Adda52, India's leading real-money online poker platform, was acquired by Head Digital Works for approximately $54 million, highlighting its strong market presence in the growing online gaming industry.
Information on the Target
Adda52 is India’s leading real-money online poker platform, offering popular card games such as Texas Hold’em poker and rummy. Established in 2010 by Gaurav Gaggar, a co-founder of T9L, Adda52 has grown rapidly and solidified its status in the online gaming industry. The platform's recent acquisition by Head Digital Works for approximately $54 million reflects its significant presence and market strength.
Industry Overview in India
The online gaming industry in India has witnessed remarkable growth over the past decade, driven by increasing internet penetration and the popularization of mobile devices. The gaming landscape has evolved, with poker and card games gaining substantial traction among users, creating a burgeoning market for online real-money gaming platforms.
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Regulatory changes and a shift in public perception have also contributed to the growth of the online gaming sector. While traditional gambling remained
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Disclosed details
Transaction Size: $54M