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Hike Messenger announces payment wallet, CEO says idea inspired by Tencent

Founder Kavin Bharti Mittal said the company raised $175 mn in August 2016 from investor Tencent

Kavin Bharti Mittal launches in-app Hike Walle
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Kavin Bharti Mittal launches in-app Hike Walle Photo: Karan Choudhury

Kiran Rathee New Delhi
Hike Messenger, which became a unicorn (private firms valued at more the $1 billion) last year, announced on Tuesday the launch of its wallet, becoming the first messaging app in India to launch online payments.

Hike, founded in 2012 by Kavin Bharti Mittal, who is the son of telecom czar Sunil Bharti Mittal, raised $175 million in August last year from investors such as Chinese internet firm Tencent and Foxconn, the Taiwanese contract manufacturer at a valuation of $1.4 billion.

The payment wallet is Inspired by WeChat — the messaging app owned by Tencent that allows users to shop, make