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Raj Kundra, Shilpa Shetty's Viaan Industries announces launch of 2nd season of Match IPL



Raj Kundra and Shilpa Shetty Kundra's Viaan Industries Ltd., a popular licensing, entertainment and wellness company are proud to announce the Match Indian Poker League (Match IPL) Season 2 to be held on 31st March, 2018 in Kolkata. This was after a very positive results of the firm announced last week.

After the success of the inaugural Match Indian Poker League season, where seven teams had competed against each another for a total prize pool of Rs. 2.5 crores, Viaan Industries Ltd. has added three more franchisees to their league and the winner would represent Team India at the Match Poker Asian Nations Cup to be held later this year.

The ten teams to fights for the title are Ahmedabad Hearts, Bangalore Royals, Delhi Aces, Goa Lions, Haryana Hawks, Jaipur Jewels, Kolkata Diamonds, Mumbai All Stars, Pune Kings and UP Indians. The prize money would be 1st Place: Rs. 40,00,000, 2nd Place: Rs. 25,00,000, 3rd Place: Rs. 20,00,000 and 4th Place: Rs. 15,00,000.

Raj Kundra, Chairman and Managing Director of Viaan Industries Ltd., "Online poker is fast gaining acceptance, as a game of skill, in the country. At Viaan Industries, we have been playing our role in shaping up this perception. With more than a million players estimated to be playing this mind sport, we envisage a huge growth for the industry going ahead. India is one of the fastest growing online poker markets in Asia. With the industry size at $120 mn already, the industry is estimated to have grown by high double digits over the last few years."

Shilpa Shetty Kundra said, "I got introduced to poker thanks to Shane Warne. He is a poker pro so taught me how to play. On the contrary poker is becoming very big in India. Even at Diwali I notice more and more people playing poker over teen patti. It's a game of skill and requires a lot of mastery. I like playing poker with friends when I get the time. I am small fish but am getting better there ,are so many moves one can make in poker. Poker is all about skill and reading your opponents well. It's one of the highest individual paying in USA and it's catching like wildfire in India. I am proud of what Raj has created with the Match Poker League."

The league is associated with International Federation of Match Poker and allows the winning team of the league to represent team India in international poker leagues.

Viaan Industries results -

Viaan Industries Ltd. (BSE: 537524) is an emerging and fast growing player in the Wellness, Entertainment and Licensing Technology sectors, announced its Unaudited results for the quarter and nine month ended December 31, 2017.

The Q3FY18 Consolidated Revenue of the firm went to Rs. 70.38 crore, showing YoY growth of over 143%. Q3FY18 Consolidated EBITDA at Rs. 7.60 crore, from Rs 2.41 crore in Q3FY17, a jump of 215%. Q3FY18 Consolidated PAT at Rs. 7.39 crore, from Rs 2.35 crore in Q3FY17, a jump of over 214%. Q3FY18 Consolidated PAT Margin jumps to 10.5%.

Raj Kundra said, "The Key developments during the quarter was Successful completion of Season-1 of 'Aunty Boli Lagao Boli' (ABLB) a live game show in which viewers BID for a brand new car put on auction. Launched ChaseBid 2.0 - 'ChaseBid n Buy' feature added to our already successful app ChaseBid, to make it more interesting and engage a larger target audience. 1st Game app launched - 'Shilpa Shetty: Domestic Diva' game was launched during the quarter and already nearing 1 million downloads in no time. Match IPL franchise widened - 3 franchisees were incrementally added to the Match IPL league this quarter.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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First Published: Mon, February 19 2018. 19:21 IST