India’s homegrown Instant Messaging service company Hike has announced it acquired Zip Phone a free voice calling company. This move is done for expanding its footprint in the Internet environment.
To set the setting right, Zip phone was an exclusive startup established by Anuj Jain in US. The Voice calling application likewise made to the Y combinator lists Summer cluster a year ago. This procurement will help Hike to coordinate the voice calling service facility into their application so it turns into an undeniable specialized communication tool utilizing Internet community.
Mr Kavin Bharti said that “From day one we’ve strongly believed that through communication, we can bring India online. With the acquisition we take one more step towards that mission. Zip Phone’s technology will allow us to bring free voice calling to the market much faster. Incidentally, this is one of the top requested features from our users as well. We can’t wait to launch this on hike.”
Hike was started its service in December 2012 and rapidly gotten up to speed with the users and the referring entice they utilized was a pay per install system wherein each user who installed the application received Rs 20 talktime for referrals. They were additionally the first to think of local stickers that render a desi touch to the application. It is the main IM application which gives you a chance to message your friends without an Internet connection.
The recent purchase demonstrates how new companies have been acquired by other littler new businesses startups from scratch as it comes for adding of new features to its core application. We could watch the same phenomena when Facebook bought WhatsApp just about a year prior for an incredible aggregate of cash.