Investment Summary

Stride Gaming Invests In Passion Gaming Pvt.

On November 21, 2017, Stride Gaming invested in digital media company Passion Gaming Pvt.

Investment Highlights
  • This is Stride Gaming’s 5th transaction in the Digital Media sector.
  • This is Stride Gaming’s 1st transaction in India.

Investment Summary

Date 2017-11-21
Target Passion Gaming Pvt.
Sector Digital Media
Investor(s) Stride Gaming
Deal Type Stake Purchase

Target

Passion Gaming Pvt.

Haryana, India
Passion Gaming Pvt. Ltd. is an innovative online gaming company providing the finest digital card games like online rummy to players in India. Passion Gaming was launched in 2015 by seasoned gaming entrepreneur with a focus on the real money Indian Rummy market.

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Investor(S) 1

Investor

Stride Gaming

London, United Kingdom

Category Company
Founded 2012
Sector Digital Media
Employees190
Revenue 85M GBP (2018)
DESCRIPTION

Stride Gaming is an online gaming operator in both the Bingo-led and social gaming market, using its proprietary and purchased software to provide online bingo and related gaming and social activities to players. Stride Gaming only operates in regulated markets. The Group operates a multi-branded strategy which includes the online bingo brands Kitty Bingo, Lucky Pants Bingo, Bingo Extra, Jackpot Café, Jackpot Liner, King Jackpot, together with online casino and slots brands Spin, Magical Vegas, Big Top Casino and Slots Bonanza. Stride Gaming was founded in 2012 and is based in London, the United Kingdom.


DEAL STATS #
Overall 5 of 5
Sector: Digital Media M&A 5 of 5
Type: Stake Purchase M&A Deals 1 of 1
Country: India M&A 1 of 1
Year: 2017 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-07-29 Tarco

Belize City, Belize

Tarco Ltd. is an online bingo operator with a 3% market share of the UK online bingo market and has over 63,000 active players. It has 22 B2C bingo brands and four B2B brands, including Moon Bingo and Robin Hood Bingo.

Buy £38M