Indian instant messaging app Hike has received a funding worth $65 from Tiger Global Management and Bharti Soft Bank (BSB). The home grown app has also announced that it now has more than 35 million registered users.
Hike Messenger is a joint venture between Bharti Enterprises and Japan’s Softbank Corporation. Launched in December 2012, Hike also revealed that 15M users were added to the platform in just 2 months out of which 50% users are active every month. In addition, the messenger is now handling over 10 billion messages and 3 billion stickers per month. Hike further stated that there around 90% users are from India of which over 80% of users are below 25 years.
The messenger announced in February this year that it has 15 million users which escalated to 20 million users in June. It competes with other global instant messaging players like WhatsApp, Line and WeChat. Last week Whatsapp revealed that it has 600 million active users globally, with 10 per cent of them from India while Japanese messenger Line has almost 500 million worldwide users.
Hike had previously raised two rounds of $7 million in April 2013 and $14 million in April 2014 from BSB (a 50:50 JV between Bharti Enterprises and Softbank Corp.).