Hike Messenger acquires tech startup Creo. Homegrown messaging and social media technology company Hike Messenger said it has acquired Bengaluru-based tech startup Creo for an undisclosed amount. The Creo team constitutes over 50 members and was founded in December 2013 by Sai Srinivas Kiran and Shubham Malhotra. In the past, Creo has launched hardware products that include streaming media dongles and Smartphones.“The Creo team will begin work on a developer platform to enable third party developers to build services on the Hike platform,” a Hike spokesperson said in a statement. The hike was launched in December 2012 and acquired a user base of over 100 million as of January 2016. In August 2016, Hike raised its fourth round of funding of USD 175 million led by Tencent and Foxconn at a valuation of USD 1.4 billion having reached the milestone in just 3.7 years.Investors in Hike include Tencent, Foxconn, Tiger Global, Softbank, and Bharti. Apart from these, several top Silicon Valley technology veterans have also invested in the company. Hike has over 300 employees spread across 2 offices in Delhi and Bangalore. “To build our next product, we need all the focus and good luck we can. Owing to this, we will no longer be making new CREO Mark1 devices or releasing any software updates”, the company wrote on its official website.This is Hike’s third big acquisition. Previously, Hike had acquired ZipPhone, a US-based free voice-calling company in 2015 and content sharing platform Pulse. The hike is a cross platform messaging service, just like WhatsApp and WeChat. As of January 2016, Hike has crossed the mark of over 100 million users.
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