2015-01-08

Homegrown chat app Hike acquires Y Combinator firm Zip Phone

Zip Phone, founded by Anuj Jain in the US, has developed a voice-calling app, which works globally.

Homegrown chat app Hike acquires Y Combinator firm Zip Phone

India’s homegrown chat application hike messenger today announced its first acquisition of a US-based voice-calling company - Zip Phone. This is the first acquisition by Hike and is aimed at expanding its product range in the internet-based communication space.

Zip Phone, founded by Anuj Jain in the US, has developed a voice-calling app, which works globally. The company was also part of the revered Y Combinator list Summer Batch (2014).

Commenting on the growth and acquisition, Kavin Bharti Mittal, Founder and CEO, hike messenger, said, “From day one we’ve strongly believed that through communication, we can bring India online. With the acquisition we take one more step towards that mission. Zip Phone’s technology will allow us to bring free voice calling to the market much faster. Incidentally, this is one of the top requested features from our users as well. We can’t wait to launch this.

Anuj Jain, Founder, Zip Phone said, “As a start-up enthusiast, I had been keeping a close eye on hike and its developments and I am excited to now be a part of one of the biggest and fastest growing startups in the Indian Internet space and finally, building for India.”

Launched in December 2012, hike has over 35 million users and has raised $86 million from Tiger Global and BSB (Bharti Soft Bank) till date.

Related opportunities
  • Quick Service Restaurants
    Milkshake And Co. is a creative based QSR business believing..
    Locations looking for expansion Chandigarh
    Establishment year 2016
    Franchising Launch Date 2023
    Investment size Rs. 20lakh - 30lakh
    Space required 250
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Chandigarh Chandigarh
  • Precious Jewellery
    Our journey began in 1939 with Kirtilals, and we have..
    Locations looking for expansion Tamil nadu
    Establishment year 2023
    Franchising Launch Date 2023
    Investment size Rs. 50lakh - 1 Cr.
    Space required 720
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Coimbatore Tamil nadu
  • Furniture/Home Decor & Furnishing
    At Bay Window, we understand the delicate balance between aesthetics..
    Locations looking for expansion Andhra pradesh
    Establishment year 1950
    Franchising Launch Date 2023
    Investment size Rs. 1 Cr. - 2 Cr
    Space required 12000
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Shaikpet Andhra pradesh
  • Courier & Delivery
    Come be a Partner with Delhivery - Minimum Investment, Maximum Returns We are..
    Locations looking for expansion Haryana
    Establishment year 2010
    Franchising Launch Date 2023
    Investment size Rs. 5lakh - 10lakh
    Space required 100
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Gurgaon Haryana
Insta-Subscribe to
The Franchising World
Magazine
tfw-80x109
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
email
mobile
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities

Free Advice - Ask Our Experts

pincode
;
ads ads ads ads