Zupee, an Indian online skill-based gaming platform, closed a $30m Series B funding at over $500M valuation.
The round was co-led by WestCap Group and Tomales Bay Capital, with participation from Matrix Partners India.
The company intends to use the funds to scale efforts through expansion of product portfolio and market reach and hiring of global talent.
Zupee is an online skill-based gaming platform startup focused on innovating and creating games that engage, entertain and empower users. The company has an existing user base of over 10 million users.
Founded in 2018 by graduates of India’s leading institution IIT Kanpur, Dilsher Singh and Siddhant Saurabh, and incubated with funding from Smile Group, Zupee has a portfolio of innovative gaming formats of multiple popular board games. The flagship gaming app hosts live trivia quiz tournaments and has seen over 250 million gameplays.