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


Alfred Lee

19 Jan, 2021

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.

Already a member?

Sign in to read this article & enjoy the following:

  • Access to members-onnly content, events, and more
  • Connect with a global community of CEOs, Business Owners, and more.
  • Free Business Feature & Profile Listing
  • Post Unlimited Jobs & Hire Talent Effectively
  • Connect with Investors and Fundraise
  • Search through entire members, companies, and investors directory
  • and lots more!

Latest Jobs

Founding Engineer – Embedded Robotics Sensing

Theseus

California,

Full Time

USD 180000 — USD 210000 yearly

Motion Graphics Internship

Swipe

Telangana,

Internship

USD 15000 — USD 20000 yearly

Manager, Business Development

Alloy Automation

Full Time

USD 100000 — USD 150000 yearly

Pre-sales solution engineer (Paris)

Formance

Île-de-France,

Full Time

USD 90000 — USD 130000 yearly

VP of Customer Success

Sully.ai

California,

Full Time

USD 175000 — USD 250000 yearly

Full-Stack Software Engineer

Santé

New York,

Full Time

USD 120000 — USD 180000 yearly

Founding Engineer

camfer

California,

Full Time

USD 100000 — USD 140000 yearly

Lead Product Manager

Odigos

Massachusetts,

Full Time

USD 100000 — USD 250000 yearly

Software Engineer Intern

PlayHT

California,

Full Time

USD 16 — USD 35 yearly

Product Designer

arketa

New York,

Full Time

USD 115000 — USD 140000 yearly

BEAMSTART is a hub for everything Startups, Entrepreneurship, and Innovation. Connect with a global community of people, and stay updated with the latest startup jobs, news, and discussions.

 
© 2016 - 2024 BEAMSTART. All Rights Reserved (Legal).