Several tech biggies from silicon valley have invested in Hike Messenger, the Indian answer to the instant messaging revolution.
The move was confirmed by a press release sent across to media by the company. The amount has not been disclosed yet, however, according to the press release, the investment is in personal capacities of the individual investors, who are also playing a role of advisor in the company. The investors include Adam D’Angelo, Founder and CEO, Quora, Aditya Agarwal, Vice President Engineering, Dropbox, Ruchi Sanghvi Former Vice President, Operations, Dropbox, Matt Mullenweg, Founder and CEO of Automattic Inc. and Co-Founder of WordPress.
Hike Messenger is one of the instant messaging apps, completely homegrown in India. Recently, a report placed Hike as the second most popular instant messaging app in India with a total user base of over 70 million.
Speaking on the development, Kavin Mittal, CEO – Hike said, “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.”
Ruchi Sanghvi, ex-Vice President, Operations, Dropbox and Aditya Agarwal, Vice President, Engineering, Dropbox: “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.”
Matt Mullenweg, Founder and CEO of Automattic Inc. and Co-Founder of WordPress: “As an online social media entrepreneur myself, I have keenly observed India. I believe in Hike Messenger’s vision and I can see the team gearing up and are well positioned for aggressive growth in the country.”
Before this, Hike has raised a total sum of around $86 million over the last 3 years since the launch in December 2012. The company continues to grow in the Indian market and it’ll be an interesting thing to see the kind of progress Hike makes after having these biggies on board as advisors.
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