Kavin Mittal’s Hike to Experiment with Gaming

Messaging platform Hike has shut down its operations in January 2021. Hike has now raised capital from top angel investors in August 2021, making it the first capital raise in five years. The platform was founded in 2012 and is considered one of the fastest-growing unicorns in India. 

The company closed down its messaging application to focus on the gaming segment. Kavin Mittal, the CEO, and founder of Hike has said in the statement that gaming is inherently social and is a new way for people to come together and hang out. Along with this, Hike is also planning to experiment with social applications and cryptocurrency. It currently has a team of more than 160 employees working across 50 cities in India, and it is planning to use a part of its raised capital to expand its product strategy and to add to its workforce as well.