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Hike, once one of India's most valuable startups with unicorn status, has become the latest casualty of New Delhi's recent real-money gaming ban, with the company -- led by Kavin Bharti Mittal, son of Airtel founder Sunil Bharti Mittal -- now shutting down. On Saturday, Hike founder Mittal (pictured above) said that the startup's U.S. business, which launched nine months ago, was "off to a strong start." But he said scaling it globally would require "a full recap, a reset that is not the best u ...Read More >
New Delhi, Sep 13 (PTI) Hike founder Kavin Mittal has announced the complete winding down of 13-year old startup, saying while its US business was off to a strong start, scaling globally after India ban on real money gaming would require a "reset that is not the best use of capital or time". In a post on LinkedIn, the entrepreneur and Bharti Group scion questioned if raising more capital for a pivot by Hike was worth it, and concluded it was not. Neither for himself, his team, nor investors. " ...Read More >
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