Moonshine Technology

What Moonshine Technology does

Moonshine Technology is an India-incorporated holding entity whose principal historical operating business was PokerBaazi, one of India's leading online real-money poker platforms, and whose separate IT services brand (Moonshine Technologies, moonshinetechnologies.in) operates as a global custom software development agency founded in 2012/2013 and led by CEO and founder Arnab Bhattacharyya. The IT services arm delivers five core service lines — AI-First Engineering, Web Development, Mobile App Development, UI/UX Design, and E-commerce Solutions — using mainstream frameworks (Angular, React, Node.js, PHP/Laravel, Python, Ionic, native iOS/Android) and CMS/e-commerce platforms (WordPress, Shopify, OpenCart, Magento, PrestaShop, WooCommerce), with third-party AI models (OpenAI, Google Gemini, Anthropic, Cohere, Stability AI, xAI) integrated into engineering workflows. Customer logos are small and SMB-weighted (Amellas, Unsilome, Zimbalilakes, Markisehuset, and historically PokerBaazi), with delivery coordinated across offices in Hawaii (HQ), India (Kolkata), Canada (Edmonton), South Africa (Durban), Israel (Rishon Le Zion), and Singapore.

The business model is primarily project-based professional services for the IT arm, with custom quoting per engagement, while the gaming arm historically generated transaction-fee revenue from real-money poker. In September 2024, Nazara Technologies invested Rs 982 crore (~US$117M) for a 47.7% stake in the parent entity alongside a Rs 150 crore primary capital injection, implying an enterprise value of roughly Rs 2,058 crore at the time. Effective October 1, 2025, India's Promotion and Regulation of Online Gaming Act (PROGA) banned real-money online gaming nationwide, forcing the gaming business to lay off over 200 employees and resulting in Nazara recording a Rs 914.7 crore impairment that effectively wrote off its stake, alongside a comparable write-off by co-investor Clairvest.

Operationally, the IT services arm continues to operate with a small (11-50) team using a horizontal, sales-led GTM via the company website and direct client engagement. The two business lines appear to have been co-mingled in available data sources despite operating as distinct entities, which materially complicates any single-entity revenue or valuation read; the IT services entity is best understood as a small, project-driven services firm, while the gaming parent has been functionally extinguished by regulation.

Name

Moonshine Technology

Legal name

Moonshine Technologies

Website

https://moonshinetechnologies.in/

Company type

Private

Founded year

2012

Operating status

Operating

Headcount range

11–50 employees

Short description

Moonshine Technology operates a global IT services agency (founded 2012/2013) delivering custom web, mobile, UI/UX, e-commerce, and AI-integrated software development to SMB clients across the US, Canada, South Africa, Israel, Singapore, and India. Its separate PokerBaazi gaming arm was effectively written off after India's 2025 real-money gaming ban.

Ownership category

akta.pro rank

Product category

IT Services / Custom Software Development

NAICS

Computer Systems Design and Related Services (54151), Other Computer Related Services (541519)

SIC

Services-Computer Programming Services (7371)

akta.pro primary industry

Enterprise Application Modernization (Monolith-to-Modules, Domain Modernization) (BPAEAFAG)

akta.pro secondary industry

Service Desk & ITSM Outsourcing (BPAEAMAF)

Keywords

• Custom software development
• Web development services
• Mobile app development
• UI/UX design services
• E-commerce solutions

Headquarters

HQ city

Mehrauli

HQ country

India

HQ region

Asia

Offices6 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales

Revenue model

1. IT Services & Software Development: Custom software development, web development, mobile app development, UI/UX design, and e-commerce solutions provided to businesses on a project or retainer basis
2. Online Gaming (PokerBaazi): Real money online poker gaming platform. Company was impacted by India's PROGA Act 2025 banning real money gaming.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

Moonshine Technology is an IT services company that delivers custom software development, AI-first engineering, web development, mobile application development, UI/UX design, and e-commerce solutions to small and medium-sized businesses worldwide. Services are delivered as project-based or retainer engagements using modern frameworks and AI tools to accelerate development and improve code quality.

Product overview

Moonshine Technologies is an IT services company offering a unified suite of professional services rather than a packaged software product. The portfolio consists of five core service lines: AI Engineering Services (using OpenAI, ChatGPT, Google Gemini, and other AI tools), Web Development Services (including React, Angular, Next.js frameworks), Mobile Apps Development Services (iOS, Android, cross-platform), UI/UX Design Services, and E-commerce Solutions. These services are delivered as consulting and development engagements to business clients rather than as standalone software products. The company serves international clients across various sectors including e-commerce, healthcare, finance, and business solutions.

Differentiator

Problem solved

Functional benefit

Brands

• PokerBaazi: Online poker gaming platform operated by Moonshine Technology

Products and services

• AI-First Engineering Services Service offering that leverages the latest AI tools including OpenAI, ChatGPT, and Google Gemini to accelerate software development and improve code quality for business clients.
• Web Development Services Custom website and web application development service building dynamic, responsive sites and high-performance web apps using frameworks such as React, Angular, HTML5, TypeScript, Node.js, PHP, Laravel, and Python, tailored to client needs.
• Mobile Apps Development Services Custom mobile application development service delivering native iOS and Android apps as well as cross-platform applications using the Ionic framework for businesses needing a feature-rich mobile presence.
• UI/UX Design Services User interface and user experience design service producing user-friendly interfaces, design systems, and engaging interaction patterns for digital products built for the company's clients.
• E-commerce Solutions Custom e-commerce development service covering platform setup, mobile commerce, shopping cart development, and payment gateway integration on platforms such as WordPress/WooCommerce, Shopify, OpenCart, Magento, and PrestaShop for online retail businesses.

Quantifiable outcome

• 50+ projects completed

Named customers5 records

Segments2 records

Ideal customer profiles1 record

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Scale indicators6 records

Recent moves5 records

Expansion highlights4 records

Broad incumbents

• Genpact: Global professional services firm with India delivery roots providing IT services, digital transformation, and application development. Comparable as a custom software and IT services peer, though much larger and serving enterprise clients.
• Infosys: India-headquartered global IT services giant offering application development, digital transformation, and AI engineering at scale. Comparable service categories but at vastly larger scale and enterprise focus.
• Tata Consultancy Services (TCS): India's largest IT services company with global delivery providing application development, digital transformation, and AI engineering. Comparable service categories at massive enterprise scale.

Direct peers

• BairesDev: Latin-American-rooted IT services company providing custom software development, web/mobile apps, and AI engineering to SMB and enterprise clients globally. Direct comparable on service mix and offshore-delivery model.
• Toptal: Global marketplace/firm connecting clients with vetted software developers for web, mobile, and AI engineering work. Direct comparable on custom-development services to SMB/mid-market clients.
• Simform: Custom software development firm with India delivery and US presence offering web/mobile app development, AI/ML engineering, and UI/UX services. Closest direct comparable in size and service offering.
• Uplers: India-based IT outsourcing and digital services firm providing web development, mobile apps, AI engineering, and e-commerce solutions globally — directly comparable service mix and SMB-to-mid-market targeting.
• Andela: Global tech-talent platform providing software engineering services across web, mobile, cloud, and AI. Comparable on global delivery model and custom-development service orientation.
• Hidden Brains: India-based IT services company offering web/mobile app development, AI/ML, e-commerce, and UI/UX design to global SMB and mid-market clients. Closest size-and-service comparable.
• ValueCoders: India-based custom software development outsourcing firm offering web, mobile, AI, and e-commerce services to global clients. Highly comparable on delivery model and SMB focus.

Market position

Weaknesses4 records

Competitive moat3 records

Key risks6 records

Key highlights5 records

Customer concentration

• Facebookfacebook.com/ITCOMPANYMST%20
• LinkedInlinkedin.com/in/moonshine-technologies-arnab-bhattacharyya-588b116b

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Subsidiaries1 record

Funding overview

Funding rounds3 records

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Moonshine Technology