Kavin Bharti Mittal-founded Hike, which owns Rush Gaming Universe, has laid off about 55 people – more than one-fifth of its total workforce – to absorb the impact of the GST hike on online gaming, a top company official said on Thursday. Business is in the best shape ever but this 400 per cent increase in GST is a bazooka pointed at us. The entire team of Hike is engaged in the development of Web 3 gaming platform ‘Rush Gaming Universe’. The gaming platform claims to have 5.2 million monthly active users and distributed over USD 308 million to winners annually. 🔥 Limited-Time Offer: Grab a Special Deal on our Comprehensive GST Courses with Live Sessions!

Source: Economic Times August 11, 2023 06:55 UTC