Head Digital Works, the parent company of A23, has now announced the acquisition of Deltatech Gaming’s leading brand- Adda52 to underscore its commitment to expand its footprint in the rapidly growing online poker market and further cementing its position as a leader in the Indian online gaming industry.
The transaction will be executed in two phases for a total consideration of approximately Rs. 491 Crores wherein HDW will initially acquire 51% of Deltatech Gaming, followed by a merger of DGL into HDW.
That said, upon completion of the merger, DeltaCorp will hold a 5.7% stake in HDW.
This acquisition brings together two of India’s biggest skill-gaming platforms, aiming to deliver an unparalleled gaming experience and foster innovation in the online poker space.
By leveraging Adda52’s expertise and A23’s technological capabilities, the combined entity is poised to set new industry standards and accelerate growth in the Indian online gaming market.
Commenting on the development, Deepak Gullapalli, Founder and CEO, Head Digital Works said, “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.”
To this, Ashish Kapadia, Managing Director, DCL, said, “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’s leading position in the online poker market.”
