Silicon Valley tech veterans invest in Indian chat app Hike Messenger

Visual from Hike website

Homegrown chat application Hike Messenger has secured an undisclosed amount in funding from several tech veterans of Silicon Valley, according to a statement.

These investors include Adam D’Angelo, founder and CEO of Quora, Aditya Agarwal and Ruchi Sanghvi of Dropbox, and Matt Mullenweg, founder and CEO of Automattic Inc. and co-founder of WordPress. All have invested in their personal capacities and are playing advisors to Hike, the statement added.

“It’s great to have the world’s top brains in tech share Hike’s vision; and not just entrust us with their investment, but more importantly, also advise us on our product and strategy. Each of the them brings with him/her a core area of expertise, which we at Hike find immensely useful as we aggressively grow in India,” said Kavin Bharti Mittal, founder and CEO of Hike Messenger.

D’Angelo has served as chief technology officer at Facebook, where he oversaw new product development and managed the engineering team. In addition, he guided the site’s architecture and infrastructure and started the company’s growth team.

Agarwal came to Dropbox via the acquisition of Cove, a company he co-founded that was focused on improving group collaboration and communication. Sanghvi was the vice-president (operations) at Dropbox, where she was responsible for product, recruiting, marketing, communications, and other functions.

“India is close to our hearts and we understand the challenges faced by the billion plus people of India. It’s quite clear that messaging is playing a key role in bringing people online in a mobile first market like India and Hike Messenger has begun to play a pivotal role in that market. We are both aligned to Hike’s vision and are excited about what comes next,” said Sanghvi and Agarwal.

Hike has seen phenomenal growth in India over these last 3 years, having acquired 70 million users and transacting over 30 billion messages per month. Over the last year, Hike has brought on board solid leadership from brands like PepsiCo, Amazon, Unilever, Zynga etc. to power its next phase of growth.

The app, launched in December 2012, had so far raised over $65 million from Tiger Global and Bharti SoftBank, the joint venture between Japan’s SoftBank and Bharti Enterprises.

Also Read: India’s Hike Messenger acquires Zip Phone

India: Messaging app Hike CEO Kavin Bharti Mittal targets to cross 100m users soon

Google developing new mobile messaging app

 

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.