Messaging platform Hike Messenger on Friday said it has acqui-hired Bangalore-based technology startup Cero's team of over 50 people. Both Srinivas and Malhotra were previously associated with Hike. The company is also the maker of media streaming device "Teewe". In the past, they have launched hardware products that includes streaming media dongles and smartphones.
"The Creo team will begin work on a developer platform to enable third party developers to build services on the Hike platform", a Hike spokesperson said in a statement.
Hike Messenger introduced its video calling feature for its users in the beta format back in September to a select few, and in October rolled out to all Android users with an update.
Nordstrom, Inc. (JWN) Releases Earnings Results, Beats Estimates By $0.01 EPS
The specialty retailer reported $0.65 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $0.62 by $0.03. Advisory Services Network LLC bought a new position in shares of Nordstrom during the first quarter valued at $113,000.
Summary: Hike Messenger, India's first homegrown messaging and social media company, acquired Creo, a Bengaluru-based technology startup. As of January 2016, it had over 100 million users.
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.
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