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Hike, once a unicorn, shuts down as India cracks down on real-money gaming

techcrunch.com Jagmeet Singh 2025-09-25 01:05:49

Hike, once one of India’s most valuable startups with unicorn status, has become the latest casualty of New Delhi’s recent real-money gaming ban, with the company — led by Kavin Bharti Mittal, son of Airtel founder Sunil Bharti Mittal — now shutting down. On Saturday, Hike founder Mittal (pictured above) said that the startup’s U.S. business, which launched nine months ago, was “off to a strong start.” But he said scaling it globally would require “a full recap, a reset that is not the best use

Topics: gaming hike mittal money techcrunch
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OpenAI May Be in Major Trouble Financially

futurism.com Unknown 2026-01-26 20:20:01

Since OpenAI unleashed ChatGPT on the world two and a half years ago, the company has operated at a substantial financial loss. Despite raising at least $60.9 billion in private funding since ChatGPT's public launch, OpenAI is leaking billions of dollars every year. In 2024, for example, the tech startup lost some $5 billion, per MSNBC. That doesn't seem to bother OpenAI insiders, though, who hope to be bringing in $125 billion in annual revenue by 2029. The gulf between OpenAI's ambitions and

Topics: ai anthropic hikes openai zitron
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Trump's Biggest Tariff Deadline Lifts Soon: These 13 Companies Have Already Hiked Prices

cnet.com See Full Bio 2026-01-27 20:30:00

Higher prices for a lot of popular products seem inevitable on our current trajectory. James Martin/CNET In many cases and for many products in the US, the biggest impacts of President Donald Trump's aggressive tariff plans haven't hit yet -- but that could be about to change as the 90-day pause on the "reciprocal" tariffs is set to end this week. However things shake out, numerous companies have already hiked prices or said that they'll increase in the near-future -- including, most recently,

Topics: company hikes price prices tariffs
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Tariff Impacts Are Real: These 13 Companies Have Confirmed Price Hikes

cnet.com See Full Bio 2026-02-02 23:00:00

Higher prices for a lot of popular products seem inevitable on our current trajectory. James Martin/CNET In many cases and for many products in the US, the biggest impacts of President Donald Trump's aggressive tariff plans haven't hit yet -- but they could soon, unless the 90-day pause on some rates is extended. Still, numerous companies have already hiked prices or said that they'll increase in the near-future -- including, most recently, a popular and CNET-approved brand of smart lights. Th

Topics: company hikes price prices tariffs
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Tariff Impacts Are Real: I Found 13 Companies With Official Price Hikes

cnet.com See Full Bio 2026-02-13 17:30:00

Higher prices for a lot of popular products seem inevitable on our current trajectory. James Martin/CNET In a lot of ways and for a lot of products in the US, the biggest impacts of President Donald Trump's aggressive tariff plans are still a ways off in the near future. Still, numerous companies have already hiked prices or said that they will be increased in the near future -- including, most recently, a popular and CNET-approved brand of smart lights. The fact of the matter is that tariffs

Topics: company hikes price prices tariffs
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