Moonshine Technology
New Delhi-based parent of Baazi Games, operator of PokerBaazi (online poker, the majority of net revenue), SportsBaazi (fantasy/casual gaming) and CardBaazi. Nazara Technologies acquired a 47.7% stake for Rs 832 Cr (~$100M) plus a Rs 150 Cr primary infusion via compulsory convertible preference shares in Sept 2024. After India's Promotion and Regulation of Online Gaming Act, 2025 banned real-money online…
Moonshine Technology: Funding Rounds
| Date | Round | Amount | Investors | Source |
|---|---|---|---|---|
| 12 Sep 2024 | Private Equity | $17.9 Mn | Nazara Technologies | source |
| May 2021 ~ | Undisclosed | $5 Mn | i3 Interactive | source |
Acquisitions
| Date | Acquirer | Acquired | Amount | Source |
|---|---|---|---|---|
| 7 Mar 2025 | Moonshine Technology | OpenPlay | ₹104.33 Cr | source |
| 12 Sep 2024 | Nazara Technologies | Moonshine Technology | ₹832 Cr ($100 Mn) for 47.7% | source |
Recent Signals
-
1 Sep 2025 · org-team
Moonshine lays off 200+ employees, nearly half its workforce, after real-money gaming ban source -
31 Aug 2025 · regulatory
Nazara terminates residual 0.96% Moonshine stake purchase after India's real-money gaming ban source -
3 Jan 2025 · ma-strategic
Nazara's Sept 2024-announced 47.7% Moonshine stake purchase closes in tranches through Jan 2025 source
News on Moonshine Technology
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Who founded Moonshine Technology?
Moonshine Technology was founded by Navkiran Singh, Puneet Singh, Varun Ganjoo, Avneet Rana, Anirudh Chaudhry in 2014.
How much funding has Moonshine Technology raised?
Moonshine Technology has raised $22.9 Mn across 2 tracked funding round(s), most recently on 2024-09-12. Figures are compiled from cited public sources.
Who are the investors in Moonshine Technology?
Investors in Moonshine Technology include Nazara Technologies, i3 Interactive.
What does Moonshine Technology do?
New Delhi-based parent of Baazi Games, operator of PokerBaazi (online poker, the majority of net revenue), SportsBaazi (fantasy/casual gaming) and CardBaazi. Nazara Technologies acquired a 47.7% stake for Rs 832 Cr (~$100M) plus a Rs 150 Cr primary infusion via compulsory convertible preference shares in…
Where is Moonshine Technology headquartered?
Moonshine Technology is headquartered in New Delhi, India.
What is Moonshine Technology's business model?
Moonshine Technology's core value proposition centers on Leading online poker platform in India.
How does Moonshine Technology make money?
Moonshine Technology's cited revenue streams include PokerBaazi (online poker), SportsBaazi (fantasy sports).