hi INDiA Copyright 2020
Hike messenger acquires startup firm Creo
New Delhi, Aug 11 (IANS) Indias first home-grown messaging app Hike on Friday announced it had acquired Bengaluru-based technology startup firm Creo for an undisclosed sum.
Creo was founded in December 2013 by Sai Srinivas Kiran G and Shubham Malhotra. Both Srinivas and Malhotra were previously associated with Hike.
"The Creo team will begin work on a developer platform to enable third party developers to build services on the Hike platform," Hike said in a statement.
Previously, the company has launched hardware products that include streaming media dongles and smartphones.
Hike messenger is the first home-grown messaging and social technology company. It was launched in December 2012 and claims to have a user base of over 100 million.
In August 2016, Hike raised its fourth round of funding of $175 million led by Tencent and Foxconn at a valuation of $1.4 billion, making it the fastest company in India to attain a valuation of $1 billion.
Today, Hike has over 300 employees spread across two offices in Delhi and Bengaluru.