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Kavin Mittal’s Hike Messenger buys Zip Phone

Kavin Bharti Mittal-led Hike Messenger on Thursday said it had acquired Zip Phone, a company that offers free voice-calling service. The value of the deal was not disclosed.

The acquisition, the first by the company run by Bharti Enterprises Group Chief Executive Sunil Mittal’s son, is aimed at expanding Hike’s product range in the internet-based communication space.

Launched in December 2012, Hike claims to have more than 35 million users and has raised $ 86 million from Tiger Global and Bharti SoftBank to date. 

Zip Phone, founded in the US by Anuj Jain, offers a voice-calling app that works globally. The company was part of the 2014 summer batch list of the prestigious Y Combinator, a US-based seed accelerator that also picks up equity stakes in start-ups.

Hike Messenger founder & CEO Kavin Mittal said: “From day one, we have strongly believed we can bring India online through communication. With this acquisition, we take another 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 features most requested by our users. We cannot wait to launch this on Hike.”

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