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A Messaging App with Worth of $1 Billion in just 3 Years

A Messaging App with Worth of $1 Billion in just 3 Years
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Looking for a new wat to connect? Social media, messaging apps have become effective ways to engage clients. Billions of people access this app every day. In the world of the social messaging app, a new app was introduced in 2012 named “HIKE

Platform That Gives Success to an APP

Hike is an Indian AI-led Unicorn start-up that is confined to formulating a new social eventuality. Hike assumes that the prospect of the community will have results that are glad and strengthened around people, not the other way around. The company believes the future of social lies in social crannies and is computing that future through two unique products, Hike Sticker Chat & WinZO. By Hike Sticker Chat, an expression platform, the company aims to reduce people’s dependence on the keyboard. It has also led an investment in WinZO, India’s online arcade platform.

In August 2016, Hike became the 10th Indian startup to be valued at over $1 billion. Hike has raised over $261 million in capital from top-tier investors such as SoftBank, Tiger Global, Tencent, Foxconn & Bharti, among others.

Kavin Bharti Mittal, Founder of Hike
Kavin Bharti Mittal, Founder of Hike

Kavin Bharti Mittal is an Internet entrepreneur, founder of Hike, the world’s sixth-largest mobile messaging application. Kavin is the son of Sunil Mittal. While studying in London, founded Hike Messenger on 12 December 2012, within 3 years, Hike has grown to become the largest Indian internet company by users -with a tally of 100 million users, valuation of $1.4 Billion

Features that Brings an APP in Trending

Hike Messenger, also called Hike Sticker Chat, is an Indian freeware, cross-platform instant messaging (IM), Voice over IP (VoIP) application which was launched on 12 December 2012 by Kavin Bharti Mittal and is now owned by Hike Private Limited. Hike can work offline through SMS and has multi-platform support. The app registration uses a standard One-time password (OTP) based authentication process. With an abundance of low-cost data, Hike decided to go from a single super app strategy to a multiple app approach, so that it can focus more on the core messaging capabilities. From version 6, the user-interface was revised and the app no longer supports features like news, mobile payment, games, or jokes As per CB Insights, $1.4 billion is the valuation of Hike with more than 100 million registered users till August 2016 and 350 employees working from Bengaluru and Delhi.

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