Moonshine is the parent company of PokerBaazi, an online poker gaming platform.
In its filing to the exchanges on Thursday, Nazara claimed that PokerBaazi is Indiaβs largest online poker platform, driving over 85% of Moonshineβs net revenue, while its fantasy sports platform, SportsBaazi, contributes 12%. PokerBaazi had 340,000 monthly active users as of May 2024.
The companyβs success is attributed to its dynamic and forward-thinking leadership team, led by Founder & CEO Navkiran Singh and Co-Founders Puneet Singh, Varun Ganjoo, Avneet Rana, and Anirudh Chaudhry, the filing said.
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Commenting on the development, Nitish Mittersain, CEO of Nazara Technologies, said, βThis investment in Moonshine Technology represents a significant step in our journey to strengthen Nazaraβs position as Indiaβs dominant diversified gaming platform. PokerBaazi has not only emerged as the undisputed leader in online poker gaming in India but has also set new standards in user engagement, innovation, and overall experience.β
Sharing his views, Navkiran Singh, CEO & Founder of Baazi Games (MTPL), said that the Indian gaming sector continues to grow, and partnering with Nazara Technologies is the right step toward advancing the nationβs gaming ecosystem.
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