hike also raised $65M led by Tiger Global and Bharti SoftBank in fresh investments to help it build a technology to support the 10 Billion messages and 3 Billion stickers it handles each month.
Acording to Kavin Bharti Mittal, Founder & CEO, Hike, “This is a big milestone for us. We’ve almost doubled our user base, adding 15M users in the last 2 months itself. We can see that our users love hike and we’re now doing over 10 Billion messages per month. That’s a pretty big number. With the new investment we’re going to double down. We now have the ammo to tackle the more audacious items on our list. We have a great shot at becoming the first mobile-Internet company for India to cross a 100M users and we’re extremely excited to have Tiger Global join us on our mission to bring India online”.
Founded in Dec, 2012, hike hit 5M users in just 4 months of its launch and raised $7M from BSB. In Feb 2014, hike hit 15M user mark and raised $14M fresh funding from BSB and in July this year it hit number in the App stores.
Today’s raise and milestone show hike’s grasp of the messaging market amidst fierce global competition.
“Hike’s grasp and understanding of the Indian market was apparent from the time we first met. The company’s incredible traction, the rapid pace at which its team operates and its sharp focus are compelling,” said Lee Fixel, Partner at Tiger Global Management.
hike is available globally on iOS, Android, WP, Blackberry, BB10, S40, S60.