Hike crosses 35m user mark; raises $65m funding
Aug 27 2014 , New Delhi
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.