Cricket, 8 Ball Pool, Sniper 3D gaming platform WinZo raises $5 mn from Hike, Kalaari Capital
WinZO, an e-sports platform in India has raised $5 million in Series A funding led by Hike and Kalaari Capital. On a single platform like WinZo, the users can play all popular games such as Carrom, Cricket, 8 Ball Pool, Sniper 3D, Bubble Shooter, Fruit Samurai, Knife Up, Fantasy League, and Trivia based questions.
WinZO, an e-sports platform in India has raised $5 million in Series A funding led by Hike and Kalaari Capital. WinZO is a gaming platform with monetary benefits and is available in 10 languages. It gives users an opportunity to win real money for playing and winning these Games of Skill. The platform offers nearly 30+ games across multiple formats viz Tournament, Versus Mode and Table Format.
Kavin Bharti Mittal, Founder & CEO, Hike said, “Gaming to us has always been a new, bite-sized source of entertainment for the masses. As we unbundle Hike, we think of our investment in WinZO and its stellar team as a strong bet in the segment. WinZO’s deep understanding of the market has enabled them to build a unique product in this space and we’re excited to partner with them in their next phase of growth.''
WinZO has a base of more than 7 million registered users across tier 2/3/4/5 cities. Average users are currently spending more than 55 minutes inside the app every day and with strong signs of stickiness, the top 20% of the users are already spending 60% of their smartphone usage time on the platform. WinZO currently accounts for 38% of their monthly entertainment budget, popular games on the platform include Carrom, Cricket, Pocket Tank, Fruit Samurai, etc.
“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 100MM users,” added Paavan Nanda, Co-Founder, WinZO.
On a single platform like WinZo, the users can play all popular games such as Carrom, Cricket, 8 Ball Pool, Sniper 3D, Bubble Shooter, Fruit Samurai, Knife Up, Fantasy League, and Trivia based questions. These games are acquired from developers and studios from across the world. WinZO is designed to solve for a stable monetization in the Indian Gaming ecosystem, which experiences one of the highest engagements globally with 300 million internet users spending 45 minutes daily playing games on their smartphones.
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