# Hike Private

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/hike-private

- Industry: Internet
- Headquarters: New Delhi, India
- Website: www.hike.in
- Total disclosed funding: $240M
- Latest round: Series D (Aug 16, 2016)
- Investors on record: 5

## About

Hike Private Limited is a technology company focused on providing innovative digital solutions that enhance user engagement and streamline operations for businesses across various industries.Hike Private Limited, headquartered in New Delhi, India, was founded in 2011. The company specializes in enhancing communication and data management for businesses. It has undergone a pivot towards strengthening its product offerings to improve user engagement. The founding team includes Kavin Bharti Mittal, who also serves as the current CEO. The company has raised a total of USD 175.00 mn through funding rounds, with the most recent being Series D on May 5, 2022, which involved notable investors like HCM Capital, SoftBank Group, Tencent Investment, and Tiger Global Management. Hike has completed 9 deals to date, with a valuation of USD 1,400.00 mn.Hike specializes in delivering digital tools that enhance user engagement and streamline operations. Their product suite includes effective communication tools and data management solutions aimed at improving collaboration and customer interactions for businesses. Hike caters to a diverse clientele, including SMEs and large corporations across sectors such as technology, retail, and healthcare, with operations in North America and select markets in Europe and Asia.In 2017, Hike generated revenue amounting to USD 311,813, reporting an EBITDA of USD -6,013.2. The revenue model includes subscription-based services that allow businesses to access various tools tailored to their operational needs, supporting both direct-to-consumer and B2B interactions.Following a successful funding round on May 5, 2022, Hike plans to utilize the raised capital to expand its product strategy and increase hiring across multiple functions. The funding, led by Jump Crypto and supported by Tribe Capital and Republic Crypto, will aid in the development of new products. Hike is also exploring expansion into additional markets, focusing on enhancing its presence in North America and Europe, ensuring its solutions meet the specific needs of different regions.

## Funding rounds

- Series D, Aug 16, 2016, $175M — Tiger Global Management, Tencent Investment, SoftBank Group, BSB, HCM Capital
- Series C, Aug 27, 2014, $65M — Tiger Global Management, BSB

## Investors

- Tiger Global Management (https://capitalatlas.ai/funds/tiger-global-management) — Series C, Series D
- BSB — Series C, Series D
- Tencent Investment — Series D
- SoftBank Group — Series D
- HCM Capital (https://capitalatlas.ai/funds/hcm-capital) — Series D