Hike Buys Tech Startup Creo for Services Boost
New Delhi: Hike Messenger has acquired Creo, a Bengaluru-based technology startup, as it looks to beef up its services offerings. The home-grown messaging platform — backed by the likes of Tencent, Foxconn, Tiger Global, SoftBank and Bharti Airtel — said in a statement on Friday, “The Creo team will be working on a platform to enable third party developers build services on the Hike platform.” The companies didn’t not provide any financial details of the deal.
Creo was founded by former Hike employees Sai Srinivas Kiran G and Shubham Malhotra in December 2013. With over 50 employees, Creo has launched hardware products such as streaming media dongles and smartphones.
Hike, headed by Kavin Mittal, son of Bharti Airtel chairman Sunil Mittal, has over 300 employees spread across Delhi and Bengaluru. In August 2016,
Hike raised its fourth round of funding of $175 million which was led by Tencent and Foxconn, at a valuation of $1.4 billion.