EXCLUSIVE: Hike is selling its stake in WinZO as Kavin Mittal enters gaming on his own
EXCLUSIVE: Hike is selling its stake in WinZO as Kavin Mittal enters gaming on his own
Sanchita DashMar 9, 2021, 15:29 IST
Kavin Mittal, HikeBCCL
WinZO, a gaming platform, sources told Business Insider.
Hike, in 2019, had invested $3 million in WinZO, as a part of its series A investment which also saw Kalaari Capital pumping in money.
Kavin Mittal’s Hike is looking to get back in the game with two new products – Vibe, an exclusive social platform and Rush, a gaming platform.Kavin Mittal’s Hike is looking to get back in the game with two new products – Vibe, an exclusive social platform and Rush, a gaming platform. And in that process the company is now selling its two-year old stake in WinZO, a real money gaming platform.
A candid Kavin Mittal admits his mistakes as he reinvents Hike and plans fresh fundraising this year
A candid Kavin Mittal admits his mistakes as he reinvents Hike and plans fresh fundraising this year
Sanchita DashFeb 25, 2021, 13:28 IST
BCCL
Kavin Mittal talks about launch of Hike’s two new products – Vibe, an exclusive social platform and Rush, a gaming platform.
Hike made headlines in the beginning of 2021, as Mittal took to Twitter to announce the shutting down of Hike Messenger.
While keen to revive Hike back to its glory days, Mittal says he is being careful not to repeat the mistakes.Kavin Mittal, son of one of India’s richest business tycoons, is a man who has waged his own battles. He got wounded, but it seems like he is not afraid to show the scars.
Hike no more; Second chances elsewhere
Two weeks ago, Hike Founder and CEO Kavin Bharti Mittal tweeted that the company will shut down StickerChat and double down on products such as Vibe and Rush.
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Since its launch in 2012, Hike has reinvented itself several times.
The app, which began as a messaging app and once topped Android and iOS’ free apps’ list, later made available other offerings such as news, games, chat stickers, offline chat, and even payments.
Now Hike is prioritising its other social products and ending what many saw as a promising run for the app.
Two weeks ago, Hike Founder and CEO Kavin Bharti Mittal tweeted that the company will shut down StickerChat and double down on products such as Vibe and Rush.
Hike messaging app pulled down from Google Play Store and Apple App Store
Hike official said that global companies like Telegram, Signal were too strong and unless India bans foreign firms, it is difficult for homegrown apps.
Jan 18, 2021 16:57:43 IST
Hike messaging app or Hike Sticker Chat has been shelved citing inability to compete with foreign messaging apps. The free cross-platform instant messaging application was launched in 2012 and CEO Kavin Bharti Mittal announced earlier this month that they will be drawing the curtains soon. In a tweet made on 6 January, Mittal said: “Today we’re announcing that we will be sunsetting StickerChat in Jan’21. We thank you all for giving us your trust. We wouldn’t be here without you”. He added that the firm was being reimagined as ‘Vibe and Rush’ which will have Hike’s special emojis and its name: Vibe by Hike.