Largest angel funding in the online skill-gaming space
• Investment to be used to scale tech, product and design team, ramp up online poker customer base in India, and evaluate new geographies and other real money skill-based gaming categories
• List of Angel investors include other startup founders and MDs from VC and PE funds
New Delhi, December 21, 2017: Real-money online skill-based gaming startup 9stacks today announced the close of more than Rs 10 Crore in angel funding (Pre-Series A). Angel Investors include Swati Gupta (Founder, IndustryBuying), PurnimaKhandelwal (Founder, INI Farms), MaheshwerPeri (Founder, Careers360), (Founder, Swas Healthcare), AnantDaga (MD, TCNS Clothing / W), KartikSheth (Chief Innovation Officer Airtel and CEO, Wynk), KedarGavane (VP, ComScore), Amit Diwan (Sr. Director, HinSanjay Singhes), MohitSardana (CBO, GoFro) and ShubhajitSen (ex-CMO, Micromax). The round also saw participation from a number of VC and PE investors in their personal capacities.
9stacks currently offers online real-money poker to customers in 24 Indian states, who can access its modern and secure poker platform on 9stacks, and on iOS, Android, MacOS and Windows native apps.
9stacks will utilize the funding to accelerate its product and technology development as well as scale to other geographies and other categories within the real money online gaming space. The company is also significantly investing in producing its own poker-specific content to help users develop their poker skills and connect with other poker players.
“Our vision is to make 9stacks India’s best online poker platform” said Sudhir Kamath, CEO and co-founder, 9stacks. “With the backing of our angel investors, we want to make 9stacks the first choice for new users to play poker, with the most user-friendly interface, quickest pay-ins and pay-outs through seamless integration with payment gateways / bank accounts, and clear policies on tax deduction for a safe and hassle-free playing experience.”
The real-money skill-based gaming segment includes companies offering rummy, poker and fantasy league contests, and has seen a number of investments and exits recently.
Corporate Comm India(CCI Newswire)
