Indian messaging application Hike has introduced that it has acquired Bengaluru primarily based startup Creo. Past calendar year, Creo experienced released a smartphone and some media dongles.
Creo was founded in December 2013 by Sai Srinivas Kiran G and Shubham Malhotra, previous Hike employees.
Creo experienced earlier released Mark 1, a smartphone that ran on Gas OS primarily based on Android. Hike CEO Kavin Bharti Mittal was one of the buyers in Creo.
The Mark 1 was released for Rs. 19,999 and just a few months later on, the value was slashed by Rs. six,000. In October past calendar year, the enterprise introduced that it has stopped device generation and will focus on its Gas OS.
Hike did not reveal the financial details of this acquisition. The fifty-member Creo team will begin functioning on a developer platform to permit to 3rd social gathering builders to develop companies on Hike.
Coming to Hike, it was founded in December 2012 and has over 100 million people. In August past calendar year, Hike experienced lifted $a hundred seventy five million led by Foxconn and Tencent at a valuation of $1.four billion. Foxconn, Tencent, SoftBank and Bharti are some of the buyers in Hike.
Hike has over 300 employees and two places of work. This is the 3rd acquisition by Hike. Earlier, the enterprise experienced acquired Wi-Fi contacting begin-up Zip Mobile phone in 2015 and live-streaming enterprise Pulse. Nevertheless, the enterprise has however not verified the second acquisition.