diff --git a/zulip/__init__.py b/zulip/__init__.py
index 93f26ae0..20861afe 100644
--- a/zulip/__init__.py
+++ b/zulip/__init__.py
@@ -40,7 +40,7 @@ import logging
 import six
 from typing import Any, Callable, Dict, Iterable, IO, List, Mapping, Optional, Text, Tuple, Union
 
-__version__ = "0.3.0"
+__version__ = "0.3.1"
 
 logger = logging.getLogger(__name__)