Hike within a few months of its launch in December 2012 by Bharti enterprises, caught user's fancy almost immediately. By the end of 2015, it has crossed 70M+ users.
Here are the reasons for Hike's failure:

The company only targeted people between the age of 18-30. They failed to realise that messenger is a need of every age group people.

The management tried to bring so many innovations to the app which includes games, messages, payments and sticker options.
At that time, it was too complex for a user to use all these features.

Because of too many features, the app size was about 75MB.
In 2012, when 4G wasn't available and phones didn't come with huge storage capacity, 75MB was a big deal.

Hike was a combination of Instagram, Whatsapp, Snapchat and Facebook. It didn't have it's USP, so there was no competitive advantage.
How was your experience with Hike?
Video reference: https://www.youtube.com/watch?v=a2201ZJp9Yk&fbclid=IwAR0lArT1fjliDYjgk-XaHZhJGDSOeH4Y8aZMySqaVXQqB5ylXQ6ANJjy7Qs
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