hike
Designs and develops mobile messaging applications that enable users to send messages and share files.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor investor investor investor | €0.0 | round |
| investor | €0.0 | round | |
| investor | €0.0 | round | |
| investor | €0.0 | round | |
| investor investor investor investor | €0.0 | round | |
| investor investor investor investor investor | €0.0 Valuation: €0.0 | round | |
| investor investor investor investor investor investor investor investor investor | €0.0 | round | |
* | N/A | Late VC | |
| Total Funding | 000k | ||
| INR | 2017 | 2018 |
|---|---|---|
| Revenues | 0000 | 0000 |
| % growth | - | 20 % |
| EBITDA | 0000 | 0000 |
| Profit | 0000 | 0000 |
| % profit margin | (647 %) | (1008 %) |
| EV | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 |
Source: Company filings or news article
Related Content
Hike, once a popular messaging app, has pivoted its business model to focus on the online gaming market with the launch of the Rush Gaming Universe (RGU). This platform targets the rapidly growing casual gaming segment in India, offering a variety of board games and other casual games where players can compete for real money.
The RGU operates on a play-to-earn model, where users can participate in tournaments and win from a prize pool. The company generates revenue by taking a percentage of the winnings from these games. This shift in strategy comes after the discontinuation of the Hike Messenger app in early 2021, as the company seeks to capitalize on the booming mobile gaming industry.
Keywords: mobile gaming, play-to-earn, real-money gaming, casual games, online gaming platform, indian gaming market, digital entertainment, gaming community, skill-based gaming, competitive gaming
Tech stack
Investments by hike
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