- Over 25M active Wallets on Hike
- Redesigns its App for easy discoverability of transactional services
- Cab booking, bus, train, movie tickets, bill payments and more will soon be possible on Hike
21 December:
Hike Messenger, India’s first homegrown messaging app today announced
that it has crossed 10 million transactions per month on its Wallet,
growing 100% month-over-month. Hike is the first messaging app to
integrate payments in India and Hike Wallet has seen exponential growth
over the last two months. Of the 10M transactions, 70% were on recharge
and the remaining 30% on P2P.
The
app also has been redesigned to provide easy access to transactional
services on the new homescreen. Users will no longer need to scroll
through the chat thread or look for the services they want to go to. One
can view the entire portfolio of services and just tap to access these
and pay seamlessly through the Hike Wallet.
Seeing
this phenomenal response, with just a simple set of services like
Recharge & P2P, Hike is planning to add more services like cab
bookings, bus, train, movie tickets and pay bills in Q1 2018.
According to Kavin Bharti Mittal, Founder and CEO, Hike Messenger, “The
growth on the Wallet has been tremendous and honestly we’re just
getting started. On the back of this growth, we’ve launched an updated
design to make it easier to discover and transact with services on Hike.
It’s also become quite clear to us that our users want more services.
So we’re heads down working hard to bring things like booking taxis,
movietickets and more to the platform. Expect these to start rolling out
as early as next quarter.’
About Hike Messenger
Hike
is the first messaging and social technology company made with love in
India. It simplifies how people connect with others and changes the way
they interact with content and services on mobile. It is the only
successful Indian messaging platform with scale.
Hike
was launched on 12/12/12 and acquired a user base of over 100 million
in January 2016. In August 2016, Hike raised its fourth round of funding
of USD 175 million led by Tencent and Foxconn at a valuation of USD 1.4
billion, making it the fastest company in the India to attain a
valuation of USD 1 billion, having reached the milestone in just 3.7
years. Investors in Hike include Tencent, Foxconn, Tiger Global,
Softbank and Bharti. Apart from these, some of the top tech veterans
from the Silicon Valley have also invested in the company and are
advisors.
Today, Hike has over 350 employees spread across 2 offices in Delhi and Bangalo
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