Homegrown messaging and social technology company Hike Messenger has acquired Bengaluru-based tech start-up Creo for an undisclosed amount.
Creo was founded by Sai Srinivas Kiran G, and Shubham Malhotra in December 2013. Sai and Shubham are ex Hikers and it constitutes over 50+ members.
According to the Hike spokesperson, "The Creo team will begin work on a developer platform to enable 3rd party developers to build services on the Hike platform."
Hike was launched in December 2012 and acquired a user base of over 100 million in 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 $ 1.4 billion, making it the fastest company in the India to attain a valuation of $ 1 billion, having reached the milestone in just 3.7 years.
Investors in Hike include Tencent, Foxconn, Tiger Global, Softbank, and Bharti. Apart from these, some of the top tech veterans from the Silicon Valley have also invested in the company and are advisors.
Today, Hike has over 300 employees spread across two offices in Delhi and Bangalore. The company has also launched hardware products that include streaming media dongles and smartphones in the past.