Trending

Stories

Hike is to Launch Live-streaming Following Latest Acquisition

Tidio Live Chat Software - Add Tidio live chat software to your website in minutes. Contact visitors and turn them into happy customers. Enhance their experience and boost your sales. Get it for Free

WP Rocket - WordPress Caching Plugin

Must Read

Aniruddha Paul
Aniruddha Paul
Writer, passionate in content development on latest technology updates. Loves to follow relevantly on social media, business, games, cultural references and all that symbolizes tech progressions. Philosophy, creation, life and freedom are his fondness.

The popular messaging app of India, Hike, is likely to be ready to enter the live-streaming field after a recent acquisition. The company, being endorsed by Chinese web giant Tencent, has acquired the Indian live streaming app named Pulse, as reported by Inc42.

According to the report, the founders of the company, Karthik Vaidyanath, and Prakhar Khanduja, as their LinkedIn profiles suggest, have been working at Hike since February this year as head of engineering and on the growth team, respectively. Both their LinkedIn profiles suggest that Hike and InstaLively are working in collaboration. InstaLively, in fact, is the parent company developing Pulse. Hike kept themselves unavailable for comment regarding this.

Also Read

On the other hand, Tencent helped Hike become a billion-dollar company, leading a $175 million investment rounding at a valuation of $1.4 billion last year. Given that live-streaming is becoming a major growth generator for numerous leading companies, it is obvious that Hike would want to step up with the same using their connections with China through Tencent. Live streaming has been attracting the Chinese government censors through its popularity in recent times, leading them to clamp down on 3 of the popular services.

The hike is known to have heavily borrowed from tech trends in China. The company’s service receiving a major update in the last month led them to imitate the ‘red envelopes’ of WeChat by introducing ‘blue packets’ and an in-app wallet/payment feature. Furthermore, Hike even cloned Snapchat by adding stories to its own app in the previous year. Also, the year 2015 saw Hike acquiring the startup Zip Phone in its first M&A piece.

Elegant Themes - The most popular WordPress theme in the world and the ultimate WordPress Page Builder. Get a 30-day money-back guarantee. Get it for Free

In spite of the aggressive product development of Hike, they are still observed to lag behind WhatsApp by some margin in the Indian markets. While India holds the largest market for WhatsApp with over 200 million users, Hike is so far yet to be loud enough to see growth in its user numbers. January 2016 was the last time Hike came out publicly regarding this, after crossing 100 million registered users.

iThemes WordPress Hosting

Stay updated

Subscribe to our newsletter and never miss an update on the latest tech, gaming, startup, how to guide, deals and more.

Latest

Stories

- Advertisement -
- Advertisement -

Latest

Grow Your Business

Place your brand in front of tech-savvy audience. Partner with us to build brand awareness, increase website traffic, generate qualified leads, and grow your business.

- Advertisement -

Grow Your Business

Get these business solutions, tools and services to help your business grow.
Elementor

Elementor -Join 5,000,000+ Professionals Who Build Better Sites With Elementor. Build your website with 100% visual design that loads faster and speeds up the process of building them.

WP Rocket

WP Rocket - Speed up your website with the most powerful caching plugin in the world. The website speed increase means better SEO ranking, user experience, and conversation. It’s a fact that Google loves a fast site.

Kinsta

Kinsta - If you are looking for WordPress managed hosting, Kinsta is in the leading front. Kinsta provides WordPress hosting for a small or large business that helps take care of all your needs regarding your website with cutting-edge technology.

OptinMonster

OptinMonster - Instantly boost leads and grow revenue with the #1 most powerful conversion optimization toolkit in the world. 700,000+ websites are using OptinMonster to turn their traffic into leads, subscribers, and sales.

Related

- Advertisement -
- Advertisement -
OpenAI Releases Tool To Detect AI-generated Text Tesla Records Double Net Profit in 2022 India to Produce Upcoming iPhones: Trade Minister Japanese Professor Developed A Power Semiconductor made of Diamond Google Releases New Product for India’s Merchants Indian EV Startup Unveil Two AutoBalancing Electric Scooters OPPO Find X6 Pro Images Render via Weibo Sony Develops New Tech to Reduce Noise of Image Sensors Tesla’s S & Y Models Earn Best-in-Class Cars of 2022 India Approved $320m to Promote Homegrown Payments Network
Twitter Roll Out TikTok-like ‘For You’ Timeline on iOS Nothing Phone Enters US with Beta Membership Program Finally! Apple’s VR Headset Coming this Spring Harvard Scientists Develop New Cell Therapy to Kill, and Prevent Brain Cancer HTC Vive XR Elite VR/AR Headset Now Selling for $1099 Realme 10 Launched in India with Helio G99 Gaming Chipset Twitter Data Breach Revealing User’s Private Information Instagram New Feature to Create Albums With Friend