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PokerBaazi

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uuid006fttq

Namestring
PokerBaazi
Legal namestring
PokerBaazi
Websiteurl
pokerbaazi.com
Company typeenum
Private
Founded yearint
2014
Descriptiontext

PokerBaazi is an India-based online poker operator founded in 2014 and headquartered in Kolkata, serving individual poker enthusiasts across the country. Its core product is a multi-format online poker platform available on iOS, Android and the web, offering Tournaments, No Limit Hold'em, Pot Limit Omaha, All-In or Fold, SuperHold'em and Open Face Poker formats, with a Reward Points engagement system layered on top.

Historically a real-money gaming operator, PokerBaazi was forced to restructure after India's Promotion and Regulation of Online Gaming Act (PROGA) 2025 banned real-money online gaming effective October 2025. The company subsequently relaunched as a free-to-play social poker platform and introduced Baazi Select, a paid premium subscription membership that anchors its current recurring-revenue model.

PokerBaazi operates with a 51-100 employee base and is a private company. Beyond Baazi Select, the input does not disclose additional revenue lines, third-party partnerships, funding history, or material M&A activity. The company is also navigating reputational and legal exposure from a payment gateway hacking incident connected to the Karnataka Bitcoin scam, which is a concurrent compliance and brand overhang on the post-pivot business.

Short descriptiontext

PokerBaazi is an India-based, Kolkata-headquartered online poker operator founded in 2014 that serves individual poker enthusiasts via iOS, Android and web apps and has pivoted from real-money gaming to a free-to-play social poker model with a paid Baazi Select subscription.

Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
51–100
akta.pro rankint
HeadquartersKolkata, India
HQ citystring
Kolkata
HQ countrystring
India
HQ regionstring
Asia
Markets served

Serves global market

Keyword5 values
online poker platform, social poker app, mobile gaming, free-to-play gaming, poker tournaments
Industry2 codes
1Sweepstakes/Free-to-Play & Social Poker Apps
CodeMPAEAEADPrimaryYes
2Sweepstakes / Social Casinos (Virtual Currency, Prize-Based)
CodeMPAEABAEPrimaryNo
NAICS code1 code
  • Amusement Arcades71312
SIC code1 code
  • Services-Amusement & Recreation Services7900
Product category
Online Poker Gaming
Social media profiles3 records
GTM motion2 records

Each record includes

Type, Description, Source

Revenue model2 records
1Free-to-Play Social Poker
TypeFreemium
Description

PokerBaazi transitioned to a free-to-play model following India's 2025 real-money gaming ban. The platform generates engagement through a reward points system where players earn points through gameplay and redeem them for rewards. Revenue generation mechanism not explicitly disclosed in current iteration.

pokerbaazi.net:443
2Baazi Select Premium Subscription
TypeSubscription Recurring
Description

Premium membership tier offering exclusive benefits including ad-free play, enhanced stats, premium support, and exclusive reward store access.

pokerbaazi.net:443
Marketing channels3 records

Each record includes

Title, Type, Stage, Description, Source

Distribution channels3 records

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components4 values
Technology or R&D, Personnel, Marketing or Sales, Operations
Pricing details2 tiers
1Free tier with earnable Reward Points
ModelFreemiumBilling cadencePay-as-you-go
Notes

Players can play with Free Chips and earn Reward Points through gameplay. No payment required to earn points or participate in games. Points can be redeemed for gadgets, vouchers, and surprise drops in the Rewards Store with a maximum of 30 redemptions per month.

pokerbaazi.net:443
2Baazi Select Premium Membership
ModelSubscriptionBilling cadenceMonthly
Notes

Premium tier offering exclusive reward store access, Poker TV access, emojis and throwables, rabbit reveal, HUD stats, premium support, and ad-free play. Specific pricing not disclosed.

pokerbaazi.net:443
GTM typeB2C
B2C
Offering typeSoftware
Software
Core offering1 text field

PokerBaazi is a free-to-play social poker platform available on iOS, Android, and web, where users play poker with virtual Free Chips across multiple formats (Tournaments, No Limit Hold'em, All-In or Fold, SuperHold'em, PLO, Open Face Poker). Players earn Reward Points through gameplay that can be redeemed in an in-app Rewards Store for gadgets, vouchers, and surprise drops, and a premium Baazi Select membership offers ad-free play, HUD stats, Poker TV access, and exclusive rewards.

Differentiator
Functional benefit
Problem solved
Product overview1 text field

PokerBaazi is a free-to-play social poker application available on iOS, Android, and web platforms. Originally a real-money gaming platform, it pivoted to a free-to-play-only model following India's Promotion and Regulation of Online Gaming Act (PROGA), 2025 which banned real-money online gaming. The product portfolio centers on the main PokerBaazi app, which offers various poker formats (No Limit Hold'em, All-In or Fold, SuperHold'em, PLO, Open Face Poker), tournament play, and a rewards ecosystem with the Baazi Select premium membership providing exclusive benefits such as ad-free play, premium support, and access to members-only reward store items.

Product and service2 records
1PokerBaazi Social Poker App
CategorySocial Poker Gaming
Description

A free-to-play social poker mobile and web application for adult entertainment purposes, offering multiple poker formats (Tournaments, No Limit Hold'em, All-In or Fold, SuperHold'em, PLO, Open Face Poker) with virtual chips, reward points redeemable for gadgets and vouchers, and tournament play. Targeted at individual poker enthusiasts aged 18+ in India.

2Baazi Select Premium Membership
Scale indicator3 records

Each record includes

Type, Value, Description, Source

Recent move5 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight3 records

Each record includes

Type, Description

Peers10 records
TypeBroad incumbent
Description

MPL is India's largest mobile esports and casual gaming aggregator, offering multiple skill-based games including card and board games to a free-to-play and real-money audience. It is broader than PokerBaazi but a key competitive reference for poker game experiences inside a multi-game free-to-play platform.

TypeDirect peer
Description

Adda52 is one of India's leading real-money online poker platforms and PokerBaazi's closest direct competitor, operating the same NLH/PLO tournament and cash-game formats for Indian players. Both brands have navigated the same PROGA 2025 regulatory shock, making them the most relevant like-for-like peer on category, geography, and post-pivot trajectory.

TypeBroad incumbent
Description

Nazara Technologies is a publicly listed Indian gaming publisher with interests spanning sports, casual, and skill gaming - and was grouped with PokerBaazi as a major name in the pre-ban real-money gaming sector. As a broad incumbent spanning published titles and gaming investments in India, it offers a useful public-market comparable.

TypeEmerging player
Description

WinZO is an Indian social gaming platform hosting 100+ casual and skill-based games, including card variants, with a viral and tournament-driven model. It competes for the same free-to-play gamer attention budget as PokerBaazi and represents an emerging-player benchmark for social poker style experiences in India.

TypeBroad incumbent
Description

PokerStars is the world's largest online poker brand, operating a free-to-play and real-money product across regulated international markets. While it does not serve Indian customers, its freemium + subscription + Stars Rewards economy is the global reference implementation for the monetization model PokerBaazi is now pursuing.

TypeDirect peer
Description

Zupee is an Indian skill-gaming platform that, like PokerBaazi, was named among India's major real-money gaming operators before being impacted by the 2025 ban and pivoting business model. The parallel makes Zupee a structurally comparable peer operating in the same regulatory and category context.

TypeDirect peer
Description

Spartan Poker is another major Indian online poker operator offering the same set of poker variants and tournament structures to Indian consumers. Like PokerBaazi, it has had to respond to India's 2025 real-money gaming ban, making it a tightly comparable peer in category, geography, and regulatory exposure.

TypeBroad incumbent
Description

Games24x7 is an Indian gaming operator running multiple skill-based platforms (including My11Circle fantasy sports and RummyCircle) that were directly affected by PROGA 2025. It is a broad incumbent in the same regulatory and consumer environment in which PokerBaazi now operates.

TypeDirect peer
Description

A23, operated by Head Digital Works, is one of India's longest-running online skill-card-game platforms offering poker and rummy to Indian consumers. It shares poker-specific category overlap with PokerBaazi and was directly impacted by the same 2025 regulatory shift affecting real-money gaming.

TypeBroad incumbent
Description

Dream11 / Dream Sports was the largest Indian real-money fantasy sports operator pre-PROGA and has navigated the same regulatory ban as PokerBaazi. It shares regulatory exposure, Indian consumer targeting, and skill-gaming category positioning, though its product focus is fantasy sports rather than poker.

Market position
Strengths5 records

Each record includes

Headline, Details, Source

Weaknesses5 records

Each record includes

Headline, Details, Source

Competitive moat3 records

Each record includes

Type, Details

Key risks6 records

Each record includes

Headline, Details, Source

Key highlights6 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Segment1 record

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile1 record

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
Yes
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Feature3 records

Each record includes

Title, Differentiator, Description, Source

Core technology
Revenue estimate
Valuation estimate
Number of profiles
No data
No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors

Each record includes

Name, Type, Date of entry, Rounds participated, Website

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

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

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

PokerBaazi

Online Poker Gamingpokerbaazi.com

PokerBaazi is an India-based, Kolkata-headquartered online poker operator founded in 2014 that serves individual poker enthusiasts via iOS, Android and web apps and has pivoted from real-money gaming to a free-to-play social poker model with a paid Baazi Select subscription.

What PokerBaazi does

PokerBaazi is an India-based online poker operator founded in 2014 and headquartered in Kolkata, serving individual poker enthusiasts across the country. Its core product is a multi-format online poker platform available on iOS, Android and the web, offering Tournaments, No Limit Hold'em, Pot Limit Omaha, All-In or Fold, SuperHold'em and Open Face Poker formats, with a Reward Points engagement system layered on top.

Historically a real-money gaming operator, PokerBaazi was forced to restructure after India's Promotion and Regulation of Online Gaming Act (PROGA) 2025 banned real-money online gaming effective October 2025. The company subsequently relaunched as a free-to-play social poker platform and introduced Baazi Select, a paid premium subscription membership that anchors its current recurring-revenue model.

PokerBaazi operates with a 51-100 employee base and is a private company. Beyond Baazi Select, the input does not disclose additional revenue lines, third-party partnerships, funding history, or material M&A activity. The company is also navigating reputational and legal exposure from a payment gateway hacking incident connected to the Karnataka Bitcoin scam, which is a concurrent compliance and brand overhang on the post-pivot business.

PokerBaazi firmographics

Firmographics
Name
PokerBaazi
Legal name
PokerBaazi
Website
https://pokerbaazi.com
Company type
Private
Founded year
2014
Operating status
Operating
Headcount range
51–100 employees
Short description
PokerBaazi is an India-based, Kolkata-headquartered online poker operator founded in 2014 that serves individual poker enthusiasts via iOS, Android and web apps and has pivoted from real-money gaming to a free-to-play social poker model with a paid Baazi Select subscription.
Ownership category
akta.pro rank

PokerBaazi industry classification

Industry
Product category
Online Poker Gaming
NAICS
Amusement Arcades (71312)
SIC
Services-Amusement & Recreation Services (7900)
akta.pro primary industry
Sweepstakes/Free-to-Play & Social Poker Apps (MPAEAEAD)
akta.pro secondary industry
Sweepstakes / Social Casinos (Virtual Currency, Prize-Based) (MPAEABAE)

Keywords

  • Online poker platform
  • Social poker app
  • Mobile gaming
  • Free-to-play gaming
  • Poker tournaments

Where PokerBaazi is headquartered

Location

Headquarters

HQ city
Kolkata
HQ country
India
HQ region
Asia

Markets served

PokerBaazi business model

Business model
GTM type
B2C
Offering type
Software
Cost components
Technology or R&D, Personnel, Marketing or Sales, Operations

Revenue model

  1. Free-to-Play Social Poker: PokerBaazi transitioned to a free-to-play model following India's 2025 real-money gaming ban. The platform generates engagement through a reward points system where players earn points through gameplay and redeem them for rewards. Revenue generation mechanism not explicitly disclosed in current iteration.
  2. Baazi Select Premium Subscription: Premium membership tier offering exclusive benefits including ad-free play, enhanced stats, premium support, and exclusive reward store access.

Pricing tiers

ModelBillingPrice
FreemiumPay-as-you-goFree tier with earnable Reward Points
SubscriptionMonthlyBaazi Select Premium Membership

Go-to-market motion2 records

Distribution channels3 records

Marketing channels3 records

PokerBaazi product offering

Product offering

Core offering

PokerBaazi is a free-to-play social poker platform available on iOS, Android, and web, where users play poker with virtual Free Chips across multiple formats (Tournaments, No Limit Hold'em, All-In or Fold, SuperHold'em, PLO, Open Face Poker). Players earn Reward Points through gameplay that can be redeemed in an in-app Rewards Store for gadgets, vouchers, and surprise drops, and a premium Baazi Select membership offers ad-free play, HUD stats, Poker TV access, and exclusive rewards.

Product overview

PokerBaazi is a free-to-play social poker application available on iOS, Android, and web platforms. Originally a real-money gaming platform, it pivoted to a free-to-play-only model following India's Promotion and Regulation of Online Gaming Act (PROGA), 2025 which banned real-money online gaming. The product portfolio centers on the main PokerBaazi app, which offers various poker formats (No Limit Hold'em, All-In or Fold, SuperHold'em, PLO, Open Face Poker), tournament play, and a rewards ecosystem with the Baazi Select premium membership providing exclusive benefits such as ad-free play, premium support, and access to members-only reward store items.

Differentiator

Problem solved

Functional benefit

Products and services

  • PokerBaazi Social Poker App A free-to-play social poker mobile and web application for adult entertainment purposes, offering multiple poker formats (Tournaments, No Limit Hold'em, All-In or Fold, SuperHold'em, PLO, Open Face Poker) with virtual chips, reward points redeemable for gadgets and vouchers, and tournament play. Targeted at individual poker enthusiasts aged 18+ in India.
  • Baazi Select Premium Membership

Companies that use PokerBaazi

Customer profile

Segments1 record

Ideal customer profiles1 record

PokerBaazi technology and API

Technology

Technology focussed Yes

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Feature3 records

PokerBaazi partnerships and signals

Strategic signal

Scale indicators3 records

Recent moves5 records

Expansion highlights3 records

PokerBaazi competitors and assessment

Company assessment

Broad incumbents

  • Mobile Premier League (MPL): MPL is India's largest mobile esports and casual gaming aggregator, offering multiple skill-based games including card and board games to a free-to-play and real-money audience. It is broader than PokerBaazi but a key competitive reference for poker game experiences inside a multi-game free-to-play platform.
  • Nazara Technologies: Nazara Technologies is a publicly listed Indian gaming publisher with interests spanning sports, casual, and skill gaming - and was grouped with PokerBaazi as a major name in the pre-ban real-money gaming sector. As a broad incumbent spanning published titles and gaming investments in India, it offers a useful public-market comparable.
  • PokerStars: PokerStars is the world's largest online poker brand, operating a free-to-play and real-money product across regulated international markets. While it does not serve Indian customers, its freemium + subscription + Stars Rewards economy is the global reference implementation for the monetization model PokerBaazi is now pursuing.
  • Games24x7: Games24x7 is an Indian gaming operator running multiple skill-based platforms (including My11Circle fantasy sports and RummyCircle) that were directly affected by PROGA 2025. It is a broad incumbent in the same regulatory and consumer environment in which PokerBaazi now operates.
  • Dream11 (Dream Sports): Dream11 / Dream Sports was the largest Indian real-money fantasy sports operator pre-PROGA and has navigated the same regulatory ban as PokerBaazi. It shares regulatory exposure, Indian consumer targeting, and skill-gaming category positioning, though its product focus is fantasy sports rather than poker.

Direct peers

  • Adda52: Adda52 is one of India's leading real-money online poker platforms and PokerBaazi's closest direct competitor, operating the same NLH/PLO tournament and cash-game formats for Indian players. Both brands have navigated the same PROGA 2025 regulatory shock, making them the most relevant like-for-like peer on category, geography, and post-pivot trajectory.
  • Zupee: Zupee is an Indian skill-gaming platform that, like PokerBaazi, was named among India's major real-money gaming operators before being impacted by the 2025 ban and pivoting business model. The parallel makes Zupee a structurally comparable peer operating in the same regulatory and category context.
  • Spartan Poker: Spartan Poker is another major Indian online poker operator offering the same set of poker variants and tournament structures to Indian consumers. Like PokerBaazi, it has had to respond to India's 2025 real-money gaming ban, making it a tightly comparable peer in category, geography, and regulatory exposure.
  • A23 (Ace2Three / Taj Express): A23, operated by Head Digital Works, is one of India's longest-running online skill-card-game platforms offering poker and rummy to Indian consumers. It shares poker-specific category overlap with PokerBaazi and was directly impacted by the same 2025 regulatory shift affecting real-money gaming.

Emerging players

  • WinZO: WinZO is an Indian social gaming platform hosting 100+ casual and skill-based games, including card variants, with a viral and tournament-driven model. It competes for the same free-to-play gamer attention budget as PokerBaazi and represents an emerging-player benchmark for social poker style experiences in India.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights6 records

Customer concentration

PokerBaazi social profiles

Digital presence

PokerBaazi financial estimates

Financial estimate

Revenue estimate

Valuation estimate

PokerBaazi leadership team

Management profile

Number of profiles

PokerBaazi funding detail

Funding detail

Funding overview

Funding rounds

Investors

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

PokerBaazi M&A and investment

M&A and investment

M&A

Investments

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

Frequently asked questions about PokerBaazi

What does PokerBaazi do?

PokerBaazi is a free-to-play social poker platform available on iOS, Android, and web, where users play poker with virtual Free Chips across multiple formats (Tournaments, No Limit Hold'em, All-In or Fold, SuperHold'em, PLO, Open Face Poker). Players earn Reward Points through gameplay that can be redeemed in an in-app Rewards Store for gadgets, vouchers, and surprise drops, and a premium Baazi Select membership offers ad-free play, HUD stats, Poker TV access, and exclusive rewards.

Is PokerBaazi a public or private company?

PokerBaazi is a private company. It is classified as unknown and is currently operating.

When was PokerBaazi founded?

PokerBaazi was founded in 2014. It employs 51 to 100 people.

Where is PokerBaazi based?

PokerBaazi is headquartered in Kolkata, India, in the Asia region.

How does PokerBaazi make money?

Two revenue lines are on record. Free-to-Play Social Poker is the primary driver. The others are baazi Select Premium Subscription.

Who are PokerBaazi's main competitors?

Broad incumbents on record are Mobile Premier League (MPL), Nazara Technologies, PokerStars, Games24x7 and Dream11 (Dream Sports). Direct peers are Adda52, Zupee, Spartan Poker and A23 (Ace2Three / Taj Express). WinZO is listed as an emerging player.

Does PokerBaazi have an API?

No public API is recorded for PokerBaazi.

What industry is PokerBaazi in?

PokerBaazi's product category is Online Poker Gaming. Its primary akta.pro industry code is MPAEAEAD, Sweepstakes/Free-to-Play & Social Poker Apps, with a secondary code of MPAEABAE, Sweepstakes / Social Casinos (Virtual Currency, Prize-Based). Its NAICS code is 71312 and its SIC code is 7900.

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Live signals
Deccan HeraldKarnataka Bitcoin scam: ED uncovers ‘sophisticated hacking, organised conspiracy’The Enforcement Directorate filed a prosecution complaint in Bengaluru on July 6 against hacker Srikrishna Ramesh alias Sriki, accountant Robin Khandelwal, and businessman Sunish Hegde for their alleged roles in the Karnataka Bitcoin scam involving large-scale hacking, VDA theft, cyber fraud, extortion, and money laundering. The ED alleged that Rs 70 lakh was siphoned off by hacking the PokerBaazi gaming website's payment gateway, with crime proceeds routed and layered through Infinzy IT Solutions Pvt Ltd. The agency also found that Hegde's Binance account contained 3,52,000 USDT transactions worth Rs 3.35 crore, and that the accused employed complex layering mechanisms using multiple bank accounts and cryptocurrency platforms to conceal proceeds of crime.MintThe hard reset: Six months after the ban, real-money gaming firms try to rebuild from zero | Today NewsIndia's real-money gaming industry, worth $6 billion and contributing 71% of total gaming revenue, was effectively shut down in October 2025 when the government passed the Promotion and Regulation of Online Gaming Act, 2025. Six months later, surviving companies including Dream Sports, PokerBaazi, Nazara Technologies, and Zupee are pivoting to new formats such as watch-along products, microdramas, casual gaming, and financial services, but none have matched pre-ban revenue levels. The industry also faces a pending Supreme Court verdict on a $28\%$ GST dispute that could expose companies to retrospective tax liabilities estimated at ₹2–2.5 trillion.SigmaPlayIndia iGaming crashes in 2025 after real-money banIndia's Promotion and Regulation of Online Gaming Act (PROGA), 2025 enacted a comprehensive ban on real-money online gaming, forcing major platforms including Dream11, Mobile Premier League, Zupee, PokerBaazi, and My11Circle to shut down or pivot to free-to-play models. The ban eliminated approximately 80% of India's $3.6-3.7 billion online gaming sector revenue, with real-money gaming operators directly affected by the prohibition regardless of whether games were classified as skill or chance-based. Industry associations estimated over 200,000 jobs and $3 billion in foreign investment are at risk, while the government established a central Online Gaming Authority to register games and enforce compliance.Inc42PokerBaazi Writeoff Drags Nazara To INR 34 Cr Loss In Q2Nazara Technologies posted a net loss of INR 33.9 Cr in Q2 FY26, reversing a net profit of INR 16.2 Cr in the year-ago quarter, primarily due to a INR 914.7 Cr impairment write-off of its investment in real-money gaming startup PokerBaazi following a ban on such gaming. Despite the exceptional loss, operating revenue surged 65% YoY to INR 526.5 Cr, driven by strong performance in mobile gaming and adtech segments. The company also faces GST-related regulatory challenges with show cause notices totaling significant amounts affecting its subsidiary and associate entities.The Times of IndiaPokerbaazi stops real money online gaming operations after Dream11, My11Circle - The Economic TimesPokerbaazi has announced an immediate suspension of its real money online gaming services in compliance with India's Online Gaming Bill, 2025, which was passed by Parliament on August 21. The company, in which Nazara Technologies holds a 46.07% stake worth Rs 800 crore, stated it will evaluate future steps following the Bill's enactment into law, which currently awaits presidential assent. Multiple other gaming platforms including Dream11, Zupee, Mobile Premier League (MPL), Probo, and My11Circle have also begun shutting down real-money gaming offerings following the Bill's passage.The Economic TimesPokerbaazi stops real money online gaming operations after Dream11, My11CirclePokerbaazi announced an immediate halt to its real-money online gaming operations after the Online Gaming Bill passed Parliament. The company will evaluate its next steps after the bill becomes law, assuring users their funds remain safe. The bill awaits presidential assent.The Times of IndiaRS clears Online Gaming Bill; Bike taxis back in Bengaluru - The Economic TimesRajya Sabha passed the Promotion and Regulation of Online Gaming Bill, 2025, which bans all real-money online games and proposes a dedicated regulator to determine which games can legally operate, with offenders facing up to three years in prison or fines of up to Rs 1 crore; the bill now awaits the President's assent. Nazara Technologies, which has invested Rs 805 crore in PokerBaazi's parent Moonshine Technologies, faces potential write-off risk as the ban threatens fantasy sports, rummy, poker, and other real-money formats, with its stock falling 23% over two sessions. Separately, bike taxis operated by Uber, Rapido, and Ola resumed in Bengaluru after the Karnataka High Court questioned the government's authority to prohibit the trade, though no formal order has been issued and the government has one month to decide on a policy.EntrepreneurNazara Technologies Acquires 47.7% Stake in PokerBaazi’s Parent Moonshine Technology for INR 982 CrNazara Technologies has agreed to acquire a 47.7% stake in Moonshine Technology, the parent company of PokerBaazi, for INR 982 crore through a combination of secondary share purchases and primary investments. This transaction positions Nazara as the majority stakeholder in PokerBaazi, further consolidating its portfolio in India's online skill-based gaming sector.Indian Startup NewsNazara Tech invests Rs 982 crore in PokerBaazi owner Moonshine TechnologyNazara Technologies has acquired a 47.7% stake in Moonshine Technology, the owner of PokerBaazi, for Rs 832 crore through a secondary transaction and will invest an additional Rs 150 crore via preference shares. This acquisition is part of Nazara's recent strategy to expand its global gaming portfolio, following deals with entities such as GetStan Technologies and Fusebox Games. The move positions Nazara as the 8th largest global gaming acquirer according to Drake Star Partners' Q2 2024 report.Business StandardNazara to acquire PokerBaazi parent Moonshine Technology for Rs 982 crNazara Technologies has agreed to acquire a 47.7% stake in Moonshine Technology Pvt Ltd, the parent company of PokerBaazi, for Rs 982 crore through a combination of secondary transactions and primary capital injection. This strategic move reinforces Nazara's position as a dominant player in India's diversified gaming sector by integrating the country's largest online poker platform into its portfolio.