoIndiaIndiaPublicly listed$128M$8M$736M4.5x

hi Inc Public Comps

hi Inc is still privately-owned, but its public comps include Thomas Cook India, Risma, eDreams ODIGEO, Rainbow Tours, trivago, Issta, H.I.S. Group, Lion Travel Service Co., Escar and Movida.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Thomas Cook India$858M$45M0.4x0.4x7.4x7.1x
Risma$172M$70M4.1x-10.1x-
eDreams ODIGEO$770M$161M1.1x1.1x5.4x5.3x
Rainbow Tours$1.2B$89M0.4x0.4x5.3x5.5x
trivago$632M$13M0.5x0.5x24.3x10.9x
Issta$193M$84M7.0x-16.2x-
H.I.S. Group$2.4B$125M0.4x0.4x8.2x7.1x
Lion Travel Service Co.$942M$72M0.2x-3.2x-

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Common questions about hi Inc

When was hi Inc founded?hi Inc was founded in 2012.
Where is hi Inc headquartered?hi Inc is headquartered in Hong Kong, Hong Kong.
Is hi Inc publicly listed?No, hi Inc is a private, VC-backed company.
What is hi Inc's valuation?hi Inc was last valued at $500M in its undisclosed-stage round in September 2016.
How much funding has hi Inc raised?hi Inc has raised $160M across 3 funding rounds.
What was hi Inc's last funding round?hi Inc's last funding round was a $125M undisclosed-stage round in September 2016, led by FIH Mobile.
Who are hi Inc's investors?hi Inc's investors include FIH Mobile, TCL Communication, Sinovation Ventures and Wensheng Cai.
Which companies are comparable to hi Inc?Companies comparable to hi Inc include TripFactory, eDreams ODIGEO, trivago, Qyer.com, SMARTSCORE and Ixigo.
How many companies has hi Inc acquired?hi Inc has acquired 1 company, including LUXOS Italia.

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