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April 28, 2013

Deal Alert: Messaging app startup hike raises $7-M from Bharti SoftBank

BSB, a joint venture between Bharti Enterprises and SoftBank Corp., focused on the mobile Internet space, has invested $7 million in hike, a free messaging app startup. hike, which crossed the 5 million users mark in four months after its launch in December 2012, offers seamless integration between Instant Messaging and SMS. About 60% of hike’s user base comes from India and the rest global led by Middle East and Europe.

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