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".

Police release CCTV of 83-year-old dog walker stabbed to death
He said officers also wanted to hear from delivery drivers who may have been in the area and to obtain dash-cam footage. The father of two was attacked in woodland and suffered "multiple wounds" including to his head and neck.

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.