Nazara's Major Investment in PokerBaazi-Owner Moonshine Technology
Nazara's Major Investment in Moonshine Technology
Nazara has made a bold move by investing Rs 982 crore in Moonshine Technology, known for owning PokerBaazi. This investment is a testament to the rising popularity of online gaming platforms, especially PokerBaazi, which is responsible for more than 85% of Moonshine's net revenue. With an impressive 340,000 monthly active users as of May 2024, the implications of this financial commitment are significant.
Key Highlights of the Investment
- Investment Amount: Rs 982 Crore
- Primary Revenue Driver: PokerBaazi (85% of net revenue)
- Fantasy Sports Insights: SportsBaazi contributes 12% of revenue
This move not only emphasizes Nazara's confidence in the evolving online gaming sector but also showcases the potential for further growth in the industry.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.