Hike Acquires Creo, a Bengaluru-Based Smartphone and Streaming Media Dongle Maker


Hike Messenger, a cross-platform instant messaging service for smartphones from India, on Friday announced the acquisition of Bengaluru-based media streaming technology startup Creo.

Creo, earlier named as Mango Man Consumer Electronics was founded in 2013 by two former Hike employees - Sai Srinivas Kiran G, and Shubham Malhotra. Hike started associating with Creo as the company became part of a mentoring programme run by Hike CEO and founder Kavin Bharti Mittal. The company did not disclose the size of the deal but said that it has acqui- hired its team of 50 employees.

Hike was launched in December 2012 and acquired a user base of over 100 million as of January 2016.

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".

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Now the company said it has over 300 employees spread across two offices in Delhi and Bangalore.

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 the India to attain a valuation of $ 1 billion, having reached the milestone in just 3.7 years.

Hike Messenger is backed by investors such as Tencent Holdings and Foxconn Technology Group, among others.