Technology Other News 23 Jan 2020 9Stacks is bullish a ...

9Stacks is bullish about 100 per cent increase in user base in India in 2020

DECCAN CHRONICLE
Published Jan 23, 2020, 1:42 pm IST
Updated Jan 23, 2020, 1:43 pm IST
It has a Self-Exclusion feature, setting a deposit limit to put restrictions on the player ability to deposit money into his user balance.
The platform is mainly aimed at online poker where users can learn and play the game online and also earn money.
 The platform is mainly aimed at online poker where users can learn and play the game online and also earn money.

9Stacks, India’s fastest growing poker platform foresees to have 6 lakhs users by 2020, almost 100% rise in engagement across different levels of poker games compared to 2019. States like Maharashtra, Rajasthan, Delhi already witness the maximum traction and 80% active users belong to 20-34yr age group and they prefer Texas Hold'em Poker. The platform currently has 3.25L users across India since their inception in 2017 and has witnessed 350% increase in user base in 2019. The platform currently offers Texas and Omaha variants of poker that engage both experienced players and learners.

The Delhi based poker gaming start-up has also introduced Self-Exclusion feature, setting a deposit limit to put restrictions on the player ability to deposit money into his user balance. This limit has two components: the amount of money a player can deposit within a week and whether he can deposit cash at all within a week and if a player loses the amount he is not allowed to play for the remainder of the seven-day limit. In the latter option, the option to deposit money into his balance is taken away from him for seven days. There is also an option whereby the user can restrict the stakes at which he plays. All these features ensure players play responsibly and do not get carried away.

 

9stacks was founded in 2017 by Sudhir Kamath, Pratik Kumar, and Rishab Mathur. It is a real-money skill-gaming platform focused on technology development and branding/marketing in the space of real money online gaming in India. The company had raised Series A round of funding of $4 million (Rs 28 crore) led by WaterBridge Ventures, Astarc Ventures and other existing investors in 2018. The funds were utilized across team building and making the platform more user-friendly.

The platform is mainly aimed at online poker where users can learn and play the game online and also earn money. It currently offers its online poker gaming services in 24 Indian states. It also offers fantasy league contests, other than poker.

 

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