“The Creo team will begin work on a developer platform to enable third-party developers to build services on the Hike platform,” Hike said in a statement. The Creo team comprises more than 50 members. After launching its first product, Teewe, a high-definition TV streaming plug-in, Creo launched a mid-range smartphone in April 2016. In January 2016, Creo raised $3 million from Sequoia Capital India, Beenext Ventures and India Quotient. Interestingly, in 2016, Creo came close to being acquired by Hike, but the talks fell through.

Source: Mint August 11, 2017 16:48 UTC