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


Hike on Friday announced it had acquired Bengaluru-dependent technological innovation startup company Creo for an undisclosed sum.

Creo was started in December 2013 by Sai Srinivas Kiran G and Shubham Malhotra. Each Srinivas and Malhotra had been beforehand affiliated with Hike.

“The Creo crew will start out get the job done on a developer system to empower third-get together developers to build companies on the Hike system,” Hike stated in a statement.

Beforehand, Creo has launched components solutions that involve streaming media dongles and smartphones. The enterprise is also the maker of media streaming gadget ‘Teewe’.

Hike released video calling for its people in Oct 2016. With this, people can see a are living video preview of the caller in advance of answering the connect with.

The element has been developed for a responsible and substantial-high quality video knowledge that will work even underneath demanding network disorders, together with excellent high quality 2G.

The messaging application also lets people share Online video Stories that lets them share films of up to 20 seconds. These films can be further manufactured extraordinary employing Dwell Filters. Like the ‘Photo Stories’ element, the Online video Stories also vanish immediately after 48 hours.

Hike was launched in December 2012 and promises to have a person foundation of about 100 million. 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 enterprise in India to attain a valuation of $1 billion. Now, Hike has about 300 personnel unfold across two places of work in Delhi and Bengaluru.

Composed with inputs from IANS



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