News on Medial

Probo appoints Shimal Kapoor as head of policy

Entrackr · 24d

Probo appoints Shimal Kapoor as head of policy Opinion trading platform Probo has appointed Shimal Kapoor as head of policy to strengthen its engagement with regulators and support the policy development process for India’s skill-based gaming sector. The company, which serves over 34 million users, said this strategic hire aligns with its goal to contribute to the regulatory framework of this emerging category. Shimal will work closely with government bodies and policymakers. She brings a diverse background in law and public policy to her new role as Head of Policy at Probo. Her experience includes positions at Meta, the World Bank Group, and the law firm Shardul Amarchand Mangaldas & Co. “India's skill-based gaming sector is at an inflection point, driving both digital innovation and economic value. Probo has quickly become the top choice for opinion trading, and I am excited to bring my experience to the table, helping deepen Probo’s connections with stakeholders, and cement its position as one of the leading players in the market,” said Shimal. Probo enables users to trade opinions on real-world events across sports, entertainment, and current affairs. The company is backed by Peak XV, Elevation Capital, and Fundamentum. As per TheKredible, Probo’s revenue from operations surged to Rs 459 crore in FY24 from Rs 86 crore in FY23. During the period, its profit also increased massively to Rs 92 crore from Rs 3.7 crore.