Gaming startup WinZO raises $18 million in Series B funding
Published on 4th Sept, 2020 | 1 min read
Online gaming platform WinZO has raised $18 million in Series B funding round led by Singapore based Makers Fund and US based Courtside Ventures, making it the single largest investment into an Indian gaming startup since the covid-19 outbreak. Last month, Gamezop received $4 million in series A funding from Bitkraft, Velo Partners, FJ Labs and others. Kalaari Capital, which led a $5 million series A funding in WinZO in 2019 was involved in the series B round. “Mobile gaming is a large opportunity in India, and in a short span of time, WinZO has built a high quality vernacular gaming platform for the masses. We are very excited to partner with Makers and Courtside in the next leg of WinZO’s journey and bring superior entertainment to the next 200M gamers,” Rahul Garg, Principal at Kalaari Capital said in a statement. Founded by Paavan Nanda and Saumya Singh Rathore in 2018, WinZO is one of the fastest growing gaming platforms with revenue growing at 1500% and 20 million new user additions in the last 12 months. With the new round of funding, WinZo plans to improve its content pipeline and engage mobile first gamers.
