Hike Shuts Global Operations

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SUMMARY

Hike’s founder and CEO Kavin Bharti Mittal shared in a post on social media while announcing the end of the road for Hike

In his post, Mittal said RMG was never the end goal but a way to test traction and unit economics in India

The shutdown follows the Indian government’s recent crackdown on online RMG, which forced Hike to halt its India operations in August and shift focus to global markets

“After regrouping with our investors and the team, I’ve made the…



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We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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Hike Shuts Global Operations


SUMMARY

Hike’s founder and CEO Kavin Bharti Mittal shared in a post on social media while announcing the end of the road for Hike

In his post, Mittal said RMG was never the end goal but a way to test traction and unit economics in India

The shutdown follows the Indian government’s recent crackdown on online RMG, which forced Hike to halt its India operations in August and shift focus to global markets

“After regrouping with our investors and the team, I’ve made the…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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