India’s popular instant mobile messaging App Hike has acquired Y combinatory Company Zip Phone. Zip Phone is a US-based voice calling company founded by Anuj Jain in the US.
This is Hike’s first acquisition. Earlier, Hike has raised $86M from Tiger Global and BSB till date. With this acquisition Hike gears up to launch free voice calling soon and aim at expanding its products range in the internet-based communication space.
image source: hike.in
Zip Phone automatically detects your contacts and routs the call through 3G or WiFi. You never have to open the app, except after installation. According to Zip Phone website, All conversation are encrypted, so nobody can eavesdrop.
Commenting on the growth and acquisition, Kavin Bharti Mittal, Founder and CEO of hike messenger, says, “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 says, “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 crosses 35M user mark in August 2014.