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Gamezop Has Raised $4.3m In Series A Round Led By BITKRAFT Ventures

EARLY VENTURE | ANNOUNCEMENT DATE: 27 AUG 2020
WRITTEN BY | 28 Aug 2020
Gamezop Has Raised $4.3m In Series A Round Led By BITKRAFT Ventures
EARLY VENTURE

💵 Early Stage VC

  • India-based browser games platform Gamezop has raised $4.3m in a Series A funding round led by BITKRAFT Ventures with participation from Velo Partners and FJ Labs

  • The funding will go towards the platform’s product expansion into esport games, as well as territorial expansion from India to Southeast Asia and Latin America

  • The deal has been disclosed together with the recent announcement of BITKRAFT’s $165m VC fund closing

💵 Previous Round

  • In February 2016, Gamezop has secured a $350k in a seed funding round led by KWAN Entertainment & Marketing Solutions Pvt with participation from Powerhouse Ventures, Vinay Menon, Morgan India, Tracxn and AECAL

🎲 Products

  • Gamezop specializes in licensing HTML5 browser games and porting them on various digital platforms such as Myntra, Grofers, ShareChat, MX Player, Glance (InMobi), and PhonePe, allowing app users to play casually or for real cash

  • Currently, the platform has over 34 million monthly active users, 270 games, and over 1600 partner apps with the potential to see its revenue grow 5 to 6 times over the next 12 months

  • Gamezop’s target is to reach top 5000 apps by 2021 — the team is already exploring various other formats of F2P and real-money gaming

  • “97% of Indian smartphone users have at least two Gamezop integrated apps on their phones“, BITKRAFT Founding partner Malta Barth

 

SOURCES: YOURSTORY, DEALSTREETASIA, THEHINDUBUSINESSLINE

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Gamezop
  • Established in 2015, achieving profitability in 2017

  • Headquarters — Delhi, India

  • Founded by Gaurav Agarwal and Yashash Agarwal

  • Multi-gaming platform with HTML5 games integrating capability