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Hike has shifted focus from messaging.
In July 2020, it launched HikeLand, which lets users hang out and interact in a mobile-first virtual world.
Earlier this year, the startup faced challenges such as going off Google Store, but it’s now back in action and ramping up significantly. The company, which aims to “build a new social future” and is keen to double down on gaming with its bite-sized entertainment offering, recently roped in Manav Arya as Head of Rush.
Manav comes with over 13 years of experience in mobile gaming; and
has worked with top brands like Junglee Games, PayTM First Games, Octro Inc, and The Walt Disney Company. His appointment is part of Hike’s plan to bolster teams across the board as it doubles down on its bets with Rush and Vibe, both a part of Hike.
Indian gaming startup WinZO gives $12m exit to early investor Hike through share buyback
Photo: Pixabay
May 3, 2021
Social gaming platform WinZO, on Monday, said it has provided a complete exit to early investor Hike Pvt. Ltd, through a share buyback for $12 million.
Through the buyback, Hike has received a four-fold return on its investment in the gaming company, WinZO said.
Hike, along with Kalaari Capital, had led Winzo’s $5-million series A round back in July 2019.
The news comes after WinZO had raised close to $18 million in series B funding, led by existing investors including co-chair of Bain Capital and early investor in Epic Games, Stephan Pagliuca; Singapore-based Makers Fund; and New-York based, Courtside Venture in September 2020, taking the total fundraise tally for the three-year-old startup to $38 million.
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Hike has shifted focus from messaging.
In July 2020, it launched HikeLand, which lets users hang out and interact in a mobile-first virtual world.
Earlier this year, the startup faced challenges such as going off Google Store, but it’s now back in action and ramping up significantly. The company, which aims to “build a new social future” and is keen to double down on gaming with its bite-sized entertainment offering, recently roped in Manav Arya as Head of Rush.
Manav comes with over 13 years of experience in mobile gaming; and
has worked with top brands like Junglee Games, PayTM First Games, Octro Inc, and The Walt Disney Company. His appointment is part of Hike’s plan to bolster teams across the board as it doubles down on its bets with Rush and Vibe, both a part of Hike.