New Delhi, Aug 27 IANS | 24 days ago

Indian instant messaging application Hike has raised $65 million fresh funding, led by New York-based investment firm Tiger Global, a company statement said here Wednesday.


Hike also crossed the 35-million user mark, making it one of the fastest growing messaging apps from India.

"Over 50 percent of the users are active on the platform on a monthly basis. The milestone also marks an infusion of fresh investment of $65 million led by Tiger Global, a New York based investment firm and followed by Bharti SoftBank," the statement said.

At present, Hike - a joint venture between Bharti Enterprises and SoftBank Corporation - is handling over 10 billion messages and 3 billion stickers per month.

Hike competes with other applications like WhatsApp and Line.

"With the new investment, our focus will continue on developing innovative features to bridge the existing gaps in messaging market in India. The investment will also be directed towards growing our team and attracting the best talent in India," Kavin Bharti Mittal, founder & chief executive officer of Hike said.

"Going forward, our aim is to become the first mobile-Internet company for India to cross 100 million users and we're extremely excited to have Tiger Global join us on our mission to bring India online," he added.

"The company's incredible traction, the rapid pace at which its team operates and its sharp focus are compelling," Lee Fixel, Partner, Tiger Global Management, said.

(Posted on 27-08-2014)

Share This Page:


Post your comments


Information on States of India:

Andaman Nicobar | Andhra Pradesh | Assam | Bihar | Chandigarh | Chhattisgarh | Dadar Nagar Haveli | Daman Diu | Delhi | Goa | Gujarat | Haryana | Himachal Pradesh | Jammu Kashmir | Jharkhand | Karnataka | Kerala | Lakshadweep | Madhya Pradesh | Maharashtra | Manipur | Meghalaya | Mizoram | Nagaland | Orissa | Pondicherry | Punjab | Rajasthan | Sikkim | Tamil Nadu | Tripura | Uttar Pradesh | Uttaranchal | West Bengal

INDIA REGIONAL MAPS:

Andhra Pradesh Travel Map | Bihar Travel Map | Goa Travel Map | Gujarat Travel Map | Haryana Travel Map | Himachal Pradesh Map | Karnataka Travel Map | Kerala Travel Map | Maharashtra Travel Map | Punjab Travel Map | Rajasthan Travel Map | Sikkim Travel Map | Tamil Nadu Travel Map | Uttar Pradesh Travel Map | West Bengal Travel Map |

MORE MAPS OF INDIA:

Airports of India | Districts of India | India Pilgrim Centers | Tourism Map of India | National Highways in India | India Railway Routes |

INDIA CITY MAPS:

Ahmadabad | Bangalore | Chennai | Coimbatore | Delhi | Hyderabad/Secunderabad | Kochi | Kolkata | Mumbai | Pondicherry | Pune | Surat |

KERALA TRAVEL MAPS:

Alappuzha | Ernakulam | Idukki | Kannur | Kasaragod | Kollam | Kottayam | Kozhikode | Malappuram | Palakkad | Pathanamthitta | Thiruvananthapuram | Thrissur | Wayanad |