Total amount raised
$110.5 Millions
Latest funding date
Location
WinZO has successfully raised funds through multiple rounds, including a Series C round, attracting notable investors like Griffin Gaming Partners and Courtside Ventures. The platform offers a diverse range of over 100 games, providing monetary benefits and prizes to its users.
Keep reading to explore the intricacies of WinZO's fundraising journey and the investors backing this innovative platform.
What Is WinZO?
WinZO, founded on April 1, 2018, is a mobile e-sports social gaming platform based in New Delhi, India. The company was established by Paavan Nanda and Saumya Singh Rathore.
WinZO offers a diverse range of over 100 games, providing monetary benefits and prizes to its users. The platform supports multiple regional languages, ensuring a broad reach across different demographics.
With a team of 101-250 employees, WinZO continues to innovate in the gaming industry, attracting significant investment and a growing user base.
How Much Funding Has WinZO Raised?
- Series A
- Amount Raised: $5M
- Date: February 2019
- Lead Investors: Hike, Kalaari Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the platform's game offerings and enhance user engagement.
- Seed Round
- Amount Raised: Not publicly disclosed
- Date: August 2020
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support early-stage development and market entry.
- Series B
- Amount Raised: $18M
- Date: September 2020
- Lead Investors: Courtside Ventures, Makers Fund
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and increase market penetration.
- Debt Financing
- Amount Raised: $9.5M
- Date: April 2021
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To manage cash flow and support ongoing projects.
- Series B
- Amount Raised: $13M
- Date: May 2021
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further expand the platform and enhance technological infrastructure.
- Series C
- Amount Raised: $65M
- Date: July 2021
- Lead Investors: Griffin Gaming Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate growth and enhance product offerings.
Total Amount Raised: $110.5M. Current Valuation: Not publicly disclosed.
Key Investors
- Griffin Gaming Partners
- Details: Griffin Gaming Partners is a California-based investment firm specializing in the gaming industry. This is their first investment in India, specifically in WinZO.
- Investment Focus Areas: Gaming, interactive entertainment, eSports.
- Notable Investments: Not publicly disclosed.
- Courtside Ventures
- Details: Courtside Ventures is a venture capital firm that invests in early-stage companies. They focus on sports, media, and gaming sectors.
- Investment Focus Areas: Sports, media, gaming.
- Notable Investments: Not publicly disclosed.
- Makers Fund
- Details: Makers Fund is a venture capital firm that invests in interactive entertainment. They have previously invested in WinZO during its Series B round.
- Investment Focus Areas: Interactive entertainment, gaming, technology.
- Notable Investments: Not publicly disclosed.
- Steve Pagliuca
- Details: Steve Pagliuca is the Co-Chairman of Bain Capital. He has invested in WinZO during its Series B round.
- Investment Focus Areas: Various sectors through Bain Capital, including technology and media.
- Notable Investments: Not publicly disclosed.
- Hike
- Details: Hike is an Indian social and technology company known for its messaging app. They led WinZO's Series A round.
- Investment Focus Areas: Social media, technology, digital entertainment.
- Notable Investments: Not publicly disclosed.
What's Next for WinZO?
WinZO stands at the cusp of significant growth opportunities, driven by the expanding Indian mobile gaming market. With over 50 million registered users and 2.5 billion micro-transactions per month, the platform is poised to leverage its multilingual offerings to capture a larger market share. The recent $65 million Series C funding led by Griffin Gaming Partners will enable WinZO to enhance its product offerings and user experience, positioning it as a leading "Made in India" product on a global scale.
Future fundraising opportunities appear promising, given the strong investor confidence and rapid growth trajectory. The involvement of high-profile investors like Griffin Gaming Partners and Bain Capital suggests that WinZO could attract further investments to scale operations and explore strategic acquisitions. However, the company must navigate challenges such as intense competition, regulatory hurdles, and maintaining user engagement in a dynamic market.
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