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READ: Online Poker Startups in India Worth $120M
- Updated: November 18, 2016
Indian poker startups like Adda52, Poker-Baazi and Spartan Poker make at least five crore rupees a year, or $50 million, reported The Economic Times. Reports last year placed the startups’ worth at an estimated $110 to $120 million.
Rajat Agarwal, the co-founder of Spartan Poker who referenced these reports, said that this model is working.
“Online poker is a profit-making model,” he told The Economic Times.
Over 50,000 people play online with these “homegrown” online poker startups and 95 percent of India’s professional players are male. Three of India’s …
