Gameskraft Pvt Ltd

Gameskraft Pvt Ltd

Gameskraft Pvt Ltd was founded in 2017 by Prateek Maheshwari, Naman Rastogi and Nikhil Asopa, who built the company around a skill-gaming thesis in India's gray-market real-money gaming sector. The company's wealth origin is undisclosed, but its growth was accelerated by angel and venture backing — it raised $75M from a consortium including Steadview Capital and Cedar Equity in 2021 (per TechCrunch, October 2021), a round that valued it over $2B. The founders remain controlling shareholders. Strategy centers on developing and operating real-money gaming apps — Rummy Culture, Gamezy and Poker Culture — that generate revenue via player entry fees. The firm classifies these as games of skill rather than chance to navigate India's patchwork of state gambling laws. It invests in user acquisition, game design and payment infrastructure; asset-class exposure includes digital gaming platforms, fintech rails and intellectual property. Geographic footprint is entirely India, with Bangalore headquarters and a Gurugram office. As of March 2024, Gameskraft had not disclosed an AUM or deployment figure; public filings indicate it operates as a private company, not as a fund. The firm raised $75M in Series A from Steadview Capital and others, per TechCrunch (October 2021). No team size is publicly reported, though LinkedIn suggests 500+ employees across engineering, product and operations. The firm's philanthropic structure is not disclosed. Gameskraft's structural differentiator is its operation in India's high-stakes real-money gaming market, where it has faced tax demands of over $21B from India's Goods and Services Tax authority (per Bloomberg, September 2022). That dispute, which challenged the legality of its skill-gaming business model, has been a defining operational feature — forcing the firm to defend its revenue structure in court while continuing to scale user base.