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Posts Tagged ‘ Hike ’

Did Snapdeal, Ola, Grofers and Oyo just get a blank cheque from SoftBank?

Friday, October 14, 2016 | More »

The $100 billion-tech fund that SoftBank has just launched with Saudi Arabia’s sovereign fund Public Investment Fund (PIF) is good news for half a dozen Indian consumer internet companies including Snapdeal, Ola, Grofers, Housing, Hike and InMobi. Some of these firms are facing huge fund crunch as...

Kavin Bharti Mittal

We’re going to be playing an entirely different ball game in 2017, says Hike’s Kavin Bharti Mittal

Having entered the coveted $1-billion-club of startups in India, Kavin Bharti Mittal is more confident than ever about the success of his four-year-old startup Hike. In August, the messaging app raised $175 million (Rs 1,170 crore) from China’s Tencent Holdings Ltd, Taiwan’s Foxconn Technology G...

7 October, 2016 | More »


Flipkart crosses 100 mn registered user mark

Bangalore-based ecommerce major Flipkart claimed that it has crossed 100 million registered users, becoming the first ecommerce marketplace in India to reach the milestone, it said in a statement. Flipkart also claimed it is the first firm to reach the milestone in a single country outside the US an...

21 September, 2016 | More »


WhatsApp to share user data with Facebook

Popular messaging app WhatsApp Inc. has decided to share some data of its users with its parent, the social networking site Facebook Inc., in a move that may stoke privacy concerns. The decision to update WhatsApp’s privacy policy for the first time in four years is part of plans to test ways for ...

25 August, 2016 | More »


Kavin Bharti Mittal’s inspiration & philosophy in life

Kavin Bharti Mittal, one of the twins of Bharti Enterprises chairman Sunil Bharti Mittal, launched instant messaging mobile app Hike in 2012 that has come to command a valuation of $1.4 billion in just four years. Seen as one of the young and successful entrepreneurs of current times, Mittal graduat...

16 August, 2016 | More »


What Ola can learn from Didi Chuxing on its battle against Uber

Chinese cab-hailing firm Didi Chuxing, the main local competitor for Uber Technologies Ltd in China, has just raised an incredible $7.3 billion in fresh financing. The latest round brings DidiChuxing’s war chest to about $10.5 billion, against the $11.5 billion on Uber’s balance sheet. Q...

20 June, 2016 | More »


Housing.com missing in action as SoftBank lauds India portfolio

Japanese telecom and internet conglomerate SoftBank Group Corp has praised the performance of some of its portfolio companies in India while announcing its annual results for 2015-16 but remained silent on the troubled property portal Housing.com. While announcing the group’s earnings for the ...

11 May, 2016 | More »


WhatsApp is now available on desktop. Does the move target publishers?

Oh, Mark Zuckerberg! Has an app ever been expected to transform into a platform that’s simultaneously intimate and expansive? Not really. When Facebook acquired WhatsApp in 2014, the overwhelming reaction to the deal was: Why WhatsApp and for $19 billion? It appeared to be an incredulous and a...

11 May, 2016 | More »


Instant messaging app Hike hits 1B daily messages

Instant messaging app Hike claims that its users exchange one billion messages every day. Monthly usage on the Hike app increased by 50 per cent to 30 billion messages from 20 billion in October, Hike said in a press statement. “We got there quicker than we expected. The year still isn’t over an...

2 December, 2015 | More »

Hike hires senior Unilever and Amazon executives

Instant messaging app Hike has appointed Unilever executive Hemant Goyal as vice president of finance and Amazon’s Gautam Vohra as its general counsel. Goyal and Vohra will report to Kavin Bharti Mittal, founder and CEO of Hike Messenger, the company said in a statement. Goyal was the finance ...

27 October, 2015 | More »

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