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Posts Tagged ‘ Hike Ltd. ’

Kavin Mittal gets 24-fold hike in FY16

Friday, January 20, 2017 | More »

Kavin Bharti Mittal, founder, Hike
Kavin Bharti Mittal, CEO at Hike Ltd, received an almost 24-fold increase in compensation for 2015-16, as the messaging app expanded its operations and attracted marquee investors. Mittal received total remuneration of Rs 18.28 crore for the year through March 2016, according to the company’s annu...

Kavin Bharti Mittal, founder, Hike

Hike: Revenue Rs 42 lakh in FY16, valuation $1.4 bn

Hike Ltd, the messaging app operator that touched $1.4 billion in valuation last year, started earning revenue in 2015-16 but its bottom line worsened as it burnt more cash than ever. The four-year-old company reported revenue from operations of Rs 42.32 lakh for the year through March 2016, accordi...

6 January, 2017 | More »


Messaging app Hike joins unicorn club after raising $175 mn

Messaging app Hike Ltd has raised $175 million (Rs 1,170 crore) from China’s Tencent Holdings Ltd, Taiwan’s Foxconn Technology Group and other investors in a round that propelled it to the elite list of unicorns, or private companies valued at least $1 billion. Existing investors Tiger Global, J...

16 August, 2016 | More »


Hike appoints ex-Motorola exec Rajesh Rudraradhya as engineering head

Hike Messenger, the instant messaging app backed by Bharti Softbank (BSB) – the joint venture between Bharti Group and Japan’s Softbank, has appointed Rajesh Rudraradhya as its vice president and head of engineering. Rudraradhya has spent more than a decade in the Silicon Valley, working for com...

15 February, 2016 | More »


Hike claims to have over 100M users

Hike, the instant messaging app backed by Bharti Softbank (BSB) – the joint venture between Bharti Group and Japan’s Softbank, claims to have crossed the 100-million-user mark, and is now logging a monthly messaging volume of 40 billion. The app, which was launched in December 2012, has achi...

22 January, 2016 | More »


Dropbox, WordPress founders back instant messaging app Hike

Instant messaging app Hike has raised an undisclosed amount in funding from Quora founder Adam D’Angelo and WordPress founder Matt Mullenweg. Senior Dropbox executives Aditya Agarwal and Ruchi Sanghvi also participated in this round, Hike said in a statement. “It’s quite clear that messa...

12 January, 2016 | More »


Hike adds feature to allow file sharing without internet

Instant messaging app Hike has launched a new feature that will enable users to share files without an internet connection in a 100-metre radius. The new feature, named Hike Direct, allows users to send pictures, stickers, files and messages at a speed of up to 40Mbps with low latency. It is being r...

9 October, 2015 | More »


Coupon app Hoppr integrates with TMG under Hike

App service Hike Messenger today announced the integration of coupon app Hoppr and gaming app Tiny Mogul Games (TMG) under the brand Hike. Hike Messenger is founded by Kavin Bharti Mittal, son of Bharti Enterprises chairman Sunil Bharti Mittal. With the integration, Hike is looking at bringing high ...

13 August, 2015 | More »