Each funds are making their first-ever funding in India by WinZO within the sequence B funding spherical, an announcement stated.
Kalaari Capital, which first invested in WinZO in 2018 and led the corporate’s sequence A in 2019, additionally participated within the spherical, together with Revant Bhate (Mosaic Wellness co-founder), FinAdvantage, Indigo Edge, and co-founders Paavan Nanda and Saumya Singh Rathore.
The corporate has raised over USD 23 million in funding until date.
“WinZO plans to strengthen its content material pipeline, captivate mobile-first shoppers and their gaming wants, and grow to be the go-to gaming app in India. The corporate’s income has grown 1,500 per cent and purchased 20 million customers within the final 12 months,” the assertion stated.
WinZO has achieved this on the again of their dense community of vernacular micro influencers and over 30 associate sport builders by which it strives to grow to be the go-to gaming platform for ‘Bharat’, it added.
“With sequence B funding, we’re thrilled and humbled to welcome like-minded enterprise companions into our WinZO household. Together with their community, help and contemporary financing, we’re assured we will propel WinZO even additional as a enterprise and grow to be an much more lovable product for our clients. It is time to put all of the learnings and experiences of the previous towards constructing one thing enormous,” WinZO co-founder Paavan Nanda stated.