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Hike messenger acquires startup firm Creo

11 August, 2017 11:50 AM
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Hike messenger acquires startup firm Creo

Creo was founded in December 2013 by Sai Srinivas Kiran G and Shubham Malhotra. Both Srinivas and Malhotra were previously associated with Hike.

New Delhi: 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.

Source: zeenews.india.com

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