400% GST increase a bazooka: Hike CEO Kavin Mittal as 55 employees laid off

Kavin Bharti Mittal-founded Hike, which owns Rush Gaming Universe, is laying off around 55 employees, of which 24 are non-full-time employees. "Business is in the best shape ever but this 400% increase in GST is a bazooka pointed at us," Mittal said. The development comes after the government's decision to impose 28% GST on the real-money gaming sector.