Mad Over Poker

Madoverpoker.com (MOP) is an early stage startup which is in one of the few corporatized online poker
playing platforms, largely an unorganized segment in India. Mad Over Poker is an online poker platform run
by a group of experienced and passionate poker players from India. Their aim is to give the other poker
History and Evolution
enthusiasts their best playing experience trimmed from the best of the best online game plays. This start-
up is first-of- its kind online real money driven product in India. Incorporated in April 2017, and was
launched on 3rd August, 2017 .
Providing a safe, secure, multiplatform tool for playing poker. They plan to serve all levels of players, be it
Purpose a poker beginner or a champ and guarantee that with wide selection of games and tournaments.

Financials Bootstrapped

Core Values Highest level of business conduct and upholding sportsmanship

Key People Founders - Amit Kanodia (CEO), Avinash Pitti & Abhishek Pitti

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Poker in India
• As game, poker lies in a strong grey area. However, within India itself poker has
several connotations.
• As per the central government, poker is classified as legal except for a few
states like Telengana, Gujarat, Assam and Odhisha.
• As per Indian constitution, gambling comes within state subject and therefore
the central act is applicable in all the states which do not have any particular
gambling laws.
• Heavy competition in the Indian poker market makes for another challenge for
any new online poker portal.
• TDS policy in place as per government directives
• The Indian online poker industry is currently pegged at $120 million (As of April
2018)

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Company/Platform Analysis
• The platform has two variants of poker - Texas Hold’em and Pot Limit Omaha.
• The platform has cash games running from stakes of Rs 0.25 or Rs 0.5 to as high as Rs 500 to Rs 1,000,
along with a huge array of tournaments for small stake players as well as high-rollers
• Free entry tournaments for increasing bankroll
• Special offerings –
• Madhouse - India’s first 1000x ratio on entry fee tournament
• Sunday Blast Series – a one-day poker series
• MadOverPoker team lays emphasis on designing the offerings and bringing in something new and
innovative for customers
• MadOverPoker aims to grow exponentially by acquiring new customers, developing more unique
offerings in terms of financial dissemination, and implementation of the games
• Every card and number that is generated within Mad Over Poker is completely random, and our
number generator is also verified and endorsed by an external body
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Major Competitors
• Adda52
• Real Poker India
• Poker Baazi
• PokerStars
• PokerRaj
• Spartan Poker
• 9 Stacks
• Poker Dangal

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In News
Indian gaming business set to rake in the moolah - A recent report from KPMG pegs the market size of the gaming sector
in India at a whopping Rs 4,380 crore in 2018 and predicts this to grow to over Rs 5,540 crore by the end of 2019.

7 Investment lessons poker as a game can teach you - Perceptions may vary but there are very few games like poker that
go beyond depending on luck. It requires that players have a keen sense of strategic thinking, artful dodging, and
deadpan expressions.

Abhinav Iyer From India Ends Day 3 APT Vietnam ME As Chip Leader –

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