Hike crosses 35m user mark; raises $65m funding

Tags: News
Instant messaging application hike messenger today said it has crossed the 35 million user mark and is handling over 10 billion messages and 3 billion stickers per month.

Hike, a joint venture between Bharti Enterprises and SoftBank Corporation, has also raised $65 million, its biggest round of funding yet. The funding is led by Tiger Global, a New York based investment firm and followed by Bharti SoftBank.

Lee Fixel from Tiger Global will be joining its board.

"This is a big milestone for us. We've almost doubled our user base, adding 15M users in the last 2 months itself. With the new investment we're going to double down. We now have the ammo to tackle the more audacious items on our list," Hike Founder and CEO Kavin Bharti Mittal said.

The company said over 50 per cent of the users are active on the platform on a monthly basis and over 90 per cent users are from India of which, over 80 per cent are below 25 years of age.

"Kavin and his team have built India's fastest growing mobile app and have an ambitious vision of bringing India's one billion potential mobile Internet users online through their messaging platform," Tiger Global Management Partner Lee Fixel said.

EDITORIAL OF THE DAY

  • Reservations, along with economic subsidies, must go to get India moving

    A young man, in his early twenties, starts an agitation demanding reservation for the community he represents.

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

Sarthak Raychaudhuri

vice-president, HR, Asia South Whirlpool of India

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

TODAY'S COLUMNS

Urs Schoettli

The China story isn’t over yet

China’s financial markets are currently in the eye of a ...

Anuja Sharma

Love yourself to love others

“There are two basic motivating forces: fear and love. When ...

Gautam Gupta

It's a 'blog eat blog' world out there

Let me tell you, fashion journalism has truly taken the ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture