Hike, which pivoted from its immediate messaging (IM) roots in advance this year, stated on Tuesday it has raised new budget from a grab of buyers, because it keeps to guess on social, gaming, and crypto.
Snapdeal co-founders Kunal and Rohit Kumar Bansal participating within side the spherical.
Before this, Hike had raised $ 175 million in a Series D investment led via way of means of net large Tencent and production corporation Foxconn. The spherical had valued the corporation at $1.4 billion.
According to the corporation, the clean budget might be deployed to enlarge on Hike’s product approach along side permitting terrific hiring throughout functions.
At present, Hike operates a cross-purposeful crew of over 160 employees, operating remotely from throughout 50 cities. Hike is hiring skills throughout roles on the intersection of social, gaming, and crypto.
“We’re pleased to have a number of the world’s maximum iconic product developers and buyers be part of us in our journey. The speedy technological evolution over the previous few years has paved the manner for big disruption in social and gaming. There’s little to split those categories. Gaming is now inherently social, evolving into a brand new manner for human beings to hang around and have interaction within side the digital world,” stated Kavin Bharti Mittal, founder and CEO, Hike.
In January, Mittal had introduced that the corporation will close its eight-year-antique immediate messaging app, Hike, moving attention to its community-primarily based totally product Hike Land and rebranding it to ‘Vibe via way of means of Hike’. Vibe gives a digital area for people to have interaction and watch content material with different customers having comparable interests .
Mittal had blamed western messaging apps and strong ‘international community effects’ for shutting down Hike’s immediate messaging platform.
Hike has additionally introduced its pivot toward digital gaming via way of means of launching ‘Rush’, a brand new bite-sized gaming provider for its customers.
“We’ve been doing what we realize best – constructing. We’ve been constructing new methods for human beings to specific themselves online, constructing new methods for them to hang around online. More importantly, we’re constructing new methods for human beings to take part within side the networks they assist build, in methods that weren’t viable before,” stated Mittal.
“The subsequent decade goes to spawn an entire new social destiny and we’re so excited to be contributing to this destiny with our extraordinary listing of recent buyers,” Mittal added.