For the Pro in you, we call upon you to experience the best value for rake back. And if that wasn’t enough, our HUD (Heads Up Display) will leave you gaga on the ease at which you can read your statistics and break down your gameplay. For the recreational player in you, we plan and simply offer you a better value for your time deployed with all the support and nudges you need to explore the Poker horizon and who knows, perhaps even become a Pro!
TechGraph: What according to you is the scope of an online card game business like this in the Indian market?
Tessy Jose: We believe that Poker is not a game of cards but a game of people. Information, be it complete or incomplete, along with its timely & accurate usage to execute various degrees of leverage and decisions are the key flavor of the game.
Often referred to as one of the few games where your decisions have a direct influence upon your chances of winning or losing, your unbiased information gathering and subsequent processing of this information to decide with the best value is what separates it to be a game of skill.
With the recognition of Poker as a Game of Skill by the enactment of the Nagaland Online Gaming Act 2016, poker has become a mainstream sport in the Indian markets.
With progressive views paving way for regulating the online real money gaming industry in the country, the Online poker and other card game businesses are spreading their reach and familiarity beyond major centers like Mumbai, Bangalore, NCR, and Kolkata, spreading across the length and breadth of our country. Expansion seems a natural course, as long as one offers value to players, through secure money management, fair play, responsible gaming, and an opportunity for an enthusiast to understand the game and give it a go.
TechGraph: What is your goal in terms of the customer base? What will be the average time that you are aiming to be spent by gamers on PokerNXT?
Tessy Jose: Our approach is not to design discounts and offers to improve stickiness. Our solution is to understand customer behavior well and aim to address the recreational paradox by servicing the hyper-casual recreation gamers, thereby deepening the market itself.
Poker calls upon your cognitive and emotional intelligence- which are basic requirements of a wide range of professions. Be it as practical tutoring on how to use Game theory in your next marketing strategy or leveraging an arbitrage over a trade, Poker offers pearls of wisdom unparalleled by anything else out there! We would even venture to say Poker games can serve as your finishing school to life (and the adulting it calls for !!) and its myriad nuances.
Don’t get us wrong, Poker is not the solution-to-everything, fix-it-all magic wand, but it’s a strong weapon to be walking out in the world with an edge, that little distinguishing advantage in the melee of people.
We think that for a country of 1.35 billion people that are used to playing strategy based card games, poker with a current reach of 2 million subscribers, has still not reached its true potential and it will only happen through solving the recreational paradox.
TechGraph: What kind of growth or fall has online gaming registered during the pandemic?
Tessy Jose: The growth of online poker has been significant during the lockdown phase, but it peaked in the initial month and then plateaued to a level higher than before the lockdown, which itself has been a substantially high growth rate.
TechGraph: You have recently raised seed funding from marquee investors, how did this happen? Are you planning to raise more money in the coming days?
Tessy Jose: The company is currently valued at USD 4.1 Million as of date with broad-based Investor participation from Singapore, Europe, and UAE, and has a planned and thought-after product roadmap to launch PokerNXT in India, and then for favorable geographies globally.
We are also looking for other products in the gaming space that are currently under development following the PokerNXT launch. This expansion phase will see the next sets of fundraising.
TechGraph: What is the roadmap for PokerNXT going forward?
Tessy Jose: We have categorized our roadmap into Short term and Long term.
● Short Term: Market validation of the product and utilize user feedback to refine and improve the proposition
● Long Term: Deepen the market for games – To take gaming to the masses, on the strength of robust technological offering and right value proposition to promote engagement.
Solve the Recreational Paradox by motivating recreational gamers to accept the platform and evolve their paradigm.