About Hike
Hike is a Media & Entertainment company based in Delhi (India) founded in 2012 by Kavin Bharti Mittal. Hike is involved in building innovative digital solutions. It operates in the Media & Entertainment and Financial Services sectors. Hike has raised $261 million across 7 funding rounds from investors including Polygon, Tencent and Republic. The company has 92 employees. Hike has completed 5 acquisitions, including CREO Tech, Creo and InstaLively. Hike was last valued at $1.4 billion in August 2016. Its chief executive, as recorded, is Kavin Bharti Mittal. Its website hike.in draws about 16 thousand monthly visits. Its Indian entity Hike Messenger Limited reported revenue of ₹2.14 Cr. Its focus areas include Mobile, Mobile Gaming, Blockchain Gaming and Gaming Platforms.
Company details
Hike is engaged in the development of digital solutions. Specific details about sectors or offerings are not provided. The company has recently completed a fundraising round. Strategic investors have joined to support its initiatives. Further information on products or services remains unavailable on the site.
- Headquarters Delhi, India
- Employees 92
- Founders Kavin Bharti Mittal
- Stage Unicorn
- SectorsMedia & EntertainmentFinancial Services
- Website category Computers Electronics and Technology · Social Networks and Online Communities
- Website hike.in
- Social LinkedIn X
- Legal Name Hike Messenger Limited
- Date of Incorporation 27 Jun, 2011
- Jurisdiction New Delhi, Delhi, India
Associated legal entities of Hike
Hike is associated with 2 registered companies on The Company Check; the primary company is Hike Messenger Limited. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2017) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Hike Messenger Limited CIN U74900DL2011FLC221516 | Amalgamated | 27 Jun 2011 | New Delhi, Delhi | ₹2.1 Cr | 3 | View details | |
| Cedent Private Limited CIN U74140DL2011FTC226246 | Active | 13 Oct 2011 | New Delhi, Delhi | ₹567 Cr | 92 | 3 | View details |
Funding Insights of Hike
Hike has successfully raised a total of $261M across 7 strategic funding rounds. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $261M
- Total Rounds 7
- First Round $7M
(Apr 2013)
- Investors Count 25
All 7 funding rounds of Hike with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May 2022 | Series D | – | Jump Crypto | ||
| Jan 2022 | Series D | – | Polygon | – | |
| Aug 2021 | Series D | – | Justin Mateen | ||
| Aug 2016 | $175M | Series D | $1.4B | Tencent, Foxconn Electronics | |
| Aug 2014 | $65M | Series C | – | Tiger Global Management, Bharti SoftBank | – |
| Apr 2014 | $14M | Series B | – | Bharti SoftBank | – |
| Apr 2013 | $7M | Series A | – | Bharti SoftBank | – |
| Date | Valuation | Stage |
|---|---|---|
| Aug 2016 | $1.4B | •••••••• |
Last known valuation $1.4B (Aug 2016). 25 investors in total: 12 institutional and 13 angel.
Investors in Hike
Hike has secured backing from 25 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Polygon, Tencent and Republic.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Investments are made in global seed and early-stage startups. | 2018 | tribecap.co | Menlo Park, United States | |
Venture and private equity investments are managed with global diversification. | tigerglobal.com | New York, United States | ||
Venture capital firm focused on social media, gaming, and e-commerce sectors | 2011 | bsb.in | Delhi, India | |
Investments are made in early-stage companies by Titan Capital. | titancapital.vc | Gurugram, India | ||
Private equity firm focused on multiple sectors | indiancontinentinvestment.tcc.mode | Port Louis, Mauritius | ||
Develops blockchain tools and trades in Web3 networks for community-driven tech. | 2015 | jumpcrypto.com | Chicago, United States | |
Online alternative fundraising platform to invest in startups, real estate, crypto, and video games | 2009 | republic.com | New York, United States | |
Scalable blockchain interoperability protocols are developed for enhanced network security. | 2017 | polygon.technology | George Town, Cayman Islands | |
Value-added internet, mobile, and telecom services are provided in China. | 1998 | tencent.com | Shenzhen, China | |
Electronic products and components are manufactured globally by Foxconn. | 1974 | foxconn.com | Taipei, Taiwan |
Investor details for Hike
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Board of directors of Hike Messenger Limited (Hike)
Hike Messenger Limited is the primary company behind Hike. The boards of the 2 registered companies of Hike currently have 5 directors; the longest-serving is Kavin Mittal Bharti, appointed in 2011. 26 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Kavin Mittal Bharti DIN 03020669 | Director | 15 Sep 2011 | 15 yrs 1 mo | Hike Messenger Limited |
| Hemant Goyal DIN 07486978 | Director | 15 Apr 2016 | 10 yrs 6 mo | Hike Messenger Limited |
| Karan K Chadha DIN 03014778 | Director | 04 Jan 2017 | 9 yrs 9 mo | Hike Messenger Limited |
| Rohit Krishan Puri DIN 00332078 | Director | 09 Jul 2019 | 7 yrs 3 mo | Cedent Private Limited |
| Shivali DIN 09544362 | Company Secretary | 09 Jul 2020 | 6 yrs 3 mo | Cedent Private Limited |
People of Hike
32 people are tracked at Hike (16 in leadership, 16 in team); the tracked headcount is 92.
| Name | Role | Group |
|---|---|---|
Jake Allen | Owner | Leadership |
| Founder & CEO | Leadership | |
Shuchi Singh | Director - Legal & Policy | Leadership |
Manish Kumar | Head of Finance & Business Development | Leadership |
Ankur Narang | VP, AI and Data Technologies | Leadership |
Akshay Sharda | Associate Director | Leadership |
Shekhar Suman | Associate Director - Revenue And Analytics | Leadership |
Sugam Kuchhal | Head Of Revenue | Leadership |
Raunak Hisaria | Director & Head Of Revenue | Leadership |
Ashish Kumar | Director Of Finance | Leadership |
Piyush Ranjan | Leader - Talent Partner And Employer Branding | Leadership |
Simran Budwal | Senior People Partner | Leadership |
Vibhor Agarwal | Ceo's Office/ Founder’s Office (senior Founder Staff) | Leadership |
| Chief People Officer | Leadership | |
Gaurav Arora | Vice President Of Engineering | Leadership |
Nidhi Agarwal | Associate Account Director | Leadership |
Sujeet Kumar | Senior Data Engineer | Team |
Akshat Jain | Senior Software Development Engineer | Team |
Pooja Chaudhary | Talent Acquisition - People Team | Team |
Shweta Trivedi | Tech Lead | Team |
12 more people are available in the full profile.
Complete people profiles for Hike
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Financials of Hike
Figures of Hike Messenger Limited, the primary company behind Hike, for FY 2017. Revenue was ₹2.14 Cr (-61% year on year). Net loss was -₹5.6 Lakh (-3% margin). EBITDA was -₹4 Lakh (-2% margin). Revenue has grown at a compounded annual rate of -42% over three years.
- ₹2.14 CrRevenue · FY 2017 · -61% YoY
- -₹5.6 LakhNet loss · -3% margin
- -₹4 LakhEBITDA · -2% margin
- ₹3.00 CrPaid-up capital
- -42%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Hike Messenger Limited are on its company page.
Detailed financial statements for Hike
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Investments & Acquisitions by Hike
Hike has strategically engaged in corporate development activities, having acquired 5 companies. Notable acquisitions include CREO Tech, Creo and InstaLively.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
A proprietary Android-based OS and smartphone are being developed. | creosense.com | Bengaluru, India | 2013 | Aug 2017 | •••• | |
Web and mobile applications are developed for various clients. | creoit.com | Bengaluru, India | 2010 | Aug 2017 | •••• | |
Live video streaming is enabled via a mobile-first platform. | instalively.com | Delhi, India | 2014 | Jun 2017 | •••• | |
Social network app for colleges | mypulse.co | Delhi, India | 2015 | Jun 2017 | •••• | |
A mobile app for making secure calls. | zipphone.com | Atlanta, United States | 2014 | Jan 2015 | •••• |
Complete acquisition details for Hike
Acquired stakes, deal sources and the complete acquisition history require an active premium plan.
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- Complete history
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Timeline of Hike
9 dated milestones of Hike across 10 years, from founding to its latest funding, stage changes and deals.
- Founded Hike is founded.
- Funding First funding round of $7.0M.
- Acquisition Acquires Zip Phone.
- Milestone Reaches Unicorn status.
- Acquisition Acquires MyPulse.
- Acquisition Acquires InstaLively.
- Acquisition Acquires Creo.
- Acquisition Acquires CREO Tech.
- Funding Latest funding round, Series D,.
Web traffic of Hike
The website of Hike (hike.in) receives about 16K visits a month and ranks #2,095,121 among all websites worldwide, #9,521 in Social Networks and Online Communities.
- Monthly visits16K
▲ 21.4% vs previous month
- Unique visitors8K
per month
- Global rank#2,095,121
among all websites
- Category rank#9,521
Computers Electronics and Technology · Social Networks and Online Communities
- Bounce rate68%
- Pages per visit1.2
- Average visit4 sec
- DevicesDesktop 15% · Mobile 85%
Websites whose visitors overlap most with Hike. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| linkedin.com | 100% | 1.9B | #18 | View details | |
| instagram.com | 95% | 7.1B | #4 | View details | |
| kik.com | 92% | 772.2K | #68,499 | View details | |
| groupme.com | 92% | 9.4M | #9,277 | View details | |
| tango.me | 91% | 11.7M | #2,316 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 19 similar websites and full traffic analytics for Hike
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- 19 similar websites
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Top companies in MMORPG & Online Gaming
3 companies that operate in the same segment as Hike (MMORPG & Online Gaming) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Operator of a platform providing skill-based games and interactive entertainment | 2018 | Delhi, Delhi, India | USD 92 M | USD 83.05 M | 1 | |
Operator of a multifaceted platform for sports content and experiences | 2008 | Mumbai, Maharashtra, India | USD 942.17 M | USD 509.95 K | 1,310 | |
Skill-based online games are provided through a technology-driven platform. | 2006 | Mumbai, Maharashtra, India | USD 98.07 M | USD 264.51 M | 777 |
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Related news about Hike
Complete news archive for Hike
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Frequently Asked Questions about Hike
Hike was founded in 2012 and raised its 1st funding round 1 year after it was founded.
Hike is headquartered in Delhi, India. It is registered at Delhi, Delhi, India.
Kavin Bharti Mittal is the CEO of Hike, as recorded in our data. They have also founded this company.
Hike is a funded company, having raised a total of $261M across 7 funding rounds to date. The company's 1st funding round was a Series A of $7M, raised on Apr 2013.
Hike has 92 employees.
The primary company behind Hike, Hike Messenger Limited, reported revenue of ₹2.14 Cr for FY 2017, down 61% year on year.
Hike is engaged in the development of digital solutions. Specific details about sectors or offerings are not provided. The company has recently completed a fundraising round. Strategic investors have joined to support its initiatives. Further information on products or services remains unavailable on the site.
Hike has made 5 acquisitions, including CREO Tech, Creo, and InstaLively.
Hike has 25 investors. Key investors include Polygon, Tencent, Republic, Foxconn Electronics, and Tribe Capital.
The valuation of Hike is $1.4B as of Aug 2016.
Hike is associated with 2 legal entities: Hike Messenger Limited, Cedent Private Limited.
The legal entities of Hike currently have 5 directors, including Shivali, Rohit Krishan Puri, Kavin Mittal Bharti and others.