Shimal Kapoor Joins Probo as Head of Policy for India’s Skill-Based Gaming Sector

Probo, an opinion trading platform, has welcomed Shimal Kapoor as the new head of policy. This strategic appointment aims to enhance its interaction with regulators and bolster the development of policies within India’s skill-based gaming industry.

Strategic Hire to Shape Regulatory Framework

The platform, which boasts over 34 million users, highlighted that this move aligns with its ambition to influence the regulatory landscape of this developing sector.

Collaboration with Government and Policymakers

In her new capacity, Shimal will engage closely with government entities and policy makers. She comes equipped with a rich background in law and public policy, having previously held positions at Meta, the World Bank Group, and the legal firm Shardul Amarchand Mangaldas & Co.

Shimal’s Vision for India’s Gaming Sector

Shimal expressed optimism about her new role, stating that India’s skill-based gaming industry is at a pivotal moment, fostering both digital innovation and economic growth. She noted that Probo has quickly established itself as the leading platform for opinion trading, and she looks forward to leveraging her expertise to strengthen Probo’s relationships with key stakeholders, solidifying its status in the market.

Probo’s Business Model and Growth

Probo allows users to engage in trading opinions on various real-world events spanning sports, entertainment, and current affairs. The firm benefits from backing by prominent investors including Peak XV, Elevation Capital, and Fundamentum.

Remarkable Financial Performance

Recent reports indicate that Probo’s operational revenue soared to Rs 459 crore in FY24, a significant rise from Rs 86 crore in FY23. Profitability also witnessed substantial growth, increasing from Rs 3.7 crore to Rs 92 crore during the same timeframe.