# Pocket52

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/pocket52

- Industry: Financial Services
- Headquarters: Bangalore, India
- Website: www.pocket52.com
- Total disclosed funding: $0.3M
- Latest round: Seed (Sep 14, 2018)
- Investors on record: 1

## About

Pocket52 provides an innovative online poker platform where users can engage in a variety of poker games, including Texas Hold’em and Omaha, catering to a diverse audience in India.Founded in 2017 in Bangalore, India, Pocket52 is an online poker platform designed for both casual and serious players. The company has successfully completed 4 deals, with its latest funding round being a SERIES B round in July 2021, where it raised INR 50 million from Gameskraft Pvt Ltd. Its founders, Debashish Bhattacharjee and Satyam Verma, previously led initiatives to enhance the online gaming landscape.Pocket52 primarily offers an online poker platform that allows users to participate in various poker games, including popular variants such as Texas Hold’em and Omaha Poker. The platform serves a substantial user base of over 1.6 million registered players in India, catering to both casual gamers and serious enthusiasts. Key functionalities of the platform include cash games, free poker games, and robust tournament structures that facilitate competitive play. The app provides a seamless experience with features such as dynamic themes, secure transactions, and player protections, ensuring that users enjoy a genuine poker experience. The services are designed to satisfy the increasing demand for online gaming in India, as well as other regions where online poker is legal and accessible.In the most recent fiscal year of 2023, Pocket52 generated a revenue of INR 3,576,322.60 and reported an EBITDA of INR -2,321,238.70.Pocket52 plans to utilize the funds raised in its SERIES B round to expand its product offerings and enhance its platform. This includes the development of new poker game variants and features aimed at improving user experience. The company is also targeting expansion into other markets in Asia and intends to launch these initiatives by the end of 2023, leveraging its established user base and expertise in the online gaming sector.

## Funding rounds

- Seed, Sep 14, 2018, $0.3M — Speciale Invest

## Investors

- Speciale Invest (https://capitalatlas.ai/funds/speciale-invest) — Seed