An online skill based gaming startup based out in Delhi, 9stacks has made an announcement that it has successfully closed the Series A round of funding after raising $3.84 Mn which were led by WaterBridge Ventures. Astarc Ventures along with other investors also participated in the round.
The funding will be used by 9stacks for expanding it team and also to build its technology platform. It will also use to ramp out the user acquisition, data analytics, machine learning, and product and market expansion.
The company 9stacks was founded in the year 2017 by Rishabh Mathur, Abhinav Nigam, Pratik Kumar and Sudhir Kamath. 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.
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The CEO of 9stacks, Sudhir Kamath says that “With Waterbridge Ventures becoming the lead investor in our Series A fundraise, we are delighted to announce that 9stacks is India’s first online poker company to reach this funding milestone. We want 9stacks to be the preferred platform for poker in India, especially for new players, where anyone can discover, learn and play poker, any time, anywhere.”
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