BEAMSTART Logo

Hike Messenger was popular in India; now it has shut down after raising $260m+ in funding

The company was valued at $1.4 billion after raising funding from notable investors


Hike Messenger was popular in India; now it has shut down after raising $260m+ in funding | BEAMSTART News

Hike Messenger, once a very popular messaging app based in India, has shut down.

Its apps have also been removed from both the Apple and Google Play stores.

The end of the company's service comes at a time when Telegram and Signal have surged in popularity in recent weeks, further eroding Hike Messenger's presence in an already crowded space.

The Hike Messenger app.

Hike Messenger was founded by Airtel chairman's son, Kavin Bharti Mittal in 2012, and was backed by Tencent, Tiger Global, SoftBank, and several other notable investors.

The company had reportedly raised over $260 million in funding, and was valued at $1.4 billion in 2016.

Founder of Hike Messenger, Kavin Bharti Mittal.

In a series of tweets earlier this month, Kavin lamented that India will "never have a homegrown messenger" unless the country chooses to ban Western companies from operating in the nation.

India's most popular messenger, WhatsApp, has grown to over 450 million users in the country.

ABOUT THE AUTHOR

Alfred Lee

Journalist at BEAMSTART. I write about breaking business news in the region.

Based in Malaysia

Works at BEAMSTART

ALSO MENTIONED IN THIS POST

Hike

Committed to building a new social future

Opportunities:


Tencent

Tencent is a Chinese internet service portal offering value-added internet, mobile, telecom, and online advertising services.

Industry:

Opportunities:


SoftBank

A Japanese multinational telecommunications and Internet corporation

Industry:

Opportunities:


Have a company of your own? Create a company profile today and easily find customers, raise funds, or hire talent.

BEAMSTART is a Global Community and News Portal for Entrepreneurship. We cover the latest news and bring together a global network of CEOs/founders, Investors, Business Leaders, and Professionals.

 

Download the Community App

Connect with the BEAMSTART Entrepreneurship Community from the palm of your hands. Connect with CEOs/Founders, Investors, Business Leaders, and Professionals. Download below to instantly form partnerships and discover opportunities:

PlayStore ButtonAppStore Button

© 2016 - 2021 BEAMSTART. All Rights Reserved (Legal).