Hike messenger acquired Creo

Hike messenger acquired Creo startup. The first messaging app in India on Friday announced it had acquired a technology company headquartered in Bengaluru. Creo was founded in December 2013 by Sai Srinivas Kiran G and Shubham Malhotra who had previously been associated with Hike. The two companies did not expose the acquisition value.

Tinuku Hike messenger acquired Creo

"Creo's team will start working on a development platform to allow third-party developers to build services within the Hike platform," Hike said in the announcement.

Hike messenger is the first India home-based messaging and social technology company. Previously, the company has launched a hardware product that includes streaming media dongles and smartphones.

The company was established in August 2013 in operating iOS, Android, Windows Phone, BlackBerry OS and Symbian systems in nine languages. Currently they claim to have a user base of more than 100 million and become a major competitor WhatsApp in the South Asian market.

In July they announced the launch of the Wallet Hike service which meant an open war declaration to Paytm. The move was met by Paytm in early August plans to launch messaging service to compete Hike messenger at once WhatsApp.

In August 2016, Hike raised US$175 million Series D funding led by Tencent and Foxconn in valuations of US$1.4 billion as India's fastest startup unicorn worth more than US$1 billion. Currently, Hike has more than 300 employees spread across two offices in Delhi and Bengaluru.