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Hike has acquired InstaLively; Entering livestreaming space?

Hike Messenger has acquired hyperlocal social networking app Pulse's parent InstaLively Livestreaming Pvt. Ltd., reports Inc42. Following the acquisition, InstaLively co-founders Prakhar Khanduja and Karthik Vaidyanath have both joined Hike Messenger, as indicated by their LinkedIn profiles. While Prakhar has joined the Growth team at Hike, Karthik is the Director of Engineering. It's worth noting that both joined Hike in February 2017, so the acquisition was possibly completed then or earlier. We've written to Hike Messenger to find out the size of the deal, the reasons for acqui-hiring InstaLively, and if the rest of the team at InstaLively has also been absorbed into Hike or not. We will update once we hear back. This acquisition equips Hike to enter the livestreaming space, and if they do take that step it will be a natural progression: - In November last year, Hike updated its app with a Snapchat-like feature called ‘stories’ where updates delete themselves 48 hours after posting, and an in-built camera with live filters. The company also mentioned that it will also launch a feature for video recording in the coming weeks. - The month before, in October, the company had launched video calling for Android users. - While, back in January 2015, Hike had acquired a VoIP (Internet Telephony) startup called Zip Phone. Zip Phone was initially released as ‘Awaaz’ a ‘plugin’ for Android phones, that enabled direct phone-to-phone (P2P) calling over WiFi, and later the app rebranded itself as Zip Phone. In January last year, Hike claimed it had more than 100 million registered users, but didn’t…

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