Hike

Get the latest news & updates on Hike in India’s startup ecosystem. Stay ahead with the latest news, funding & acquisition alerts, financials and business updates about Hike

28% GST Shakes Hike’s Boat: Gaming Startup Lays Off 100 Employees
News

28% GST Shakes Hike’s Boat: Gaming Startup Trims 22% Workforce

Web3 gaming startup Hike has become the newest casualty of the union…
10th August, 2023
Hike Posts 107X Jump In Operating Revenue In FY22 After Pivot To Gaming; Loss Narrows 7%
News

Hike Posts 107X Jump In Operating Revenue In FY22 After Pivot To ...

The Indian entity of social media startup Hike…
21st December, 2022
Crypto, Virtual Currencies Likely To Attract 28% GST Soon: Reports
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Crypto, Virtual Currencies Likely To Attract 28% GST Soon

The Goods and Service Tax (GST) Council is…
9th May, 2022
Hike Secures Investment To Build Its Web3 Gaming Platform ‘Rush Gaming Universe’
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Hike Secures Investment To Build Its Web3 Gaming Platform ‘Rush G...

Social media platform, Hike has raised an undisclosed…
6th May, 2022
Crypto India Economy
India's Crypto Economy

India’s Crypto Economy | Bullish On India And Indians

Dear Reader, Speaking at the Crypto Summit 2021…
14th October, 2021
Social media platform HIke has raised an undisclosed amount of investment from iconic investors. Kavin Bharti Mittal, chief executive officer, announced that Hike has raised investments from Tinder cofounders Sean Rad and Justin Mateen, Softbank Vision Fund CEO Rajeev Mishra, Tribe Capital’s Arjun Sethi and others. The fresh round also brought founders of newly emerged unicorn startups such as Bhavin Turakhia and Kunal Bahl. Kunal Bahl and Binny Bansal also infused capital in the round. As per Mittal, Hike will utilise the capital to build platforms that will enable people to express themselves online through competition and interaction. The platform will further utilise the capital to hire talent from different sectors such as cryptocurrency, gaming and social media platforms. “The rapid technological evolution over the last few years has paved the way for massive disruption in social & gaming. There’s little to separate these 2 categories,” he wrote on Twitter announcing the investment. The round comes months after Hike shut down its flagship product HikeSticker Chat amidst WhatsApp contentious privacy policy. At the start of the year Mittal announced the launch of Rush – a new gaming service – and renamed Hikeland as Vibe. Hikeland was a mobile-first virtual world launched in 2020. Once seen as an Indian alternative to WhatsApp, Hike has over the years tried to offer various services such as wallet, Hikemoji, Hikeland, cricket scores, horoscope, among others to grab the market. However, WhatsApp’s simpler offering coupled with smooth use r experience prevented the majority of users from switching to Hike. Mittal, who is the son of billionaire Sunil Bharti Mittal, chairman of Bharti Enterprises, founded Hike in 2012. The startup enjoyed the support of marquee investors such as Foxconn, Tiger Global, SoftBank. The startup even joined the prestigious unicorn club after receiving investment worth $175 Mn in 2016. During that time, Hike boasted of having 100 Mn users of which 90% were from India. Majority of Hike’s users belonged to the age group of 15 and 24. Hike, which had invested in Indian gaming platform WinZo, received a four-fold return after it exited the company with $12 Mn this year. Hike participated in WinZo’s $5 Mn Series A investment along with Kalaari Capital.
News

Hike Receives Investment From Tinder Cofounders & Other Marquee I...

Social media platform Hike has raised an undisclosed…
24th August, 2021
News

Winzo Gives Hike 4X Return After $13 Mn Series B Funding

Vernacular social gaming platform WinZO has given a…
3rd May, 2021
[What The Financial] Will Focus On Gaming Change Hike’s Fortunes After Just INR 13K Revenue In FY20?
What The Financials

[What The Financial] Will Focus On Gaming Change Hike’s Fortunes ...

Messaging platform and one-time super app Hike reported…
30th April, 2021
As Telcos Push For Higher ARPU, India No Longer Has The World’s Cheapest Mobile Data Plans
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As Telcos Push For Higher ARPU, India No Longer Has The World’s C...

One of the most vital growth drivers of…
13th April, 2021
UPI Regains Momentum With 19% Hike In Transactions In March 2021
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UPI Regains Momentum With 19% Hike In Transactions In March 2021

The unified payments interface (UPI) is back to…
1st April, 2021
hike sticker chat shutdown, focus on vibe rush, gaming social media
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From Super App To Shutdown: Hike Gives Up On Chat App In Yet Anot...

“India won’t have its own messenger,” Hike CEO…
18th January, 2021
Hike Looks To Marry Social & Gaming In Virtual Hangout Space HikeLand
News

Hike Adds Gaming To HikeLand, But Will Its Latest Revenue ‘Experi...

Hike, the New Delhi-headquartered unicorn which came to…
9th November, 2020
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