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Hike company logo
Corporation
MOBILE & TELECOMMUNICATIONS | Mobile Software & Services / Social
hike.in

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Founded Year

2012

Stage

Angel - II | Alive

Total Raised

$261M

Mosaic Score

+230 points in the past 30 days

What is a Mosaic Score?
The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.

About Hike

Hike is an India-based mobile messaging app. Hike simplifies how people connect and interact with content and services on mobile.

Hike Headquarter Location

4th Floor, Indira Gandhi International Airport, Worldmark 1 Northern Access Rd, Aerocity

New Delhi, 110037,

India

+91 11 4733 2700

Latest Hike News

Kavin Mittal: Hike Put India On The Social Media Map

May 28, 2021

Start your stock and bitcoin trading and win rewards! Signup now at Social media is a platform dominated by various countries. The most prominent ones are based out of the United States, with China at second. However, we’ve seen a thing or two from the Indian sub-continent as well. Hike is the most popular one amongst the few Indian startups that have left a dent on the social media circuit. The Hike messaging is an Indian app and was developed by Kavin Bharti Mittal. Occupation Net Worth Kavin Mittal - Founder of Hike Messenger Kavin Bharti Mittal is the son of Bharti Mittal, one of the richest Indians. Kavin charted out his own path despite solid business background. He grew up in a family where business was omnipresent. Kavin found it much easy to set foot in the startup circuit when compared to his father due technological advancements (internet, etc.). Moreover, entrepreneurship has undergone drastic changes after the nineties. Entrepreneurial Ambitions Apps, both mobile and web, are the basis for several ventures today. The introduction of the iPhone paved way for development of new segments hitherto unknown. Kavin Mittal picked up the basics of entrepreneurship from his dad. The father-son relationship was also a mentor-mentee relationship that helped groom the lad in various ways. Kavin witnessed the launch of applications like Facebook , Twitter , and YouTube while in college. These platforms and the digital world in general—inspired Kavin to launch his first venture, Appspark. He saw an iPhone during his internship at Google in New York and was in awe of the device’s potential to change lives of people. Apple’s App Store was still in infancy, and Kavin thought of launching one idea every month, thereby creation and launch of eight apps on the App Store in eight months. This dream remained elusive as Kavin witnessed the hurdles transforming an idea from a figment of imagination to reality. After eight months of struggle, Kavin created his first app, Movies Now. It was the first-ever movie reservation app on the App Store. It allowed users to stream trailers both in HD and SD prints. Since the number of competing apps was negligible, Movies Now never received real competition. The introduction of the iPad saw Movies Now improvise and get enhanced. It functioned much better than the earlier versions. While Movies Now was popular, it wasn’t an actual money spinner. Kavin had to think of another way to prove himself as a successful entrepreneur. Hike Logo After returning to India, Kavin was living a normal life in New Delhi, the nation’s capital. He saw majority of the people in Delhi own the iconic Nokia 1100, the phone which set the ball rolling for the technology revolution in India. However, the phone had its limitations since it could only send SMS and be used for normal calls. Internet access was impossible. This limitation spurred Kavin’s willingness to bring Indians and internet closer, and inspired him to create a messaging platform—Hike. His team received funds worth $7 million from Bharti SoftBank, a collaboration between Bharti Enterprises and SoftBank, a Japanese telecom company. After a series of developments, Hike was officially launched in the year 2012. Within two years, Hike Messenger became the most downloaded application on the App Store (in India) and the Play Store(in India). Kavin’s smartness and strategy had a major hand to play in this achievement. After launching the app, he introduced the concept of “stickers”. This concept was recently implemented by WhatsApp—another messaging platform. The stickers in Hike were catchy and innovative, and attracted the youth. Thus, these stickers were imperative for surge in Hike’s popularity. While the platform was gaining prominence throughout India, Hike tied-up with Airtel and launched a policy in which if a user had an Airtel postpaid connection, the service provider gave free mobile data for 3 months to use Hike. To keep up with the trend, Hike also launched unique two-way chat themes that were liked by many Hike users and attracted several new customers. This proved to be a master strategy since the company got a solid 15 million users strong base by the end of its first year. Hike gave stiff competition to other messaging apps like WhatsApp . Success Mantras According to Kavin, an entrepreneur must have a clear idea about their field of work. They need to decide between offline and online space. Finalizing the idea of the startup is one of the most important aspects for creating a business, Kavin mentions. Failures and mistakes accompany growth. Learning from mistakes is the most important quality an entrepreneur should possess. As errors are an inevitable part of business, one should be ready to withstand them and grow as a leader. Another important mantra is to strive to achieve one’s goals. Despite failures, an entrepreneur should work on improvement and not stop until the target is achieved. The fourth mantra of success according to Kavin is passion. No one can become successful without having a passion about something. That’s the key to making it big. The fifth of his mantras is patience. Patience has taken successful entrepreneurs to unfathomable levels of prosperity. Success is never achieved overnight; one has to wait for the right moment and work tirelessly to achieve fame. FAQs Who is Kavin Mittal? Kavin Bharti Mittal is an Indian internet entrepreneur. He is known for having founded and led Hike Messenger, a now-defunct platform that was once the world's sixth-largest mobile messaging application. Is Kavin Bharti Mittal Indian? Yes, Kavin Mittal is Indian. What is the net worth of Kavin Mittal? The net worth of Kavin Mittal is $150 Million. How old is Kavin Bharti? Kavin Bharti is 33 years old.

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Research containing Hike

Get data-driven expert analysis from the CB Insights Intelligence Unit.

CB Insights Intelligence Analysts have mentioned Hike in 1 CB Insights research brief, most recently on Jun 24, 2021.

Hike Patents

Hike has filed 2 patents.

The 3 most popular patent topics include:

  • Automation
  • Building automation
  • Building engineering
patents chart

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Grant Date

Title

Related Topics

Status

5/25/2018

Home automation, Building automation, Building engineering, Internet of things, Automation

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5/25/2018

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Home automation, Building automation, Building engineering, Internet of things, Automation

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Hike Web Traffic

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Page Views per User (PVPU)
Page Views per Million (PVPM)
Reach per Million (RPM)
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