WinZO raises $18 Million in Series B funding round
WinZO, a vernacular social gaming platform in India has raised $18 Million in Series B funding round led by Makers Fund and Courtside Ventures.
Courtside Ventures is based in New York and Makers Fund is based in Singapore with over 30 investments across North America, Europe, and Asia. This is the first investment in India for both Courtside Ventures and Makers Fund.
Kalaari Capital was also a part of the funding round. Kalaari Capital had also invested in WinZO in its Series A funding round. WinZO is Kalaari’s second largest bet in gaming after Dream11.
“Mobile gaming is a large opportunity in India, and in a short span of time, WinZO has built a high quality vernacular gaming platform for the masses. We are really proud of their progress & their superior metrics (retention, time spent, etc.) that are a true reflection of customer experience. We are very excited to partner with Makers and Courtside in the next leg of WinZO’s journey and bring superior entertainment to the next 200M gamers.”, said Rahul Garg, Principal at Kalaari Capital.
“WinZO is at the heart of India’s gaming evolution, a geography we’ve been tracking for some time. Paavan and Saumya’s success through a hyper-focus on their player ecosystem is evident, and a clear asset as they accelerate their growth” – Michael Cheung, Partner at Makers Fund.
Revant Bhate, FinAdvantage, Indigo Edge -exclusive advisor to WinZO, and Co-founder Paavan Nanda and Saumya Singh Rathore had also joined the round.
Paavan Nanda, one of WinZO’s co-founders said, “With Series B funding, we are thrilled and humbled to welcome like-minded business partners into our WinZO family. Along with their network, support and fresh financing, we are confident we can propel WinZO even further as a business and become an even more lovable product for our customers. It’s time to put all the learnings and experiences of the past toward building something huge!”
Founded by Paavan Nanda, and Saumya Singh Rathore, WinZO is a gaming platform that offers 70+ games across various multiplayer formats and is available in 12 languages with over 25+ million registered users.
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