Kavin Mittal shuts down Hike owing to India’s gaming ban
Kavin Mittal announced the complete shutdown of Hike after 13 years, citing regulatory challenges in India, particularly the ban on real-money gaming, which undermined its business model. Despite a successful US launch, scaling globally from India proved unfeasible due to regulatory uncertainty and steep GST hikes. Mittal will now focus on AI, energy breakthroughs, and self-mastery.
Kavin Mittal announced the complete shutdown of Hike after 13 years, citing regulatory challenges in India, particularly the ban on real-money gaming, which undermined its business model. Despite a successful US launch, scaling globally from India proved unfeasible due to regulatory uncertainty and steep GST hikes. Mittal will now focus on AI, energy breakthroughs, and self-mastery.
