in January 2016 as per founder and company CEO, Kavin Bharti Mittal which added a further sixty million till May 2019. Over ten million mobile transactions were done on Hike as of November 2017 of which 70 percent were for various recharges, while 30 percent were peer to peer transaction (P2P). A further breakdown of 30 percent P2P transactions consists of 10 percent UPI payments, 10 percent Blue Packets which are virtual envelopes that users can insert money into and send to friends with personal messages, filters and 10 percent normal wallet transactions. During this time around Hike also recorded a 30 percent month after month rise in its active user base. Hike Messenger announced that it crossed five million monthly transactions within five months of Hike Wallet's launch at a 30 percent month after month growth which by December 2017 increased to ten million monthly transactions at a 100 percent month after month growth rate. Around 50,000 users are joining Hike Sticker Chat per day which the company wants to quadruple by the end of 2019. The initial target is capturing of 15 to 20 percent youth population in India and a wider base from tier-1 and tier-2 cities since maximum growth is coming from Pune, Ahmedabad, Mumbai and Jaipur. As of December 2019, the app has over two million weekly active users. Funding Hike raised its first round of funding of $7 million from Bharti Enterprises and SoftBank Group in April 2013. It again received a second round of investment of $14 million from Bharti Enterprises and Softbank Group in March 2014 to scale up operations when it crossed 15 million subscribers. In August 2014, Hike reached 35 million users and raised $65 million in a funding round led by Tiger Global. It raised $175 million in a Series D round of funding led by Tencent and Foxconn on 16 August 2016. After raising this round Hike reached the valuation of $1.4 billion and became the youngest startup in India to reach unicorn status, having achieved it in just 3.7 years after launch. Controversy Around January 2016, Hike spokesperson told Press Trust of India journalist that Facebook blocked an option in its advertisements which allows people to visit the Hike official website which they assumed to be an initial technical glitch, but later Facebook confirmed that certain products and services can't be advertised on its platform which stopped