Mumbai, India – In a move that has sent shockwaves through the gaming industry, leading mobile gaming company Nazara Technologies has announced a massive investment of Rs 982 crore in PokerBaazi’s parent company, BW Disrupt. With this investment, Nazara has acquired a significant 47.7% stake in the online poker platform, marking a major milestone in the company’s expansion into the gaming sector.
Founded in 2014, PokerBaazi has quickly established itself as one of India’s premier online poker platforms, offering a wide range of games and tournaments for players of all skill levels. The platform has gained a loyal following of players who appreciate its user-friendly interface, secure payment system, and robust player protection measures.
Nazara’s decision to invest in PokerBaazi comes at a time of rapid growth in India’s online gaming market. With the country’s smartphone penetration on the rise and internet access becoming more widespread, the demand for online gaming platforms has never been higher. By acquiring a significant stake in PokerBaazi, Nazara is positioning itself as a key player in this booming sector.
Speaking about the investment, Manish Agarwal, CEO of Nazara Technologies, said, “We are thrilled to partner with PokerBaazi and BW Disrupt. We believe that online poker is a rapidly growing industry in India, and with PokerBaazi’s strong brand presence and innovative offerings, we see a lot of potential for growth. This investment marks a significant milestone in our strategy to expand our presence in the gaming sector.”
The investment from Nazara is expected to provide PokerBaazi with the resources and support needed to continue its growth trajectory. With access to Nazara’s extensive network of partners and investors, PokerBaazi will be well-positioned to expand its user base, introduce new features and game offerings, and further cement its position as a leader in the online poker industry.
Commenting on the partnership, Varun Mahna, CEO of BW Disrupt, said, “We are excited to have Nazara on board as a strategic partner. Their deep expertise in mobile gaming and their proven track record of success make them the perfect partner for us as we look to take PokerBaazi to the next level. We are confident that this partnership will accelerate our growth and help us reach new heights of success.”
The news of Nazara’s investment in PokerBaazi has been met with excitement and enthusiasm from industry experts and players alike. Many see this move as a sign of the growing importance of the online gaming sector in India and a vote of confidence in PokerBaazi’s potential for success.
With Nazara’s backing, PokerBaazi is poised to become a dominant player in the online poker industry, offering players an unparalleled gaming experience and access to a wide range of exciting tournaments and cash games. As the partnership between Nazara and PokerBaazi continues to evolve, the future looks bright for both companies and for the Indian gaming industry as a whole.