Delhi-based WinZO Games bags $5 million in series A funding led by Kalaari Capital, Hike

Must Read

Jharkhand polls for 81 constituencies from November 30 to December 20; counting on 23rd December

Addressing a press meeting today, Chief Election Commissioner Sunil Arora has announced the poll dates for Jharkhand Legislative assembly....

Congress forms six-member committee of AICC to review situation of NRC in Assam

In a bid to review the condition of Assam state after the implementation of the NRC exercise, Congress party...

Shiv Sena elects Eknath Shinde as party’s legislative leader; Sunil Prabhu appointed as chief whip of party

In a striking breakthrough, Shiv Sena elected senior minister Eknath Shinde as the party's legislative leader today. It has...

WinZO Games, a vernacular real-money gaming platform, based out of Delhi, has bagged $5 million (approx ₹34 crore) in series A funding. The round was led by Kalaari Capital and messaging and payments platform Hike.

While, in 2018 as well, Kalaari Capital had led the company’s seed round, and Rahul Garg, principal of Kalaari, said that the team is highly impressed with WinZO’s growth trajectory and strong execution.

WinZO Games was founded by Paavan Nanda and Saumya Singh Rathore in 2018. The platform offers esports vernacular gaming platform with monetary benefits and is available in 10 languages.
The company offers games of skill such as carrom, cricket, 8-ball pool, Sniper 3D, Bubble Shooter, Fruit Samurai, Knife Up, fantasy leagues, and trivia-based games. These games are acquired from developers and studios from across the world, and published by WinZO.
The company claims to have more than 7 Mn registered users across Tier 2/3/4/5 cities. It claims that users are currently spending more than 55 minutes inside the app on average every day.
WinZO games claims that the top 20% of the users are already spending 60% of their smartphone usage time on the platform.
“Gaming to us has always been a new, bite-sized source of entertainment for the masses. As we unbundle Hike, we think of our investment in WinZO and its stellar team as a strong bet in the segment,” said Kavin Bharti Mittal, founder and CEO, Hike.

Last week, WinZo games announced a $1.5 million fund to support game developers and acquire content for the platform.

Whereas, according to the Evolving Landscape of Sports Gaming in India report, the fantasy sports industry is already worth INR 43.8 billion and is said to reach INR 118.8 billion by FY23 with a growth rate of CAGR 22.1%.

Some of the significant vernacular gaming platforms includes GamePind, Dream11, Games2Win, and many more.


Please enter your comment!
Please enter your name here

- Advertisement -

Latest News

While Pak shares terror, India development partnership: Envoy

By Arul LouisNew York, Nov 22 (IANS) Contrasting India's and Pakistan's involvement in Afghanistan, India's envoy to the US,...

Renowned Marathi scribe Nilkanth Khadilkar, father of chess prodigies ‘Khadilkar sisters’ dead

Mumbai, Nov 22 (IANS) Renowned Marathi journalist Nilkanth Khadilkar -- the father of India's formidable Chess prodigies called 'Khadilkar sisters' -- passed away following...

Twitter rolls out ‘Hide Replies’ feature globally

San Francisco, Nov 22 (IANS) Twitter has finally rolled out its "Hide Replies" feature globally which lets users hide replies they think are irrelevant,...

Google will pay you $1.5 mn for finding bugs in Pixel phones

San Francisco, Nov 22 (IANS) Google has announced to pay $1 million as top award to security researchers who can find a unique bug...

Facebook may finally take some action on political ads

San Francisco, Nov 22 (IANS) Sense seems to be prevailing at Facebook and the social networking giant is willing to make some changes in...
- Advertisement -

More Articles Like This