Indian gaming startup Gamezop raises ₹32 crore from US investors Bitkraft
Published on 28th August, 2020 | 1 min read
NEW DELHI: Homegrown multi-games platform Gamezop with over 34 million monthly active users has raised ?32 crore in Series A funding from US-based Bitkraft Ventures, Velo Partners, and FJ Labs. “Gamezop powers the gaming section on various other platforms which want to drive up user engagement using games. Pushing on a new gaming application can be expensive. These partner tie-ups account for roughly 75% of Gamezop’s business,” said Gaurav Agarwal. “We have been looking to enter the Indian gaming market for a while and with Gamezop, the factors that excite us the most came together nicely – proven model ready to scale, extreme capital efficiency, solid product moat, and an unfair advantage in user acquisition. That Gamezop could scale to over 34 Mn users in a highly competitive space, while being profitable and with minimal external capital highlights the team’s capabilities to be a major internet company,” Malte Barth, Founding General Partner, Bitkraft said in a statement. In June, another gaming startup Bombay Play had raised $1.5 million in pre-series A round from Leo Capital, an angel investor and co-founder of Livspace Ramakant Sharma.
