Indian Messaging App Hike Acquires YC-Backed Zip Phone


Hike, a messaging app based in India, announced today that it has purchased Zip Phone, a Y Combinator-backed startup, for an undisclosed amount. This is Hike’s first acquisition.

Zip Phone, which launched last year and was founded by Indian entrepreneur Anuj Jain, lets users make secure, Wi-Fi-enabled phone calls. This means they don’t have to use up minutes on limited smartphone calling plans or incur roaming charges. Hike founder and CEO Kavin Bharti Mittal says acquiring Zip Phone will allow the messaging app to bring a free voice calling feature, one of its most requested features from users, to the market much more quickly.

It’s easy to see how Zip Phone fits into Hike’s business strategy. While there are scores of messaging apps based in Asia (including WeChat, Line, and KakaoTalk), Hike has several features designed specifically for consumers in India where data plans are often costly, including Hike2SMS, or free SMS credits for featurephones, and message notifications that pop up even if users have turned data off.

Read More

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: