WinZO, a New Delhi, India-based gaming app, raised $18m in Series B funding.
The round was led by global interactive entertainment fund Makers Fund based in Singapore, and New York based Courtside Ventures. Kalaari Capital, which first invested in WinZO in 2018 and led the company’s Series A in 2019, also participated in the round along with Revant Bhate, FinAdvantage, Indigo Edge -exclusive advisor to WinZO, and Co-founder Paavan Nanda and Saumya Singh Rathore.
The company intends to use the funds to to strengthen its content pipeline.
Launched in early 2018, WinZO is a vernacular gaming platform which partners with third party game studios to host their games on their Android app, creating a Netflix-like experience for users. The platform is available in 12 languages with over 25+ million registered users. Clocking over 1 billion micro-transactions per month, WinZO offers 70+ games across various multiplayer formats. This vernacular social gaming platform focuses on building a community of gamers and game influencers in Tier 2 – Tier 5 cities of India.
The company boasts a team of 40 members.
FinSMEs
14/09/2020