Consumer Services

Consumer Services – Latest news, funding & startup financials, governments policies, sector landscape of Consumer Services in India

Well Intentioned But Misinterpreted: Zomato Responds To Ad Controversy

Well-Intentioned But Misinterpreted: Zomato Responds To Ad Controversy...

Gurugram-based foodtech Zomato recently released a statement in response to the criticism…

Laxitha M. 31st August, 2021

SoftBank May Lead $150 Mn Funding Round In Grocery Startup Grofers

Grofers Founder Defends 10-Minute Grocery Delivery; Say It’s Safe For ...

Grofers’ founder Albinder Dhindsa recently released a statement…

Chinmay P. 30th August, 2021

30% Google Play Store Lagaan On Transactions Will Hamper India’s Growt...

In September 2020, global tech giant Google stated…

Laxitha M. 27th August, 2021

Google’s Aditya Swami And Facebook’s Sandeep Bhushan Join Advertising Council’s Board

Google’s Aditya Swami And Facebook’s Sandeep Bhushan Join Advertising ...

Advertising Standards Council of India (ASCI) has announced…

Anvita P. 27th August, 2021

Delhi HC Issue Notice To Centre On WhatsApp’s Plea Of Message Traceability

Delhi HC Issues Notice To Centre On WhatsApp’s Plea Of Message Traceab...

The Delhi High Court on Friday has issued…

Debarghya S. 27th August, 2021

ISB Micro Fund Atrium Angels Featured Image

Atrium Angels Micro VC Fund Looks To Back Startups With ISB Founders

Micro VC funds are becoming more and more…

Laxitha M. 26th August, 2021

Nandan Nilekani Calls For Crypto To Be Seen As Investment Asset Class In India

Cryptocurrency Fantasy Gaming Platform Rainmaker Officially Launched

Cryptocurrency fantasy gaming platform Rainmaker was officially launched…

Chinmay P. 25th August, 2021

Curefoods Raises $13 Mn In Series A, Eyes Acquisitions In Online Delivery Space

Ankit Nagori’s Curefoods Raises $13 Mn, Eyes Acquisitions Of Digital-F...

Curefoods, the parent company of cloud kitchen startup…

Anvita P. 25th August, 2021

Social media platform HIke has raised an undisclosed amount of investment from iconic investors. Kavin Bharti Mittal, chief executive officer, announced that Hike has raised investments from Tinder cofounders Sean Rad and Justin Mateen, Softbank Vision Fund CEO Rajeev Mishra, Tribe Capital’s Arjun Sethi and others. The fresh round also brought founders of newly emerged unicorn startups such as Bhavin Turakhia and Kunal Bahl. Kunal Bahl and Binny Bansal also infused capital in the round. As per Mittal, Hike will utilise the capital to build platforms that will enable people to express themselves online through competition and interaction. The platform will further utilise the capital to hire talent from different sectors such as cryptocurrency, gaming and social media platforms. “The rapid technological evolution over the last few years has paved the way for massive disruption in social & gaming. There’s little to separate these 2 categories,” he wrote on Twitter announcing the investment. The round comes months after Hike shut down its flagship product HikeSticker Chat amidst WhatsApp contentious privacy policy. At the start of the year Mittal announced the launch of Rush – a new gaming service – and renamed Hikeland as Vibe. Hikeland was a mobile-first virtual world launched in 2020. Once seen as an Indian alternative to WhatsApp, Hike has over the years tried to offer various services such as wallet, Hikemoji, Hikeland, cricket scores, horoscope, among others to grab the market. However, WhatsApp’s simpler offering coupled with smooth use r experience prevented the majority of users from switching to Hike. Mittal, who is the son of billionaire Sunil Bharti Mittal, chairman of Bharti Enterprises, founded Hike in 2012. The startup enjoyed the support of marquee investors such as Foxconn, Tiger Global, SoftBank. The startup even joined the prestigious unicorn club after receiving investment worth $175 Mn in 2016. During that time, Hike boasted of having 100 Mn users of which 90% were from India. Majority of Hike’s users belonged to the age group of 15 and 24. Hike, which had invested in Indian gaming platform WinZo, received a four-fold return after it exited the company with $12 Mn this year. Hike participated in WinZo’s $5 Mn Series A investment along with Kalaari Capital.

Hike Receives Investment From Tinder Cofounders & Other Marquee Invest...

Social media platform Hike has raised an undisclosed…

Debarghya S. 24th August, 2021

Zomato To Invest $100 Mn In Grofers To Back Grocery Delivery Ambitions

Zomato Stock Plunges 9% In A Day As Lock-In For Anchor Investors Ends

Foodtech company Zomato’s shares fell 9% on the…

Deepsekhar C. 23rd August, 2021

headfone series a funding round

Tencent Looks To Lead Funding In Indian Audio Based Content Marketplac...

Chinese tech conglomerate Tencent is in talks to…

Chinmay P. 23rd August, 2021

What Big Tech Companies Investing In AR Means For Your Business

The Race for AR Glasses Starts Now The…

Sai K. 21st August, 2021

Stories that matter in Indian tech, in your inbox!