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Indian Messenger App Hike Expects 4x growth in 2019

17Apr By PriyankaNo Comments

BUSINESS

Indian Messenger App Hike Expects 4x growth in 2019

India's leading messaging app Hike expects four-fold growth in per day customer acquisition rate by the end of 2019 with the launch of its new sticker-based chat app. "There is so much happening in the company that Hike Sticker chat will become one of the two or three products that we have. Today we are adding 50,000 users per day. My goal is to get to a place where we are adding 3-4 times of that (by end of 2019)," Hike founder and CEO Kavin Bharti Mittal said. As part of its strategy to launch multiple apps, Hike on Tuesday unveiled new mobile messaging platform that will be majorly based on chat in the form of stickers. "We have 30,000 stickers. Challenge was to give right stickers to users at right time. We have integrated machine learning in the core of the app which will giv...

Wipro Hikes Annual Fresher salary by Rs 30,000

26Oct By Gauri SinghNo Comments

News

Wipro Hikes Annual Fresher salary by Rs 30,000

Wipro has increased fresher salaries to Rs 3.5 lakh per annum, from about 3.2 lakh. Salaries of campus recruits had remained stagnant for many years across the industry. “We are also introducing a coding test to improve the quality of hires. We are looking to roll out a broad-based national talent test to expand the reach of our hiring process. We are hiring 25-30% more than last year,” said Wipro president and chief human resources officer Saurabh Govil. Others like TCS and Infosys have also adopted such strategies. TCS has launched a national level test. And these companies are offering significantly higher salaries to freshers with better coding skills. Wipro has a three-tier campus outreach. The first involves hires from star colleges like the IITs, and they are offered an average...

Hike Lays off 25% Workforce, Shuts down Bengaluru Operation

29May By Lavina TolaniNo Comments

News

Hike Lays off 25% Workforce, Shuts down Bengaluru Operation

While hiring season was just picking up, startups now seem to counter the trend. Messaging platform Hike has announced employee layoffs for up to 20-25% as it is shutting down its Bengaluru operations. A Hike representative confirmed the news stating, We made a few acquisitions last year that skyrocketed the team size, mostly in Bengaluru. We’re integrating and streamlining these teams. Just business as usual. Kavin Bharti Mittal, company's co-founder informed that it had become increasingly difficult for the company to manage both the locations. As a result, the platform is finally moving its base to Delhi. The report has speculated that most of the reductions are from its last two acquisitions — Creo and InstaLively. Moreover, the layoffs are expected in multiple functions such a...

Hike, Airtel Payments Bank Tie-Up For Mobile Wallet

22Nov By Press Trust of IndiaNo Comments

News

Hike, Airtel Payments Bank Tie-Up For Mobile Wallet

Messaging app Hike today said it has tied up with Airtel Payments Bank to power its mobile wallet product. Hike users will have access to the bank?s vast product line including merchant and utility payments, it added. The SoftBank-backed app, which has over 100 million registered users, saw over 30 per cent month-on-month growth for its wallet service. "Through this partnership, Airtel Payments Bank gets access to over 100M (million) users on Hike and will begin powering the Hike Wallet product," Hike said in a statement. Hike Messenger VP (Product) Pathik Shah said the company has seen tremendous traction on the wallet over the last few months, most of it being organic. It is on track for over 5 million transactions this month with services like Recharge and peer to peer transa...

India’s Messenger App Hike Has Revenue Issues

17Nov By AdityaNo Comments

ANALYSIS

India’s Messenger App Hike Has Revenue Issues

[dropcap]A[/dropcap]fter Flipkart, Ola and Paytm, another potential Indian Unicorn Hike, the Indian chat messenger is seeing some hard days! It is not generating any revenue! Its latest filings with RoC shows that the five year old company is right back where it started; as per its March 2017 reports. Once valued at $1.4 billion, the company fails to come up with a significant revenue stream in financial year 2016-coupons that users bought to play in-app games accounted for almost all the operating revenue. In the filings, the company showed a total income of Rs 11.4 crore in comparison to the 34,9 crore in FY2016, which had come on the back of profit from sale of investments. The total expenditure in FY17 was Rs 227.3 crore in comparison to last year's Rs 252.2 crore. The net los...

28Sep By RishabhNo Comments

INDIA

Indian Unicorn Startups To Launch Nasscom Like Lobby Group- Indiatech.org

India’s Unicorn Internet startups Flipkart and Ola are grouping together with peers including travel portal MakeMyTrip to launch a Nasscom like industry body that will be representing their interests and aim to deal with deep pocketed rivals, and sustain their existence in one of the world’s most prized markets for digital commerce. The lobby group will be called Indiatech.org — and will be led by Sachin Bansal, as its President and Chairman; appointing a former IAS officer as its CEO, said four people aware of the matter. The former bureaucrat is expected to join in 2-3 weeks. The other founding members include online classifieds company Quikr and messaging platform Hike. “The group wants to become the Nasscom for the startup space,” said two of the people cited above. The formati...

Hike Messenger Acqui-Hires Media Streaming Device Teewe Maker Creo

12Aug By AnkitaNo Comments

ACQUISITION

Hike Messenger Acqui-Hires Media Streaming Device Teewe Maker Creo

Hike Messenger, the messaging app founded by Kavin Mittal, son of Bharti Airtel founder Sunil Bharti Mittal, has acqui-hired Creo, a Bangalore based tech-startup. The startup is known for making TeeWe, an HDMI based video streaming device. Hike Messenger, which is operated by Bharti SoftBank Holdings Pte. Ltd. (more…)

Facebook Messenger Crosses 1.2 Billion Monthly Active Users

13Apr By PriyankaNo Comments

News

Facebook Messenger Crosses 1.2 Billion Monthly Active Users

Facebook's Messenger today said it has crossed 1.2 billion monthly active users milestone with the addition of about 200 million new users in last eight months. "We now have over 1.2 billion people actively using Messenger every month," Facebook Head of Messenger David Marcus said in a post on the social networking platform. In July last year, Facebook had said it had 1 billion users of Messenger, its messaging service on the social networking platform. Facebook has seen similar traction for its other products as well with India being a key consumer. WhatsApp, its mobile messaging app, has over one billion users of which about 200 million are from India. Its photo-sharing app Instagram has about 600 million users globally. Reports suggest Facebook's flagship app has 1.74 billion m...

Hike Messenger Launched Video Calling Feature

26Oct By AnkitaNo Comments

News

Hike Messenger Launched Video Calling Feature

India’s home grown messaging platform, Hike Messenger, has launched video calling feature on its app. Video calling, the beta of which was rolled out in September this year to a select set of less than a hundred thousand, will now begin to roll out to the entire userbase starting with Android users this week. Live Caller Preview is another interesting aspect of video calling on Hike. This allows the user to see a live video preview of the caller before answering the call. Hike video calling is available immediately on Android. If users updated their Hike Messenger in September this year, video calling would have automatically been enabled for them and will now be accessible. The iOS version will be launch soon. On this occasion, Kavin Bharti Mittal, Founder and CEO, Hike Messenger...

Hike Messenger crosses 100-million user mark

21Jan By AdityaNo Comments

News

Hike Messenger crosses 100-million user mark

New Delhi :- Home-grown Hike Messenger today said it has crossed the 100-million user mark. “Crossing 100 million users is a milestone for us and we have achieved this well ahead of our expectations,” Hike Messenger Founder and CEO Kavin Bharti Mittal said in a statement. The company acquired 30 million additional users in just three months as it crossed 70 million users in October 2015, the statement said. Hike is now logging a monthly messaging volume of 40 billion messages, having doubled on messaging in a span of 5 months from 20 billion messages per month logged in August 2015, it added. “This huge user base is not only messaging and calling on Hike, but is reading News on Hike in Hindi and English, viewing live Cricket scores, getting inspired on Hike Daily, transferring huge f...

12Jan By NitishNo Comments

FUNDING

Hike raises undisclosed funding from founders Of Quora, WordPress & other Silicon Valley veterans

NEW DELHI: Indian messenger app, Hike, has raised undisclosed funding from a number of tech veterans, including Quora founder, Dropbox's Vice President Engineering Aditya Agarwal, WordPress co-founder Matt Mullenweg and Ruchi Sanghvi, VP Dropbox. "It's great to have the world's top brains in tech share Hike's vision; and not just entrust us with their investment, but more importantly, also advise us on our product and strategy. Each of the them brings with him/her a core area of expertise, which we at Hike find immensely useful as we aggressively grow in India," Kavin Bharti Mittal, Founder and CEO, Hike Messenger, said in a statement. "India is close to our hearts and we understand the challenges faced by the billion plus people of India. It's quite clear that messaging is playing a key...

Hike Messenger Touched 1 Billion Messages a day

3Dec By NitishNo Comments

News

Hike Messenger Touched 1 Billion Messages a day

Indian Messenger company Hike has touched 1 Billion Messages per day milestone. As per company press release, after launching hike 4.0 the data touched over 1 Billion messages per day. That’s a mammoth 30 billion+ messages a month. Look at their data, how they have grown over in the last 18 odd months: Ever since we launched hike 4.0 in Aug’15, we’ve been on a tear but we haven’t stopped there. We’ve launched another 4 new updates in the 3 months after bringing you Sticker Recommendations, Group Calling, Hike Direct that lets you chat with people without the Internet and much, much more. This really is a big milestone for us and we wouldn’t be here without all of you, who made it possible! The year hasn’t yet ended and we’re working on some exciting stuff. More to come soon - Kavin Bha...