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WinZo Has Raised $18m In Series B Round

LATER VENTURE | ANNOUNCEMENT DATE : 03 SEP 2020
WRITTEN BY | 03 Sep 2020
WinZo Has Raised $18m In Series B Round
LATER VENTURE

💵 Later Stage VC

  • New Delhi-based mobile social gaming platform WinZo has raised $18m in a Series B round led by Makers Fund and Courtside Ventures, with participation from Kalaari Capital

    • WinZo’s exclusive advisor Revant Bhate and co-founders Paavan Nanda and Saumya Singh Rathore have also participated in the round

  • The money raised will go towards increasing content pipeline and strengthening its position on the mobile market

💵 Previous Rounds

  • In July 2019, Winzo raised $5m in a Series A round led by Kalaari Capital and Hike

🎲 Products

  • WinZo is a real money gaming platform that hosts games of third-party developers on its Android app

  • Currently, Winzo supports 12 languages and has over 70 multiplayer games made by 30 developers

  • The company also has 25 million of registered users, who spend an average of 45 minutes on the platform per day and make over 1 billion micro-transactions per month. It is worth noting that 80% of WInZo’s user base has come in the last 12 months

 

SOURCES: NEWONNEWS

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WinZo
  • Established in 2016

  • Headquarters — New Delhi, India

  • Founded by Paavan Nanda and Saumya Singh Rathore

  • Real money mobile gaming platform