Info-tech

Gaming platform WinZO announces $5 million Series A round

Our Bureau Mumbai | Updated on July 22, 2019 Published on July 22, 2019

Mobile gaming platform WinZo, which claims to be India’s largest vernacular e-sports platform, said on Monday that it raised $5 million in Series A funding from Kalaari Capital and Hike earlier this year.

WinZo was co-founded by Paavan Nanda and Saumya Singh Rathore. Nanda was also Co-founder of hospitality companies ZO Rooms and Zostel. Rathore has worked with ZO Rooms.

“WinZO’s social multi-player skill gaming platform is a one-stop entertainment destination for Bharat. We have been receiving phenomenal traction, and are very excited to emerge as India’s most loved household brand for the next 100 million users,” said Nanda in a statement.

WinZo claims to have over seven million registered users across Tier-2 to Tier-5 cities in India. It offers over 30 games across multiple formats, such as Carrom, Cricket, 8 Ball Pool, Sniper 3D, Bubble Shooter, Fruit Samurai and Knife Up. Users can stand to win prizes in the form of “monetary benefits” by gaming on this platform.

“WinZO’s team has achieved a strong product market fit and is all set to disrupt the vernacular entertainment space. We led company’s seed round early last year, and are highly impressed with the team’s growth trajectory and strong execution,” said Rahul Garg, Principal, Kalaari Capital. Kalaari has also invested in Dream11, a fantasy sports platform.

 

Published on July 22, 2019
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