Mumbai: Head Digital Works Private Limited (A23), India’s leading online skill-gaming company, has announced the acquisition of Deltatech Gaming Limited, which operates one of India’s oldest online poker platforms, Adda52. This strategic acquisition marks a significant move for HDW as it strengthens its footprint in the rapidly growing online poker market, further solidifying its leadership position in the Indian online gaming industry.
The transaction, valued at approximately Rs. 491 Crores, will be executed in two phases. HDW will first acquire 51% of Deltatech Gaming, followed by the merger of DGL into HDW. Once the merger is complete, DeltaCorp Limited (“DCL”) will hold a 5.7% stake in HDW.
Adda52, known for being one of India’s most trusted and long-standing online poker platforms, boasts a robust user base and a reputation for delivering exceptional user experiences within the poker community. Head Digital Works, through its flagship brand A23, operates one of India’s largest real-money gaming platforms, offering online rummy and poker to over 75 million users.
A23 launched its online poker platform in October 2024 and has rapidly scaled user engagement through a range of innovative tournaments, game formats, and desktop applications. This acquisition brings together two of India’s most prominent skill-gaming platforms, aiming to provide an unparalleled gaming experience and drive innovation in the online poker sector. By leveraging Adda52’s established expertise alongside A23’s advanced technological capabilities, the combined entity is set to redefine industry standards and accelerate growth in the Indian online gaming market.
Deepak Gullapalli, Founder and CEO of Head Digital Works, shared his excitement about the acquisition: “The acquisition will enable us to offer an enriched gaming experience, drive technological advancements, and cater to the evolving preferences of our users. Adda52 has been a trailblazer in the online poker arena with an excellent platform and a strong, loyal user base. By combining our strengths, we aim to expand our poker business, accelerate growth through new avenues, and create India’s most comprehensive and diversified skill-gaming platform for our customers.”
Ashish Kapadia, Managing Director of DeltaCorp Limited, expressed his optimism regarding the transaction: “We’re excited for this journey with Deepak and team, whose leadership has been instrumental in shaping the online rummy market in India. We believe that this transaction will help Adda52 solidify its leading position in the online poker market.”
This acquisition marks a pivotal moment for both companies as they work together to revolutionize India’s online gaming ecosystem. With the strategic alignment of resources and expertise, HDW is poised to dominate the online poker segment and redefine the digital entertainment landscape for Indian users.
