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Kavin Mittal-backed Hike has exited WinZO, a vernacular social gaming platform, for $12 million. This comes even as Hike has launched its own gaming platform called Rush.
Hike had earlier participated in the $5 Million Series-A funding in WinZO back in 2019 and has received 4X returns within 18 months.
WinZO has raised an additional $13 million capital from its existing investors- Stephan Pagliuca, Makers Fund, and Courtside Venture. These investors had led the $18 million Series B to fundraise for WinZO in September 2020, taking the total tally for the three-year-old startup to $38 million.
This year, Hike had announced shutting down its primary messaging business and launched a gaming app, Rush, similar to WinZO.
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