Hike raises fresh funds for its blockchain gaming project

Hike, in its latest fundraising round, has raised fresh funds for its gaming platform, the Rush Gaming Universe. This round of funding was led by Jump Crypto. The fundraiser also witnessed the participation of Tribe Capital and Republic Capital’s Republic Crypto.

However, the startup did not reveal the capital raised by the three investors in the fundraising round. It later said that it plans to use a major part of these funds to build out its web3 vision for Rush Gaming Universe (RGU).

The CEO and founder of Hike, Kavin Bharti Mittal intend to bring consumers in growing markets like India on-chain by creating a blockchain gaming platform where users can play, earn and grow.

After raising the capital, the CEO of Hike said, “India being a mobile-first market needs a unique approach, and our years of building for this market help tremendously in building a seamless user experience to bring the next billion users on-chain. We’re incredibly excited about the future”

Earlier, Mittal wanted to launch RGU on blockchain 15 months ago when they created the application. However, it didn’t go as planned. It was only in January this year that Hike joined hands with Polygon to bring RGU onto web3.