Hike plans to broaden its product approach and employ top people across the board. It employs around 160 people in a remote cross-functional workforce.
Hike, a social gaming company, announced on Tuesday that it had acquired an undisclosed sum of funding from “most famous product developers and investors” in its newest round. Justin Mateen(Co-founder, Tinder) took the lead in this round.
Some other investors who also participated are Rajeev Misra (CEO, SoftBank Vision Fund), Sean Rad (Co-founder, Tinder), Arjun Sethi (Co-founder and Partner, Tribe Capital), Bhavin Turakhia (Co-founder, Zeta and Titan), Kunal Shah (Founder, CRED), Binny Bansal (Co-founder, Flipkart), Aditya Agarwal (Partner in Residence, South Park Commons), Kunal Bahl (Co-founder and CEO, Snapdeal), and Rohit Kumar Bansal (Co-founder, Snapdeal)
“We’re pleased to have some of the world’s most prominent product developers and investors join us in our journey,” Kavin Bharti Mittal, Hike’s Founder and CEO, said of the financing. The fast technology advancements of recent years have set the path for major upheaval in the social and gaming industries. There isn’t much to distinguish these two groups. Gaming has evolved into a new means for individuals to socialize and connect in the virtual space.”
Hike plans to use the new funds to grow its unique product approach and employ top people across the board. Hike now employs a distant cross-functional staff of over 160 people spread across 50 cities.
Hike is recruiting for a variety of professions at the confluence of social gaming, and cryptocurrency, with over 25 vacant opportunities.
Kavin wrote in a tweet,
“We’re also creating new methods for our communities to join in the networks they’re helping to create in ways that weren’t previously conceivable. The next ten years will usher in a whole modern social future, and we’re thrilled to be a part of it with our fantastic new group of partners and investors.”
Hike, a Gurugram-based startup that was founded in December 2012, has recently switched its focus away from texting. HikeLand, which allows users to hang out and engage in a mobile-first virtual environment, was introduced in July 2020. Hike Rush, the company’s gaming-focused platform, was also revealed.