We have some very exciting news today for all our Poker Indian Group fans! 9stacks, an online gaming startup based in Delhi has reportedly raised a whopping $1.55 million (INR 10 Crores approx.) seed funding. This is believed to be the largest seed funding received by any online poker platform in India till now. The funding was provided by a group of investors like Kartik Sheth (Chief Executive, Wynk Music), Maheshwer Peri (Founder, Careers360), Purnima Khandelwal (Founder, INI Farms) and Swati Gupta (Founder, IndustryBuying). Now this is surely some headline making poker news India, isn’t it guys?
Gaining an edge
9stacks was launched this year before Diwali. The online gaming platform was founded by 4 established & dedicated professionals namely Pratik Kumar, Sudhir Kamath, Rishab Mathur and Abhinav Nigam. Sudhir Kamath was the MD/CEO of the Indian oil exploration organization Suntera Energy previously; whereas Pratik Kumar was among the founders of Zivame.
With this news worthy investment and the collective corporate experience of the founders, the online startup has certainly gained an edge over its competitors in the mostly unorganized poker sector. After gathering the monumental investment, the startup is now gearing up to effectively use funding to boost their online gaming portal, include additional resources in their lineup, add to their core team and develop a solid marketing strategy to become one of the market leaders in India. 9stacks has been offering specific poker based content to develop the gaming skills of their users and now they plan to provide a better online poker gaming experience to the players.
Sudhir Kamath, CEO of 9stacks, in a recent interview to PokerGuru said, “We mainly reached out to people who we have worked with in the past, we all have worked in different corporates in the past so we reached out and had our first round of funding.”
Regarding the utilization of the funding, he said “We have developed most of our tech in-house in terms of our platform and features we are offering to our customers. A great deal of emphasis will be on that and on the product.” He added “…we are adding features for specific platforms as we go ahead. Development wise, we are currently focusing only on India…This round of funding, we are using solely on Poker.”
Kamath concluded, “Vision is to make 9stacks the best online poker platform in the country. We are focusing on user friendly interface, easy and clear payouts and deposits system and clear policies of tax deductions. We hope to have many new players joining us.”
We, at Poker Indian Group, wish 9stacks the very best and hope to see them take Indian poker to great new heights.
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