In a groundbreaking move in the Indian gaming industry, Nazara Technologies, a leading mobile gaming company, has announced its plans to invest a staggering INR 982 crores in Moonshine Technology, the parent company of PokerBaazi, India’s top online poker gaming platform. This investment marks a significant milestone for both companies and highlights the growing popularity and potential of the online gaming sector in India.
PokerBaazi, founded in 2014 by Navkiran Singh and Varun Ganjoo, has quickly risen to prominence as one of the most trusted and popular online poker platforms in the country. With a user-friendly interface, a wide range of games, and secure payment options, PokerBaazi has become the go-to destination for poker enthusiasts in India. The platform offers a variety of poker games, including Texas Hold’em, Omaha, and more, catering to players of all skill levels.
Nazara Technologies, with its extensive experience and expertise in the gaming industry, recognizes the immense growth opportunities in the online poker market in India. The company’s investment in Moonshine Technology is a strategic move to strengthen its presence in this segment and capitalize on the increasing demand for online gaming services in the country. With this partnership, Nazara aims to further enhance PokerBaazi’s offerings, expand its user base, and solidify its position as a market leader in the online poker space.
Speaking about the investment, Manish Agarwal, CEO of Nazara Technologies, said, “We are excited to partner with Moonshine Technology and support the growth of PokerBaazi. Online poker is a rapidly growing segment in the Indian gaming industry, and we see tremendous potential in this space. With our investment and strategic guidance, we aim to take PokerBaazi to new heights and provide an unparalleled gaming experience to players across the country.”
Navkiran Singh, Co-founder and CEO of Moonshine Technology, expressed his excitement about the partnership with Nazara Technologies, stating, “This investment will enable us to accelerate our growth and innovation initiatives, further enhance our technology infrastructure, and expand our reach in the market. We are thrilled to have Nazara as our partner and look forward to leveraging their expertise to drive the success of PokerBaazi.”
The online gaming industry in India has witnessed significant growth in recent years, fueled by increasing smartphone penetration, rising disposable incomes, and changing consumer preferences. With more people turning to online platforms for entertainment and social engagement, the demand for online poker and other gaming services has surged. Nazara Technologies’ investment in PokerBaazi signals the company’s confidence in the potential of the Indian gaming market and its commitment to driving innovation and growth in this space.
As the partnership between Nazara Technologies and Moonshine Technology takes shape, industry observers are eager to see how PokerBaazi will evolve and expand its offerings to cater to the growing demand for online poker in India. With Nazara’s backing, PokerBaazi is poised to set new benchmarks in the online gaming industry and establish itself as a top player in the market. This collaboration between two industry leaders is set to redefine the online gaming landscape in India and pave the way for a new era of gaming excellence. Overall, this investment is a significant development in the Indian gaming industry and a testament to the immense potential of online poker as a mainstream form of entertainment in the country.