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<ul><li><keyword id="44033" type="General" weightage="20" keywordseo="hike" source="Orion">Hike</keyword>’s <keyword id="13026722" type="General" weightage="20" keywordseo="rush-gaming-universe" source="Orion">Rush Gaming Universe</keyword> has clocked in $100 million in annualised gross revenue since launching in March 2021. </li><li><keyword id="1245893" type="General" weightage="20" keywordseo="rgu" source="Orion">RGU</keyword> plans to double its revenue by the end of the year, according to Hike’s CEO and founder <keyword id="6567188" type="General" weightage="20" keywordseo="kavin-bharti-mittal" source="Orion">Kavin Bharti Mittal</keyword>. </li><li>In an exclusive interview with Business Insider, Mittal explains how reaching that target involves NFTs, new games and new features. </li></ul>Hike’s mobile-only gaming platform, The Rush Gaming Universe (RGU), has hit $100 million in annualised gross revenue in 15 months since going live. According to Hike’s founder, Kavin Bharti Mittal, the game is likely to double its gross revenue before the end of the year. <div type="image" title="RGU." msid="92128510" hostid="261"></div> “A large part of it is double down on the NFTs we launched a couple of weeks ago. And, increasing their spread across the application,” Kavin Bharti Mittal told Business Insider in an exclusive interview. The bite-sized gaming application currently has 10 games. According to Mittal, another four will be added in the next quarter. RGU also plans to introduce tournaments and a leaderboard feature in the coming months as well. <div type="ExtQuote" text="One [of the games] that we’re specifically excited about is a Battle Royale game – a PubG system game, a SPS, on the platform," auname="Kavin Bharti Mittal, CEO and founder of Hike, told Business Insider"></div> <cmsannotation type="cmsannotation" annotationid="Web2 &amp; Web3" comment="subhead" text="Web2 &amp; Web3">Web2 &amp; <keyword id="12465420" type="General" weightage="20" keywordseo="web3" source="Orion">Web3</keyword></cmsannotation> RGU launched its <a href="https://www.businessinsider.in/cryptocurrency/news/rush-gaming-universe-announce-whitepaper-with-a-roadmap-to-create-new-economic-opportunities-for-indians/articleshow/91614549.cms">whitepaper</a> last month, in which the platform highlights its underlying aim to create new economic opportunities for its community. “We’re very excited about that. It’s a new way of operating in web2. In web3, you’re completely transparent and out there,” Mittal told Business Insider. The roadmap for the coming year includes the launch of a ‘Special Access NFT’, a token, and the creation of an NFT marketplace. “Our goal is to embed the NFTs deeper into the gameplay to show people within the application that this is a real asset. That you can play with it and also unlock new economic opportunities,” explained Mittal. Despite the recent economic downturn, Mittal remains optimistic that RGU will be able to weather the storm. According to him, unlike crypto exchanges – like Coinbase and Gemini who have been laying off employees – gaming within the scope of play to earn (P2E) will actually end up posing an opportunity, akin to what happened with Axie Infinity during the pandemic. “Gaming becomes a way for people to unlock economic opportunity,” he said.

EXCLUSIVE: Hike’s RGU hits $100 million in annualised gross revenue with eyes on $200 million by the end of the year

<ul><li><keyword id="44033" type="General" weightage="50" keywordseo="hike" source="Orion">Hike</keyword>’s <keyword id="13026722" type="General" weightage="80" keywordseo="rush-gaming-universe" source="Orion">Rush Gaming Universe</keyword> unveiled its whitepaper today. </li><li>The roadmap includes the launch of the <keyword id="37572" type="General" weightage="100" keywordseo="rush" source="Orion">RUSH</keyword> token and an array of non-fungible tokens (NFT), which includes avatars, special access and virtual land.</li><li>The Rush Gaming Universe will be built on the <keyword id="2462624" type="General" weightage="50" keywordseo="polygon" source="Orion">Polygon</keyword> blockchain.</li></ul>Hike’s Rush Gaming Universe (<a href="https://www.businessinsider.in/cryptocurrency/news/kavin-bharti-mittal-dives-into-what-hikes-version-of-the-metaverse-is-going-to-look-like/articleshow/89109609.cms">RGU</a>) unveiled its whitepaper today outlining the roadmap for how it plans to bring the platform on-chain. The plan involves a governance token, a two-currency economy and non-fungible tokens (NFTs). It’s the first mobile-only blockchain gaming platform to come out of India and its key challenge will be solving for awareness among the masses, who aren’t necessarily crypto-savvy, and scaling for a population of 1.4 billion. <div type="twitter" handle="kavinbm" handlename="Kavin (kbm.eth)" image="http://pbs.twimg.com/profile_images/1427156181370380288/h526snHE_normal.jpg" favoritecount="55" retweetcount="15" status="1/ GM! ☀️Today I'm super psyched to unveil the whitepaper for @RushGamingU - https://t.co/CbskviYZhMFor a slick… https://t.co/kKtWG00bPX" createdat="1652765713000" id="1526436155293859840"></div> One of the reasons that Axie Infinity saw <a href="https://www.businessinsider.in/investment/news/axie-infinity-saw-3-5-billion-nft-transactions-in-2021/articleshow/90153079.cms">massive success</a> was because players in South East Asia were looking for alternative revenue sources at a time when inflation was taking hold and the economic conditions were uncertain. <cmsannotation type="cmsannotation" annotationid="New economic opportunities" comment="subhead" text="New economic opportunities">New economic opportunities</cmsannotation> The point of RGU, as with any play-to-earn (P2E) platform, is to create new economic opportunities for its community. Currently, there are 10 games on the platform. Players can battle against each other in 2-player or 4-player matches. In 2022, RGU plans to introduce two new game formats – 1,000-player tournaments and clans – the details of which are still under wraps. The RUSH token, once RGU is on-chain, will represent the economic value of the network. Players owning the RUSH token will get to participate in the potential economic upside as the network grows in value as the contribution of the community grows <cmsannotation type="cmsannotation" annotationid="RGU wants to solve blockchain tokenomics" comment="subhead" text="RGU wants to solve blockchain tokenomics">RGU wants to solve blockchain tokenomics</cmsannotation> Gaming has a <a href="https://venturebeat.com/2022/04/28/animoca-brands-yat-siu-the-big-picture-view-of-blockchain-games/">love-hate</a> relationship with the blockchain. Hardcore gamers believe game-fi is making the actual games less entertaining. And, even though blockchain gaming saw incredible hype during the pandemic, the misalignment of in-game tokenomics, <a href="https://www.businessinsider.in/investment/news/axie-infinity-has-an-inflation-problem-and-without-more-players-its-going-to-be-a-tough-fix/articleshow/87840750.cms">leading to inflation</a> and subsequent drop in values, has even seasoned play-to-earn (P2E) gamers <a href="https://beincrypto.com/gaming-players-are-losing-interest-in-p2e-games-heres-the-fix/">losing interest</a>. The Rush Gaming Universe is trying to solve these two issues. One is keeping the focus on building AAA quality games, which they develop in house. And the other is the limited supply of NFTs or the upcoming RUSH token. There will only be 15,999 ‘Special Access Pass’ NFTs, scheduled to go on sale in June 2022, according to the <a href="https://whitepaper.rush.network/rush-gaming-universe-v1.0/On-chain/nfts/special-access-pass-nft">whitepaper</a>. The token supply of RUSH is capped at three billion. <cmsannotation type="cmsannotation" annotationid="What is the RUSH token anyway?" comment="subhead" text="What is the RUSH token anyway?">What is the RUSH token anyway?</cmsannotation> The RUSH token will be RGU’s governance token. It will essentially give players the right to vote on proposals, buy NFTs, and earn rewards through staking and gameplay. As the community and networks grow, the value of the token will grow. Half of the three billion tokens will be dedicated to the RGU ecosystem. This allocation will be used for gameplay, game-fi, community airdrops and to build the community. Around 30% of the RUSH token will be allocated to Hike and team building the RGU. This is to keep the team incentivised to keep building after a successful token sale, align the incentives of existing investors in the Hike team, and serve as a way for the Hike team to raise funds over time to fund further development of the project. Last week, Hike announced a <a href="https://www.businessinsider.in/cryptocurrency/news/kavin-bharti-mittals-hike-raises-fresh-funds-for-its-web3-play-to-earn-blockchain-gaming-project/articleshow/91373455.cms">fresh round of funding</a> led by Jump Crypto and saw participation from Tribe Capital and Republic Crypto as well. Before July, RGU plans to announce the Rush Special Access NFT sale. In the second half of the year, the RUSH token pre-sale will go live. RUSH staking – players will be able to place tokens as collateral in order to vote – and NFT staking will also be introduced alongside the launch of an in-house NFT marketplace. SEE ALSO: <a href="https://www.businessinsider.in/cryptocurrency/news/tether-losing-its-one-to-one-us-dollar-peg-exposed-its-vulnerability-and-a-way-to-build-confidence-in-the-stablecoin/articleshow/91578910.cms">Tether losing its one-to-one US dollar peg exposed its vulnerability — but also showed how the stablecoin can build confidence in the future</a> <a href="https://www.businessinsider.in/cryptocurrency/news/kavin-bharti-mittals-hike-raises-fresh-funds-for-its-web3-play-to-earn-blockchain-gaming-project/articleshow/91373455.cms">Kavin Bharti Mittal’s Hike raises fresh funds for its web3 play-to-earn blockchain gaming project</a> <a href="https://www.businessinsider.in/cryptocurrency/news/rush-by-hike-plans-to-turn-into-a-play-to-earn-game-with-polygon-matic-blockchain/articleshow/89154622.cms">Kavin Bharti Mittal's Hike partners with Polygon to bring the Rush Gaming Universe onto web3</a>

Rush Gaming Universe announces whitepaper with a roadmap to create new economic opportunities for Indians

<ul><li><keyword id="44033" type="General" weightage="100" keywordseo="hike" source="Orion">Hike</keyword> has raised a new round of funds from marquee web3 investors <keyword id="13620005" type="General" weightage="80" keywordseo="jump-crypto" source="Orion">Jump Crypto</keyword>, <keyword id="9200827" type="General" weightage="50" keywordseo="tribe-capital" source="Orion">Tribe Capital</keyword> and <keyword id="12309404" type="General" weightage="80" keywordseo="republic-crypto" source="Orion">Republic Crypto</keyword>.</li><li>The fresh funding will be used to bring Hike’s gaming platform, the Rush Gaming Universe, onto the blockchain. </li><li><keyword id="6567188" type="General" weightage="80" keywordseo="kavin-bharti-mittal" source="Orion">Kavin Bharti Mittal</keyword>, CEO and founder of Hike, wants to create a gaming experience where gamers are owners of the assets they create online.</li></ul> Kavin Bharti Mittal’s homegrown startup, Hike, has raised fresh funds for its gaming platform, the Rush Gaming Universe. Led by Jump Crypto, the round also saw participation from Tribe Capital and <keyword id="12968708" type="General" weightage="50" keywordseo="republic-capital" source="Orion">Republic Capital</keyword>’s Republic Crypto. The company has not disclosed the funds raised by the three investors. However, it plans to use most of these funds to build out their web3 vision for Rush Gaming Universe (RGU). Mittal wants to bring consumers in emerging markets like India on-chain by creating a blockchain gaming platform where users can play, earn and grow. <div type="ExtQuote" text="India being a mobile-first market needs a unique approach and our years of building for this market help tremendously in building a seamless user experience to bring the next billion users on-chain. We’re incredibly excited about the future" auname="Founder and CEO of Hike, Kavin Bharti Mittal"></div> <cmsannotation type="cmsannotation" annotationid="It takes time for technology to catch up" comment="subhead" text="It takes time for technology to catch up">It takes time for technology to catch up</cmsannotation> Mittal initially wanted to launch RGU on blockchain 15 months ago when they created the application. According to him, at the time, there were too many bottlenecks within the technology. It was only in January this year that <a href="https://www.businessinsider.in/cryptocurrency/news/rush-by-hike-plans-to-turn-into-a-play-to-earn-game-with-polygon-matic-blockchain/articleshow/89154622.cms">Hike partnered with Polygon</a> to bring RGU onto web3. The platform also airdropped non-fungible tokens (NFTs) called <keyword id="13842773" type="General" weightage="50" keywordseo="rush-avatars" source="Orion">Rush Avatars</keyword> to its existing users on the path to coming on-chain. In just 13 months since its launch in March last year, the Rush Gaming Universe is clocking in over 160 million gameplays every quarter with over $90 million in gross winnings annually across 1.8 million monthly active users (MAUs). <div type="image" title="IMG-20220506-WA0007" msid="91373637" hostid="261" caption="&amp;lt;p&amp;gt;Monthly active users, games played and gross winnings distributed.&amp;lt;/p&amp;gt;"></div> <cmsannotation type="cmsannotation" annotationid="Hike's new strategic investors" comment="subhead" text="Hike's new strategic investors">Hike's new strategic investors</cmsannotation> In building RGU’s vision for web3 gaming, Jump Crypto will serve as the market maker to help the platform navigate exchanges, Tribe Capital comes with years of expertise in the web3 world, while Republic Crypto will act as a token advisory and sale partner. <div type="ExtQuote" text="We’re excited to finally see a mobile-only product emerge in the web3 space. Gaming is going to be a gateway for the next billion users to come onto crypto and Hike’s Rush Gaming Universe is building a seamless web3 experience to enable that." auname="Arjun Sethi, Co-Founder and Partner at Tribe Capital"></div> The lead investor, Jump Crypto, has made over 23 investments in crypto projects globally including Streamflow, SnackClub, and Ethereum Push Notification Service (EPNS) – a homegrown blockchain communication decentralised application (dApp) founded by Harsh Rajat. SEE ALSO: <a href="https://www.businessinsider.in/cryptocurrency/news/bitcoin-craters-7-amid-broader-stock-market-sell-off-reinforcing-its-high-correlation-to-risk-assets/articleshow/91354850.cms">Bitcoin craters 7% amid broader stock market sell-off, reinforcing its high correlation to risk assets</a> <a href="https://www.businessinsider.in/cryptocurrency/news/bored-ape-yacht-club-drives-196-spike-in-weekly-nft-sales-these-were-the-5-best-selling-digital-collections-/articleshow/91322399.cms">Bored Ape Yacht Club drives 196% spike in weekly NFT sales. These were the 5 best-selling digital collections.</a> <a href="https://www.businessinsider.in/cryptocurrency/news/microstrategy-said-it-would-face-a-margin-call-and-be-forced-to-sell-some-of-its-crypto-if-bitcoin-falls-to-21000/articleshow/91320454.cms">Microstrategy said it would face a margin call and be forced to sell some of its crypto if bitcoin falls to $21,000</a>

Kavin Bharti Mittal’s Hike raises fresh funds for its web3 play-to-earn blockchain gaming project

<ul><li><keyword id="6567188" type="General" weightage="20" keywordseo="kavin-bharti-mittal" source="Orion">Kavin Bharti Mittal</keyword>’s Rush by Hike has partnered with the layer-2 blockchain platform, <keyword id="2462624" type="General" weightage="20" keywordseo="polygon" source="Orion">Polygon</keyword>.</li><li>The <keyword id="13026722" type="General" weightage="20" keywordseo="rush-gaming-universe" source="Orion">Rush Gaming Universe</keyword> is currently a web2 platform with an endeavour to turn itself into a play-to-earn (P2E) game that functions on the blockchain.</li><li>The whitepaper is set to launch next month.</li></ul>Kavin Bharti Mittal’s ‘Rush by Hike’ has announced that its newest endeavour to turn into a play-to-earn (P2E) game will be done on the Polygon blockchain. The two startups have partnered up to bring Hike’s Rush Gaming Universe into the web3 era. In a previous interview with Business Insider, Mittal <a href="https://www.businessinsider.in/cryptocurrency/news/kavin-bharti-mittal-dives-into-what-hikes-version-of-the-metaverse-is-going-to-look-like/articleshow/89109609.cms">revealed</a> that the game plans to launch its whitepaper in February. The company’s engineers had been experimenting with coding languages like Rust for Solana and Solidity for Ethereum, but seem to have finalised on Polygon’s MATIC which uses Golang, which is an open-source programming language compatible with Ethereum networks, for the next phase of development. <div type="ExtQuote" text="“With Polygon, we’re going to bring The Rush Gaming Universe on-chain in 2022 on top of the vast and vibrant Ethereum ecosystem to deliver on this vision.&quot;" auname="Kavin Bharti Mittal said in a statement"></div> According to him, the Rush Gaming Universe won’t be anything like Decentraland, Axie Infinity or any of the P2E games that users are familiar with so far. <cmsannotation type="cmsannotation" annotationid="What is the Rush Gaming Universe?" comment="subhead" text="What is the Rush Gaming Universe?">What is the Rush Gaming Universe?</cmsannotation> As things stand, the Rush Gaming Universe is a web2 platform. It’s available to play on mobile, where users can earn money — with a ₹3.5 cap a day in the free version — by playing different games like Quizzy and Carom. Mittal plans for going web3 were initiated a while back but the issue was scalability. Most blockchain-based platforms are smaller when they start out and they start on-chain. With the Rush Gaming Universe, however, the platform is already live and is doing 100 million gameplays every three months. That scale needs to be brought onto the blockchain now. According to Hike, Polygon has scaling solutions that remove that bottleneck in a cost-effective way. In the 12 months since it has launched, the platform is now bringing in $50 million annual recurring revenue (ARR). SEE ALSO: <a href="https://www.businessinsider.in/cryptocurrency/news/kavin-bharti-mittal-dives-into-what-hikes-version-of-the-metaverse-is-going-to-look-like/articleshow/89109609.cms">EXCLUSIVE: Kavin Bharti Mittal dives into what Hike’s version of the metaverse is going to look like</a> <a href="https://www.businessinsider.in/investment/news/profit-from-bitcoin-mining-is-shrinking-with-prices-in-the-dumps-and-difficulty-on-the-rise/articleshow/89106547.cms">Bitcoin mining profit is shrinking with prices in dumps and difficulty on the rise</a> <a href="https://www.businessinsider.in/investment/news/coindcx-hiring-2000-plus-people-this-year-crypto-coders-developers-product-development-and-other-roles/articleshow/88972086.cms">EXCLUSIVE: CoinDCX plans to hire more than 2,000 people this year — and they are not just looking at coders</a>

Kavin Bharti Mittal's Hike partners with Polygon to bring the Rush Gaming Universe onto web3

<ul><li>Hike’s whitepaper for going web3 is set to go live next month.</li><li>The process of taking <keyword id="13026719" type="General" weightage="20" keywordseo="rush-by-hike" source="Orion">Rush by Hike</keyword> on-chain will occur over the next three to six months.</li><li>In an exclusive interview with Business Insider, <keyword id="6567188" type="General" weightage="20" keywordseo="kavin-bharti-mittal" source="Orion">Kavin Bharti Mittal</keyword> shares details on what the Hike virtual world will look like.</li></ul>Tech entrepreneur Kavin Bharti Mittal is ready to enter the web3 universe with his app, Rush by Hike, this year. The founder and CEO of Hike plans to launch the whitepaper for the <keyword id="13026722" type="General" weightage="20" keywordseo="rush-gaming-universe" source="Orion">Rush Gaming Universe</keyword> next month, which will spell out the details of his vision and the tokenomics of the platform that Mittal and the Hike team have been building for a while now. <div type="ExtQuote" text="“We are releasing a white paper, it’s on-track to be released next month. And, that’s going to be talking about everything we’ll be doing on-chain.&quot;" auname="Kavin Bharti Mittal revealed in an exclusive interview with Business Insider"></div> The details are still a work in progress and will be revealed over the next three to four weeks. However, Mittal hinted at non-fungible tokens (NFTs), Hike’s own cryptocurrency and other economic opportunities for players looking for ownership of their digital assets. Simply put, the Rush Gaming Universe will be a community-led virtual world where users will be able to own what they create and earn from the time they spend online. <div type="ExtQuote" text="“The Rush Gaming Universe is a social gaming universe. We call it a ‘virtual world’ — we differentiate that from the ‘metaverse’ a little bit. For us, the metaverse is simply an upgrade of the internet.”" auname="Kavin Bharti Mittal told Business Insider"></div> <cmsannotation type="cmsannotation" annotationid="A made-in-India wallet" comment="subhead" text="A made-in-India wallet">A made-in-India wallet</cmsannotation> The number of people who have access to the internet in India has surged over the past decade. But, most of these people are accessing the online world through their phones — not through laptops or desktops. Meanwhile, when it comes to web3 and decentralised applications (DApps), they have thus far only been built for access through web browsers — like Chrome and Firefox — or using web extensions. “The only way for us to go along with everything we’re launching is to explore our own wallet or go work with a partner who has made a lot of progress,” Mittal explained. “We’re very close to making a decision. We’re exploring both opportunities. What we’ll do, we’ll know probably in a week, a week and a half.” And, where there’s a wallet, they have to be digital assets, whether those are NFTs or fungible cryptocurrency. <cmsannotation type="cmsannotation" annotationid="Non-fungible tokens in a play-to-earn (P2E) world" comment="subhead" text="Non-fungible tokens in a play-to-earn (P2E) world">Non-fungible tokens in a play-to-earn (P2E) world</cmsannotation> To the layman, Hike’s avatars may not look like anything more than digital headshots. However, each avatar is meant to be unique to each user. Just like the underlying philosophy behind a non-fungible token (NFT). To be fair, avatar NFT projects aren’t new. The Bored Ape Yacht Club, CryptoPunks, CryptoKitties, Meebits, and Cool Cats are some popular examples that saw explosive growth over the past one year. But, the space is far from saturated. Many consider avatars to be one of the most burgeoning subsets within the NFT ecosystem with users looking to create their own unique identities within virtual worlds. <cmsannotation type="cmsannotation" annotationid="It’s going to take another three to six months to hammer out the details" comment="subhead" text="It’s going to take another three to six months to hammer out the details">It’s going to take another three to six months to hammer out the details </cmsannotation>Rush by Hike has a Telegram community of more than 50,000 subscribers. And, the team behind the gaming platform engages with fans for feedback on the gameplay, avatars, what games they would like to see next and other aspects. “And, the community actually votes, by the way. So they have a large role to play in the roadmap of the platform, which is how the web3 community is actually built,” Mittal revealed. Earlier this month, the community actually voted for their own moderators — an indicator of self-organisation. “It gives you a sense of what’s possible already. As you bring things on-chain, in say the next three to six months, when you share incentives building the Rush Gaming Universe, then so much more is possible, ”he added, hinting at the possibility of a governance token. Members of Hike’s team have already been experimenting with RUST for Solana, Solidity for Ethereum and other programming languages. However, there’s no final word on which blockchain Hike will choose to go with at the end of the day. Moreover, most crypto projects start small on-chain themselves. However, with Hike, Mittal plans to bring what’s already happening off-chain onto the blockchain. “We’re already doing 100 million games a quarter. You can’t put that on a blockchain immediately,” explained Mittal. <div type="ExtQuote" text="“The Rushing Gaming Universe aims to be one of the prominent virtual worlds within the metaverse. Inside which, you’ll have plenty of opportunities to become owners in the economies, in the networks, in the gameplay, and so on and so forth.”" auname="Kavin Bharti Mittal told Business Insider"></div> In order to build out his web3 vision for the Rush Gaming Universe, Mittal plans to expand the current team by 40% this year from its current strength of 145. “We’re hiring mostly product people, designers and engineers. And, a couple of other positions like chief of staff or chief economist and so on,” he said. SEE ALSO: <a href="https://www.businessinsider.in/cryptocurrency/news/bitcoin-recovers-with-equity-markets-but-altcoins-are-still-struggling-to-find-a-bottom/slidelist/89107434.cms">Bitcoin recovers with equity markets, but altcoins are still struggling to find a bottom</a> <a href="https://www.businessinsider.in/investment/news/profit-from-bitcoin-mining-is-shrinking-with-prices-in-the-dumps-and-difficulty-on-the-rise/articleshow/89106547.cms">Bitcoin mining profit is shrinking with prices in dumps and difficulty on the riseBitcoin mining profit is shrinking with prices in dumps and difficulty on the rise</a> <a href="https://www.businessinsider.in/investment/news/coindcx-hiring-2000-plus-people-this-year-crypto-coders-developers-product-development-and-other-roles/articleshow/88972086.cms">EXCLUSIVE: CoinDCX plans to hire more than 2,000 people this year — and they are not just looking at coders</a>

EXCLUSIVE: Kavin Bharti Mittal dives into what Hike’s version of the metaverse is going to look like

<ul><li>Hike is looking to hire 30 new employees and will hand out referral bonuses in <keyword id="695282" type="General" weightage="20" keywordseo="eth" source="Orion">Eth</keyword>er (ETH), the native cryptocurrency of the Ethereum blockchain.</li><li>It’s looking to find people to fill the roles of ‘chief meme officer’ and ‘<keyword id="12774280" type="General" weightage="20" keywordseo="crypto-game-economist" source="Orion">crypto game economist</keyword>’.</li><li>Having raised funds for the first time in five years in August, the company had said that it would use the new capital to hire new teams and expand its product strategy.</li></ul><keyword id="6567188" type="General" weightage="20" keywordseo="kavin-bharti-mittal" source="Orion">Kavin Bharti Mittal</keyword>, the founder of messaging app Hike and Indian telecom baron Sunil Mittal’s son, is offering anyone Ether (ETH) tokens in return for referring new employees for his company. The initiative is for Hike’s new gaming initiative, called the Rush Gaming Universe. The company is planning on adding around 30 new employees to its existing roster of 140. The <a href="https://hikeapp.notion.site/hikeapp/Work-at-Hike-e3b4884f45164bad8f67c10dae555ffd#2c2cebff92264113ac220fa487bec706">positions include roles</a> like ‘crypto game economist’, ‘chief meme officer’ and ‘senior product manager - crypto’. The company is offering ETH referrals for 10 roles, and there’s a total of 4 ETH – which is around ₹11.6 lakh at the time of writing — up for grabs. This includes 1 ETH each for referring a ‘crypto game economist’ and ‘chief of staff’ for Mittal’s office. Full list of roles Hike is hiring for as of December 20: <table style="border-width: initial; border-style: none; table-layout: fixed; width: 451.276pt;"></colgroup><tbody><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Role </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Bounty </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Crypto Game Economist </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">1 ETH </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Chief of Staff, CEO Office </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">1 ETH </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Senior Product Manager - Crypto/Gaming </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">0.5 ETH </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Chief Meme Officer </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">0.25 ETH </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Engineering Manager, Gaming </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">0.25 ETH </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Principal ML Scientist </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">0.20 ETH </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Software Engineer, DevOps </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">0.20 ETH </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Backend Engineer, Gaming </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">0.20 ETH </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Senior Analyst, Product/Revenue </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">0.20 ETH </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">SDET - iOS </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">0.20 ETH </td></tr></tbody></table> <cmsannotation type="cmsannotation" annotationid="New funding to fuel new talent" comment="subhead" text="New funding to fuel new talent">New funding to fuel new talent </cmsannotation>The ailing firm, which shut down its messaging app earlier this year, had raised funds for the first time in five years this August. While Hike didn’t disclose the amount raised, the round included Tinder co-founders Justin Mateen and Sean Rad, SoftBank Vision Fund’s chief executive Rajeev Misra, Zeta co-founder Bhavin Turakhia and Cred’s Kunal Shah, among others. “The rapid technological evolution over the last few years has paved the way for massive disruption in social and gaming. There’s little to separate these two categories. Gaming is now inherently social, evolving into a new way for people to hang out and interact in the virtual world,” Mittal said at the time. Hike was going to use the new funds to expand hire across functions and expand its product strategy. And, a part of it at least, seems to involve cryptocurrencies and Web3. SEE ALSO: <a href="https://www.businessinsider.in/cryptocurrency/news/india-may-ask-crypto-exchanges-to-appoint-grievance-officers-in-crypto-bill/articleshow/88384965.cms"></a><a href="https://www.businessinsider.in/cryptocurrency/news/india-may-ask-crypto-exchanges-to-appoint-grievance-officers-in-crypto-bill/articleshow/88384965.cms">India’s crypto bill may take a page out of the new IT rules and ask exchanges to appoint a grievance officer</a> <a href="https://www.businessinsider.in/cryptocurrency/news/heres-what-the-government-has-been-discussing-behind-closed-doors-as-it-looks-to-regulate-crypto-in-india/articleshow/88311964.cms">INTERVIEW: The Indian Government is asking experts these questions as it mulls over the crypto bill — and the metaverse isn’t one of them yet</a> <a href="https://www.businessinsider.in/cryptocurrency/news/imfs-gita-gopinath-wants-a-global-policy-on-cryptocurrencies-not-a-ban/articleshow/88316458.cms">IMF’s Gita Gopinath wants a global policy on cryptocurrencies – not a ban</a>

Kavin Bharti Mittal's Hike is offering ETH to anyone who find a 'chief meme officer' or a 'crypto game economist' for the company

<ul><li><a href="https://www.businessinsider.in/trendsfestival" data-type="tilCustomLink">Global Trends Festival</a> is one of the world's most prestigious events which will be live from Oct 19-23.</li><li>While nobel laureates, some of the biggest political and corporate icons will provide thought leadership, it's a great platform to network with CXOs from around the world.</li><li><a href="https://www.businessinsider.in/trendsfestival" data-type="tilCustomLink">Global Trends Festival 2020</a> is presented by <a href="https://www.businessinsider.in/trendsfestival" data-type="tilCustomLink"></a><a href="https://aws.amazon.com/" data-type="tilCustomLink">AWS</a>.</li><li>Register for the <keyword id="10088455" type="UNKNOWN" weightage="20" keywordseo="global-trends-festival">Global Trends Festival</keyword> <a href="https://www.businessinsider.in/trendsfestival" data-type="tilCustomLink"></a><a href="https://www.businessinsider.in/trendsform_2020.cms" data-type="tilCustomLink">here</a>.</li></ul> Social connection is a core human need. And the time is ripe for tapping into the virtual economy, which is poised for growth. So believes Kavin Bharti Mittal, one of India’s young entrepreneurs, who turned his start-up into a unicorn within four years of its launch. <keyword id="866223" type="PERSON" weightage="20" keywordseo="Kavin-Mittal">Kavin Mittal</keyword> was in Imperial College in London when the iPhone had just launched, and an app ecosystem was being actively built. The young 20-year old jumped into the ring and launched an app called Movies Now (not to be confused with the TV channel), which was Apple’s first ticketing app. By the time he finished his course and came home, he decided not to join his father, Sunil Bharti Mittal’s Airtel, unlike his twin brother Shravin. Instead, in 2012, he focussed on developing India’s first homegrown messaging platform, <keyword id="44033" type="PERSON" weightage="20" keywordseo="hike">Hike</keyword>. The app captured the imagination of the young, and soon Tencent invested $175 million, and its valuation rose to nearly $1.4 billion. Kavin’s zen-like approach to business and his calm demeanour helped even as the app ecosystem turned competitive. He unbundled the super app into messaging and gaming and creating new-age virtual experiences. Hike Moji is a way to communicate via emojis, while Hike Land is its innovative tryst with social media. He is also actively looking for ways to earn more revenue from its users, and virtual currency is one of them. At the Global Trends Festival 2020, Kavin will share insights on India’s internet users, emerging trends, and ways in which companies can capitalize on bringing the next 200 million Indians to spend online. SEE ALSO: <a href="https://www.businessinsider.in/trendsfestival" data-type="tilCustomLink"></a><a href="https://www.businessinsider.in/business/news/watch-sangita-reddy-president-ficci-speak-about-women-entrepreneurship-and-economic-leadership-at-the-global-trends-festival-2020/articleshow/78574587.cms" data-type="tilCustomLink">Watch Sangita Reddy, President, FICCI, speak about women entrepreneurship and economic leadership at the Global Trends Festival 2020</a> <a href="https://www.businessinsider.in/trendsfestival" data-type="tilCustomLink"></a><a href="https://www.businessinsider.in/business/news/watch-out-for-prajakta-koli-the-social-media-queen-at-the-global-trends-festival-2020/articleshow/78566982.cms" data-type="tilCustomLink">Watch out for Prajakta Koli, the social media queen at the Global Trends Festival 2020</a> <a href="https://www.businessinsider.in/trendsfestival" data-type="tilCustomLink"></a><a href="https://www.businessinsider.in/business/news/robert-lewandowski-named-europes-footballer-of-the-year-2019-20-will-speak-at-the-business-insider-global-trends-festival/articleshow/78540478.cms" data-type="tilCustomLink">Robert Lewandowski, named Europe’s Footballer of the Year 2019-20, will speak at the Business Insider Global Trends Festival</a>

Watch Kavin Mittal speak about the potential of virtual economy, tapping into Bharat users, and more at Global Trends Festival 2020

<ul><li>In an interview with Business Insider, <keyword id="6567188" type="UNKNOWN" weightage="20" keywordseo="Kavin-Bharti-Mittal">Kavin Bharti Mittal</keyword>, founder &amp; CEO of <keyword id="1868750" type="PERSON" weightage="20" keywordseo="Hike-Messenger">Hike Messenger</keyword> said that he wants to employ psychologists to understand “why people do what they do?” </li><li>The game designers will be working on the Hike’s new social experience — <keyword id="8713739" type="UNKNOWN" weightage="20" keywordseo="hikeland">HikeLand</keyword>. </li><li>Hike is also looking for a crypto economist. The role demands digital skills including blockchain, consensus algorithms, bonding curves, mining.</li></ul>While the world is moving towards mainstream IT roles and emerging technologies like AI and data science, instant messaging platform Hike is looking to hire game designers, economists and psychologists. In an interview with Business Insider, Kavin Bharti Mittal, founder &amp; CEO of Hike Messenger said that he wants to employ ‘smart’ people to fit into the company’s fast-paced culture. “One thing about us is, we like keeping our teams small. We’re 150 people and we like that size. We’ll be hiring game designers, economists and psychologists — for a deeper understanding about why people do what they do?” Mittal said. The game designers will be working on the Hike’s new social experience — HikeLand, he added. He said that Hike has no ties with the offline world — which explains the lower demand for technology roles. <div type="Youtube" id="yU0IcyPgCpU" title="Kavin Mittal, Founder &amp; CEO, Hike shares his 2020 vision" thumbUrl="https://i.ytimg.com/vi/yU0IcyPgCpU/mqdefault.jpg"></div>

 In his recent tweet, Mittal also advertised for the opening of a crypto economist for Hike. The role demands digital skills including blockchain, consensus algorithms, bonding curves, and <keyword id="179198" type="TECHNOLOGY" weightage="20" keywordseo="data-mining">data mining</keyword>. “It is someone who can help us explore and design a new type of blockchain economy. You should have a deep understanding of blockchain, consensus algorithms, bonding curves, mining and more,” he tweeted. <div type="twitter" handle="kavinbm" handlename="Kavin Bharti Mittal" image="http://pbs.twimg.com/profile_images/1215423641204088833/eVf11liQ_normal.jpg" favoritecount="177" retweetcount="39" status="🙅‍♀️We're hiring a Crypto Economist! 🙅‍♂️ Someone to help us explore &amp; design a new type of blockchain economy. Yo… https://t.co/21QXvKoEfx" createdat="1581054102000" id="1225655858308116481"></div>

 Mittal also added that the company is looking for typical quintessential technical roles — including front-end engineers, backend engineers, ML scientists, UX designers. However, he emphasised that they hire very ‘selectively.’ “We are looking to expand our team but we hire very selectively. That’s because we like running small teams. We will at maximum add 50 people in 2020 — taking the total headcount to 200 employees,” he said. The seven-year old chatting platform is now set to launch its new feature with enhanced user experience called HikeLand. The company is also looking to experiment with revenues this year — to trade off between what can be offered free and what has to be kept as a paid service. Mittal claims that the messenger app had over two million active users every week, as of December 2019. See also: <a href="https://www.businessinsider.in/tech/apps/news/exclusive-kavin-mittal-says-hike-will-look-to-make-money-this-year-heres-how/articleshow/73924944.cms">Exclusive: Kavin Mittal says Hike will look to make money this year —here's how</a> <a href="https://www.businessinsider.in/hike-takes-on-snapchat-launches-in-built-camera-with-face-recognition-skills-and-other-new-features/articleshow/55473215.cms">Hike takes on Snapchat, launches in-built camera with face recognition skills and other new features</a>

Hike is hiring game designers, economists and psychologists to build a ‘smart’ team

<ul><li>Speaking at the Business Insider Global Trends Festival 2020, <keyword id="866223" type="PERSON" weightage="20" keywordseo="Kavin-Mittal">Kavin Mittal</keyword> of <keyword id="44033" type="PERSON" weightage="20" keywordseo="hike">Hike</keyword> said <keyword id="6354632" type="UNKNOWN" weightage="20" keywordseo="social-media">social media</keyword> companies grow at the back of the customer data. “Your data, my data – but where’s my cut?” he said. </li><li>The average <keyword id="6262601" type="UNKNOWN" weightage="20" keywordseo="indian-social-media">Indian social media</keyword> user spends 17 hours on platforms every week and consumes over 8.3 gigabytes of data. </li><li>The next big money from social media will come from ads, micropayments and commerce.</li></ul>India is one of the world's biggest markets for social media. But India's homegrown social media startup Hike's founder Kavin Mittal has a question that he believes can change the way we look at social media in the country – what happens when the customers ask for their cut from these platforms for using their data? According to McKinsey's report, the average Indian social media user spends 17 hours on platforms every week and consumes over 8.3 gigabytes of data – that's higher than the average data usage in the US or China. And this enormous data and user numbers, which is only set to get higher (India's total internet users could cross 800 million by 2023), has got social media platforms like Facebook, Twitter, setting up shop in India, and feeding on the data produced in India. Speaking at the Business Insider Global Trends Festival 2020, Mittal said, "It's fascinating to see all these social media companies grow at the back of the customer data. Your data, my data – but where's my cut? Customers being the owner of their own data – this is going to be a radical transformation, especially in a market like India." Mittal believes that is the next big leg of monetisation of social media in India, which has so far been riding on ad revenues. The next big money from social media – ads, micropayments and commerce There’s been a lot spoken about the next big wave of social media and the power of revenue it will bring with it. However, even with the millions of new users coming in, Mittal believes that the cost per thousand is still very low in India and so micropayments or small transactions made by users online will be another thought that drives monetization. However, <keyword id="3395480" type="PERSON" weightage="20" keywordseo="Farid-Ahsan">Farid Ahsan</keyword>, founder of <keyword id="3358959" type="PERSON" weightage="20" keywordseo="ShareChat">Sharechat</keyword>, one of India’s largest home grown platforms, still swears by the ad revenue model. “We are not against any sort of monetisation in a low ARPU economy like India. It's important that you are able to build revenue in a way that it's a win-win for everyone whether it's the brand, platform or the user,” said Ahsan. Ahsan believes that the combination of ads and micropayments will lead to a commerce-driven economy. The idea of clubbing ads, micropayments and commerce has also seen the rise of the social commerce vertical in India with homegrown players like Meesho (backed by Facebook), having rapidly made a mark in India. “All of these platforms will eventually become communities with their own economies where there are creators, brands, and consumers. That’s honestly how a platform should be defined – the net GMV of a platform is much larger than what the platform can actually monetize,” he said. SEE ALSO: <a href="https://www.businessinsider.in/business/startups/news/uber-bus-pradeep-parameswaran-says-india-and-apac-will-follow-egypt-success/articleshow/78788982.cms">EXCLUSIVE: Uber Bus in India soon? Head of Mobility in APAC says he is ready to import the Egypt experiment</a>

‘Where’s my cut?’ the question that can revolutionise social media

Kavin Mittal, Founder & CEO, Hike shares his 2020 vision

<ul><li>Hike is looking to hire engineers who lost their jobs and freshers to fill in around 20 new positions at the company.</li><li>In an exclusive interview with Business Insider, Anshuman Mishra, the VP of Operations at Hike outlines the four-stage process that candidates have to go through to get selected.</li><li>Some of the roles that they’re looking at include areas like artificial intelligence (AI) and machine learning (ML), and user research.</li></ul>The Kavin Mittal-owned startup, Hike, is opening up hiring during the lockdown even as most companies have announced a . As they work towards launching HikeLand — an augmented reality-based based experience that nobody really knows much about — it has opened up around 20 positions to add to their 152-strong staff. And, all the hiring will happen virtually. In addition to looking at freshers from <keyword id="6364832" type="UNKNOWN" weightage="20" keywordseo="IIT-Kharagpur">IIT Kharagpur</keyword>, IIT Dhanbad, Netaji Subhas University of Technology (NSUT) and some other top tier colleges through its ZeroTo2 program — Hike is also looking to hire people who were laid off during the lockdown in hopes of picking up top talent on the rebound. “We are reaching out to alumni networks, mapping and prioritising high pedigree candidates facing job and salary cuts and are actively accepting requests from organisations looking for outplacement support,” Anshuman Mishra, the VP of Operations at Hike exclusively told Business Insider. The loopholes that candidates will have to jump through in order to get hired “Once a candidate’s profile is shortlisted, we share custom-designed stimulations and assignments — depending on the role they have applied for — with each candidate. We have been using tech tools like Hackerank and in-house developed simulations,” explained Mishra. Each simulation will have a cut-off and the scores will be compared to select the top performers depending on the number of positions available. “We use top percentiles to decide real-time thresholds for cutoffs, so that bar is always high,” said Mishra. Once the top candidates have been selected, they will move to the second stage — interviews. Not just one, but every candidate will have to go through at least four rounds of interviews for Hike to evaluate their competency. The interview stage is followed by one more check that candidates will have to clear — how they fit into the overall culture at Hike. “We introduce the candidates to Hike and assess how well do they align to Hike’s values, DNA and vision,” said Mishra. Some of the roles that they’re looking at include areas like artificial intelligence (AI) and machine learning (ML), and user research over and above the conventional hiring in product, design and marketing. SEE ALSO: <a href="https://www.businessinsider.in/business/news/covid-effect-startups-staring-at-revenue-decline-many-in-process-of-closing-down/articleshow/75832629.cms">COVID effect: Startups staring at revenue decline, many in process of closing down</a> <a href="https://www.businessinsider.in/tech/news/youtube-talent-managers-share-the-biggest-challenge-they-face-in-helping-build-an-influencers-career/articleshow/75853240.cms">YouTube talent managers share the biggest challenge they face in helping build an influencer's career</a> <a href="https://www.businessinsider.in/business/corporates/news/hiring-at-infosys-and-tech-mahindra-is-down-40-in-line-with-the-trend-in-top-five-it-firms-and-its-not-just-because-of-covid-19/articleshow/75669358.cms">Hiring at Infosys and Tech Mahindra is down at least 40% in line with the trend in top five IT firms⁠— and it's not just because of COVID-19</a>

EXCLUSIVE: Hike is looking for engineers who lost their jobs during lockdown ⁠— here’s a behind-the-scenes look at the test candidates have to go through

<keyword id="806712" type="UNKNOWN" weightage="20" keywordseo="Kavin">Kavin</keyword> Bharti Mittal, CEO &amp; Founder of Hike Messenger launched new features on the app like Stories, Live filters, and Camera integration to take on Snapchat and other social media platforms. 
 
‘There’s a lot of deep thought behind this idea. Hike is the place where a user can be themselves; We have seen a rise in hidden chats because of that. We hope these features make the product more engaging for our 100 million monthly users.’ Kavin accepts that they have not seen a rise in the 100 million monthly user base and by launching these features coupled with the rise of 4G, he hopes to get more people on Hike. 
Mittal believes that messaging will the change the way you interact with products and services especially in a mobile- first market like India. 
 Speaking to <keyword id="824043" type="COMPANY" weightage="20" keywordseo="Business-Insider">Business Insider</keyword>, he says that the app model is broken,’We want to add videos to our platform and add more localized filters. Our users are on the app for 20 minutes on an average in a day, we want them to be engaged.’ 
 
<a href="http://www.businessinsider.in/Flipkart-Snapdeal-and-Shopclues-agree-Demonetization-has-been-a-boon-in-disguise/articleshow/55477332.cms">ALSO READ: Flipkart, </a><a href="http://www.businessinsider.in/Flipkart-Snapdeal-and-Shopclues-agree-Demonetization-has-been-a-boon-in-disguise/articleshow/55477332.cms">Snapdeal</a><a href="http://www.businessinsider.in/Flipkart-Snapdeal-and-Shopclues-agree-Demonetization-has-been-a-boon-in-disguise/articleshow/55477332.cms">, and Shopclues agree: Demonetization has been a boon in disguise</a> 
 
He didn’t rule out <a href="http://www.businessinsider.in/EXCLUSIVE-Olas-COO-talks-about-all-the-aces-to-take-on-competition-from-Uber-in-2017/articleshow/55477059.cms">commerce transactions happening </a>on hike, in the coming future.’Social has changed and we are always expectations. Eventually, it will come, we have had this idea for the past five years. We will hopefully get to that end of 2017, right now we want to focus on the social side of things’. 
 
<a href="http://www.businessinsider.in/The-pros-and-cons-of-e-wallets-like-Paytm-Freecharge-and-Mobikwik/articleshow/55437683.cms">He says that consumer tech always happens top-down. </a>He also laments that the data customers are stuck at 180-190 million customers, and that’s one of the reasons why they have been consistent with the number of people on the platform. 
 
‘This is the kind of stuff that brings people online. But most importantly the infrastructure has to get better, even in 4G networks, we don’t see the speed we should be seeing. The promises of 20 Mb/sec become 1 Mb/sec, which is not good for any of us. Our focus is to build a great app for 4G, around 20% of our users are already using 4G.’

You Searched For "Kavin Mittal" and got 12 results

EXCLUSIVE: Hike’s RGU hits $100 million in annualised gross revenue with eyes on $200 million by the end of the year

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Rush Gaming Universe announces whitepaper with a roadmap to create new economic opportunities for Indians

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Kavin Bharti Mittal’s Hike raises fresh funds for its web3 play-to-earn blockchain gaming project

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Kavin Bharti Mittal's Hike partners with Polygon to bring the Rush Gaming Universe onto web3

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EXCLUSIVE: Kavin Bharti Mittal dives into what Hike’s version of the metaverse is going to look like

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Kavin Bharti Mittal's Hike is offering ETH to anyone who find a 'chief meme officer' or a 'crypto game economist' for the company

BI India Bureau

Watch Kavin Mittal speak about the potential of virtual economy, tapping into Bharat users, and more at Global Trends Festival 2020

BI India Bureau

Hike is hiring game designers, economists and psychologists to build a ‘smart’ team

Prerna Sindwani

‘Where’s my cut?’ the question that can revolutionise social media

Sanchita Dash

Kavin Mittal, Founder & CEO, Hike shares his 2020 vision

Business Insider India

EXCLUSIVE: Hike is looking for engineers who lost their jobs during lockdown ⁠— here’s a behind-the-scenes look at the test candidates have to go through

Prabhjote Gill

EXCLUSIVE: Kavin Mittal says that Hike likely to have transactions on its platform by the end of 2017

Tanya

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