Hike Messenger, the messaging app founded by Kavin Mittal, son of Bharti Airtel founder Sunil Bharti Mittal, has acquired Creo, a Bangalore based technology startup. The startup is known for making TeeWe, an HDMI based video streaming device.
Neither of the firms have disclosed the financial details of the deal.
Creo, earlier named as Mango Man Consumer Electronics was founded in 2013 by two former Hike employees – Sai Srinivas Kiran G, and Shubham Malhotra. In 2014 they developed and launched TeeWe and the team relaunched the product in 2015 as TeeWe-2. As per the company’s last announcement more than 50,000 households are using the streaming device.
The Bangalore based startup now constitutes over 50+ members. In the past, they have launched hardware products that includes streaming media dongles and smartphones.
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”.
Creo, founded by ex-Hikers, was angel funded by Hike Founder Kavin Mittal as well as Palaash Ventures and former British Telecom executive Arun Seth.
They got their second round of seed funding of Rs 11 crore from Sequoia Capital and India Quotient Fund. In 2016 Creo raised $3 million from Sequoia, India Quotient and Beenext Ventures.