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.

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.

EDITORIAL OF THE DAY

  • India’s festivals teach us to share our wealth and joy

    India is an aporia in its own true sense.

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

Chander Mohan Sethi

CMD, Reckitt Benckiser India

COLUMNIST

Tushar Gandhi

Sustainable model for rural sanitation

Prime minister Narendra Modi has promised to build a toilet ...

Zehra Naqvi

How smells evoke strong memories

Remember that time when a passing fragrance transported you to ...

Dharmendra Khandal

Indian zoos need a fresh approach

Recently, when a man jumped in a tiger trench of ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture