Hike Acquires YC Backed Zip Phone, Plans To Launch Free App-Based Voice Calling soon

Hike Acquires YC Backed Zip Phone, Plans To Launch Free App-Based Voice Calling soon

Hike messenger, internet based cross platform instant messaging service, has acquired US-based voice-calling company – Zip Phone. This first acquisitions of Hike will enable it to broaden its portfolio in the internet-based communication space.

The new feature on Hike will be able to build a bandwidth efficient voice calling stack which is different from voice calling through Skype.

“Our mission from the get go has been to bring India online and we believe communication is at the center of that. With voice calling, we’re taking one more step towards that mission,” says Kavin Bharti Mittal, founder and CEO of Hike

Zip Phone, a voice calling app was founded by Anuj Jain in the US, the startup was also part of Y Combinator’s summer batch of 2014 which works globally. Zip Phone promises to deliver clear audio even at low bitrates. Also, all conversation is encrypted for privacy.

Hike has been one of the India’s highest funded startups of 2014. It was launched in December 2012 and has raised  $86 Mn from Tiger Global and Bharti SoftBank (BSB), a joint venture of Japan’s SoftBank and India’s Bharti Enterprises. With a 35 Mn user base currently, the app boasts of young user base with over 90% of it being under the age of 25 and residing in India.

Mittal says, “Voice calling is one of the top requested features from Hike users, we can’t wait to launch this.”

The decision seems big in the time where telecom giant Airtel is taking anti-neutrality stand and is going against VoIP calls. A few weeks ago, Indian telecom company Airtel announced a plan to charge customers for data usage on instant messaging and VoIP apps like Skype, Viber, Whatsapp, and Line, however, later it dropped this idea. Hike’s biggest rival WhatsApp too is planning to launch voice calling soon. So it will be interesting to see what, if any, role the Indian telecom major Airtel plays in this competition between Hike and its global rival.

You have reached your limit of free stories
Become An Inc42 Plus Member

Become a Startup Insider in 2024 with Inc42 Plus. Join our exclusive community of 10,000+ founders, investors & operators and stay ahead in India’s startup & business economy.

2 YEAR PLAN
₹19999
₹7999
₹333/Month
Unlock 60% OFF
Cancel Anytime
1 YEAR PLAN
₹9999
₹4999
₹416/Month
Unlock 50% OFF
Cancel Anytime
Already A Member?
Discover Startups & Business Models

Unleash your potential by exploring unlimited articles, trackers, and playbooks. Identify the hottest startup deals, supercharge your innovation projects, and stay updated with expert curation.

Hike Acquires YC Backed Zip Phone, Plans To Launch Free App-Based Voice Calling soon-Inc42 Media
How-To’s on Starting & Scaling Up

Empower yourself with comprehensive playbooks, expert analysis, and invaluable insights. Learn to validate ideas, acquire customers, secure funding, and navigate the journey to startup success.

Hike Acquires YC Backed Zip Phone, Plans To Launch Free App-Based Voice Calling soon-Inc42 Media
Identify Trends & New Markets

Access 75+ in-depth reports on frontier industries. Gain exclusive market intelligence, understand market landscapes, and decode emerging trends to make informed decisions.

Hike Acquires YC Backed Zip Phone, Plans To Launch Free App-Based Voice Calling soon-Inc42 Media
Track & Decode the Investment Landscape

Stay ahead with startup and funding trackers. Analyse investment strategies, profile successful investors, and keep track of upcoming funds, accelerators, and more.

Hike Acquires YC Backed Zip Phone, Plans To Launch Free App-Based Voice Calling soon-Inc42 Media
Hike Acquires YC Backed Zip Phone, Plans To Launch Free App-Based Voice Calling soon-Inc42 Media
You’re in Good company