Hike’s RMG Platform ‘Rush’ To Exit India

Kavin Mittal attributed the exit decision to the “rushed” online gaming Bill, high GST rates on the gaming sector and regulatory ambiguity around cryptocurrencies

Hike operates blockchain-based real money gaming platform Rush, which allows users to play both skilled and casual games such as ludo, carrom and quizzes

The founder added that Rush is witnessing 10X higher ARPU, 2X retention and “superior ROAS” in “global markets” compared to India

Following the…