Kavin Bharti Mittal

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Kavin Bharti Mittal
Born1987 (age 34–35)[citation needed]
Alma materImperial College London
OccupationFounder and CEO of Hike Messenger
Known forHike
Parent(s)
Websitewww.hike.in

Kavin Bharti Mittal is an Indian internet entrepreneur. He is the founder and CEO of Hike.

From 2012 to 2018, Hike built a SuperApp centered around messaging to bring India, a mobile-first population online. At its peak in 2018, Hike reached 30M+ monthly active users and had raised over $250M in capital from investors such as Tiger, Tencent, SoftBank & Foxconn.[1][2][3]

In 2018, the market dynamics shifted removing some of the constraints they were building for as incredibly cheap data (4G) and very high-quality subsidized smartphones flooded the market. The smartphone was now the SuperApp and a SuperApp itself was no longer needed.[4][5]

In 2019, they decided to shut down the app [6][7] and pivoted the company to focus on building Rush. In August 2021, they announced an undisclosed round of funding from some product builders and investors:[8] Kavin was featured in the Forbes 30 Under 30 list for 2017.[9] Kavin was part of 35 under 35 Entrepreneur magazine 2016 list.[10]

See also[]

References[]

  1. ^ Singh, S. Ronendra. "Hike raises $175 million from Tencent, Foxconn". @businessline. Retrieved 2021-11-15.
  2. ^ "Hike Messenger raises $175 mn from investors led by Tencent". The Hindu. 2016-08-17. ISSN 0971-751X. Retrieved 2021-11-15.
  3. ^ "India's WhatsApp rival Hike raises $175M led by Tencent at a $1.4B valuation". TechCrunch. Retrieved 2021-11-15.
  4. ^ Thomas, Ayushi Kar | Thomas K. "Super apps won't work in India: Kavin Bharti Mittal". @businessline. Retrieved 2021-11-15.
  5. ^ Sharma, Nishant. "Hike's Kavin Mittal On Why The Super App Model Won't Work In India". BloombergQuint. Retrieved 2021-11-15.
  6. ^ Mittal, Kavin Bharti (2019-09-23). "Future of Social – The Rise of Social Niches". Medium. Retrieved 2021-11-15.
  7. ^ Mittal, Kavin Bharti (2019-09-24). "2019: Multi-Apps > Super App". Medium. Retrieved 2021-11-15.
  8. ^ "Hike secures new funds from Tinder cofounder Justin Mateen, others". The Economic Times. Retrieved 2021-11-15.
  9. ^ Wang, Yue. "Kavin Bharti Mittal, 29 - pg.1". Forbes. Retrieved 2018-03-19.
  10. ^ Sabharwal, Punita (2017-02-28). "Meet the Zen Billionaire of India - Kavin Bharti Mittal". Entrepreneur. Retrieved 2017-11-29.

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