New Delhi, Sept. 13 -- Bharti Airtel promoter group family's Kavin Bharti Mittal, son of Sunil Bharti Mittal, announced in a social media post that he, along with the team and investors, has decided to 'wind down' Hike's operations completely after India's new ban on real-money games.

In a LinkedIn post, Kavin Bharti Mittal explained how nine months ago, the company had launched its operations in the United States, but after India's recent ban, the company will have to carry out a "full recap."

Mittal said that this 'reset' in the operations will be the best use of their time and money.

"After regrouping with our investors and the team, I've made the difficult decision to wind down Hike completely," he said. "A reset that is not the be...