Who is Kavin Bharti Mittal?
Kavin Bharti Mittal, son of Sunil Bharti Mittal, shared this decision in a blog on the online publication substation. In a note shared on the substack, Mittal said that after restructuring with our investors and team, I have taken a difficult decision to completely close the hike.
Sharing a post on X (first Twitter), Kavin Bharti Mittal said, “After restructuring with our investors and team, I have taken a difficult decision to close the hike completely. Our American business, which started just nine months ago, is growing rapidly. But a full reorganization will be required for expansion globally, which is not the best use of capital or time.
Rush, its major platform, used to provide user ownership and play-to-anne mechanics such as money-based sports with 14 mobile games and web 3 features. The company had support from some of the largest global investors, including Softbank, Tensant, Tiger Global, Bharti, Foxconn, Jump Crypto, Tribe Capital, Republic and Polygon. Famous individual investors also included Rajiv Mishra, Elad Gill and Zinga founder Mark Pinkus.
According to the news agency IANS report, Rush had seen important tractions in India, with 10 million users and a gross revenue of $ 500 million in just four years. The platform claimed more than 5 million players in its games and reported a win of about $ 480 million annually. According to Forbes, Kavin Bharti Mittal’s father, Sunil Mittal and his family are one of the wealthiest billionaires in India. His total assets are $ 30.7 billion (about Rs 2,70,999 crore).
