Deltatech Gaming

Incorporated in 2011, Deltatech Gaming Limited is one of the earliest companies to operate in the real-money gaming segment in India. It is considered a category pioneer and Adda52, one of its platforms, was India’s first online poker platform that offered multiple poker variants. Until FY21, Deltatech Gaming held a market share of more than 34.5%.

The company offers real-money games such as poker, rummy, ludo battle, daily fantasy sports through its platforms like Adda52, Adda.games and Adda52Rummy. To further expand its presence in the gaming industry Deltatech Gaming acquired Faboom, a multi-gaming technology, in April 2021 and rebranded it as Adda.games

As of 31 March 2022, the company has a registered user base of 5.5 million. The user base has grown at a CAGR of over 38% in the last five years, leading to an increase in its deposits. An increase in deposits is an indication that a gamer spends more time on the platform, engages in more games and helps raise the income from operations.

The company collects revenue by offering games based on platform fees. The players deposit money in a virtual account, which is held by the platform as a fiduciary and returned entirely to the winner except for the platform commission. This commission ranges from 3 – 15% for the majority of the games offered on the company's online platform.

And now, Deltatech Gaming is coming out with its initial public offer (IPO). The IPO will be a combination of an offer for sale as well as a fresh issue. The net proceeds will be used to fund growth initiatives and for strengthening its technology infrastructure. The company shares will be listed on the NSE and BSE.