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Updated Apr 10, 2021 | 10:08 IST
It is raining unicorns in India. Six start-ups entered the elite club this week. But, did you know that some Indian unicorns have lost their way over the years? (Representational Image)
This has clearly been the unicorn week. India’s startup scene added six unicorns in 5 days - Meesho, a social commerce platform; Cred, a members-only credit card bill payment platform; Groww, a millennial focussed investing app; ShareChat, a social networking service; Gupshup, a messaging services company, and Pharmeasy, a one-stop online medical platform. Three of these start-ups – Meesho, CRED, and Sharechat – now stand at valuations as high as $2 billion.
App-ology: 10 apps masquerading as genuine alternatives to crowd-favourite apps
The idea of ‘Atmanirbhar Bharat’ has caused a spike in the number of made-in-India apps that are nothing but a copy of the originals, which have either been developed or are based overseas.
Feb 16, 2021 09:53:20 IST
Why innovate when you can duplicate? Several made-in-India apps are nothing but a copy of apps that have been a hit with the masses. Image: Tech2
For the last few days, India has been waking up to ‘Koo, koo’. Except, these aren’t melodious calls of an adorable koel, but rumblings of a new, made-in-India social platform that is being billed as a true-blue rival to microblogging giant Twitter. From news of prominent government figures and departments joining and actively pushing Twitter users to switch to Koo, to cyber expert Elliot Alderson pointing out how the platform left users’ data out in the open, Koo certainly has the kind of attention its founders would have only dreamt
Hike messaging app pulled down from Google Play Store and Apple App Store
Hike official said that global companies like Telegram, Signal were too strong and unless India bans foreign firms, it is difficult for homegrown apps.
Jan 18, 2021 16:57:43 IST
Hike messaging app or Hike Sticker Chat has been shelved citing inability to compete with foreign messaging apps. The free cross-platform instant messaging application was launched in 2012 and CEO Kavin Bharti Mittal announced earlier this month that they will be drawing the curtains soon. In a tweet made on 6 January, Mittal said: “Today we’re announcing that we will be sunsetting StickerChat in Jan’21. We thank you all for giving us your trust. We wouldn’t be here without you”. He added that the firm was being reimagined as ‘Vibe and Rush’ which will have Hike’s special emojis and its name: Vibe by Hike.
Hike shuts messaging app, shifts focus to new social offerings
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Last Updated: Jan 19, 2021, 08:21 AM IST
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Synopsis
Hike has so far raised over $260 million from investors, including Chinese internet giant Tencent Holdings, manufacturing firm Foxconn Technology Group and the Bharti group
Agencies
Hike Founder Kavin Bharti Mittal.
Hike has shut down its messaging service, with the company, which counts Softbank, Tencent, Foxconn and Tiger Global as investors, shifting focus to two new social products Rush and Vibe.
Kavin Bharti Mittal, CEO of Hike Messenger, through his Twitter handle, said the Hike chat app would be shutting down from January 15, 2021. “Today, we are announcing that we will be sunsetting StickerChat in Jan’21,” Mittal had recently tweeted.