
CosmicTaco
6moHike Shuts Down Amid Growing RMG Challenges
- Hike founder Kavin Bharti Mittal announced the shutdown of Hike following regulatory challenges in India.
- The pivot to global markets required a significant reset which wasn’t viable, leading to the closure.
- Originally a messaging app, Hike shifted to Web3 gaming but struggled under India’s new gaming regulations.
- Mittal highlighted early success in the US market but it wasn't enough to sustain operations.
- Other startups in the sector, like Dream11, are exploring new avenues in response to India's gaming regulations.
Source: Inc42
6mo ago

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