Kavin Mittal gets 24-fold hike in FY16

Kavin Bharti Mittal, founder, HikeKavin Bharti Mittal, CEO at Hike Ltd, received an almost 24-fold increase in compensation for 2015-16, as the messaging app expanded its operations and attracted marquee investors. Mittal received total remuneration of Rs 18.28 crore for the year through March 2016, according to the company’s annual report. This compares with the Rs 74.61 lakh he […]

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Hike: Revenue Rs 42 lakh in FY16, valuation $1.4 bn

HikeHike Ltd, the messaging app operator that touched $1.4 billion in valuation last year, started earning revenue in 2015-16 but its bottom line worsened as it burnt more cash than ever. The four-year-old company reported revenue from operations of Rs 42.32 lakh for the year through March 2016, according to VCCEdge, the data research platform […]

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Hike appoints ex-Motorola exec Rajesh Rudraradhya as engineering head

Rajesh-Rudraradhya_feHike Messenger, the instant messaging app backed by Bharti Softbank (BSB) – the joint venture between Bharti Group and Japan’s Softbank, has appointed Rajesh Rudraradhya as its vice president and head of engineering. Rudraradhya has spent more than a decade in the Silicon Valley, working for companies such as Digital Equipment Corporation, HP, Google and […]

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Hike claims to have 100 million-plus users

Hike, the instant messaging app backed by Bharti Softbank (BSB) – the joint venture between Bharti Group and Japan’s Softbank, claims to have crossed the 100-million-user mark, and is now logging a monthly messaging volume of 40 billion. The app, which was launched in December 2012, has achieved the milestone in just three months after […]

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Dropbox, WordPress founders back instant messaging app Hike

HikeInstant messaging app Hike Ltd has raised an undisclosed amount in funding from Quora founder Adam D’Angelo and WordPress founder Matt Mullenweg. Senior Dropbox executives Aditya Agarwal and Ruchi Sanghvi also participated in this round, Hike said in a press statement. “It’s quite clear that messaging is playing a key role in bringing people online in a […]

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Dropbox, WordPress founders back instant messaging app Hike

HikeInstant messaging app Hike Ltd has raised an undisclosed amount in funding from Quora founder Adam D’Angelo and WordPress founder Matt Mullenweg. Senior Dropbox executives Aditya Agarwal and Ruchi Sanghvi also participated in this round, Hike said in a press statement. “It’s quite clear that messaging is playing a key role in bringing people online in a […]

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Messaging app Hike adds feature to allow file sharing in the vicinity without internet

Hike, the instant messaging (IM) app service from BSB (Bharti SoftBank, a joint venture between Bharti Group and Japan’s SoftBank), has launched a new feature named ‘Hike Direct’, which will enable users to send files to other users without an internet connection, it said. The new feature, which is being rolled along with the new […]

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