Adda52

Have updates for this profile? Please contribute data

= Subscriber Access Only

You are viewing a preview of this profile. Request a Preqin Pro demo for full access to all profiles and underlying data.

With Preqin Pro, you gain an unobstructed view of all alternative asset class activity across institutional investors, fund managers, funds, portfolio companies, deals, exits, and service providers.

Adda52 - overview

Established

2011

Location

Panaji, Goa, India

Primary Industry

Software

About

Adda52 is a prominent online poker platform in India, providing a variety of poker games and tournaments tailored for enthusiasts of all skill levels. Adda52 operates as an online poker platform that offers a range of poker variants and gaming experiences. Founded in 2011 in Panaji, India, it has participated in 1 deal, with its most recent deal occurring on February 21, 2025. The company recently underwent a Corporate Carve Out, where it raised INR 491 million in its latest funding round from Head Digital Works Pvt Ltd.


Adda52 operates as a leading online poker platform that offers a diverse range of poker variants and gaming experiences. Central to its offerings are games such as Texas Hold'em, Pot Limit Omaha, and Crazy Pineapple, which cater to both novice and experienced players. The platform is designed to enhance user engagement through a well-structured tournament system, a user-friendly interface, and educational resources, including 'How to Play' videos. Targeting a wide demographic, Adda52 serves players across India, excluding specific regions where online gaming is restricted, broadening its reach within the permissible markets.


The company positions itself as a trusted venue for poker enthusiasts, emphasizing responsible gaming practices and a commitment to player satisfaction. Revenue for Adda52 is generated primarily through real-money poker games, where players buy-in to tournaments and cash games using their funds. The platform employs a transaction structure based on entry fees for tournaments and a percentage rake from cash games. Players engage with the platform by depositing funds into their accounts and competing for cash prizes, thereby generating income for Adda52.


The platform also features promotions and bonuses that incentivize new players, creating additional entry points for revenue generation. Through its strategic positioning and offerings, Adda52 capitalizes on the growing popularity of online poker in India, fostering ongoing player engagement and loyalty. In February 2025, Adda52 was acquired by Head Digital Works Pvt Ltd. for INR 491 million, which will allow the company to expand its market offerings.


Going forward, Adda52 plans to enhance its product line by developing new poker variants and launching educational tools aimed at new players. The company is also targeting expansion into additional markets within India where online gaming regulations permit, aiming to increase its user base by the end of 2026. The funds from the recent acquisition will support these initiatives, providing resources for technology upgrades and marketing efforts.


Current Investors

Head Digital Works Pvt Ltd.

Primary Industry

Software

Sub Industries

Casinos & Gambling, Gaming

Website

www.adda52.com/

Verticals

Mobile Apps

Company Stage

Add-on

Total Amount Raised

Subscriber access only

Adda52 - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
Add-on, Corporate Carve OutCompletedAdda52-

Displaying 1 - 1 of 1

Time to go Pro

Get Preqin Pro for unrestricted access to 600,000+ detailed profiles on fund managers, investors, funds, companies, and other alternative asset players. Unlock exclusive data on future plans, company financials, fundraising history, track records, and more.