WinZO raises $65-mn in Series C round
The latest round lead to total capital raised by the company to $90-mn
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Hyderabad: WinZO, a gaming and entertainment platform, has raised $65 million in a Series C funding round, led by US-based Griffin Gaming Partners. The latest round lead to total capital raised by the company to $90 million.
The company raised fund to accelerate its growth in the Indian interactive entertainment industry. This financing follows only eight months after the company raised its Series B from existing investors - Makers Fund, Courtside Ventures, and Steve Pagliuca, Co-Chairman of Bain Capital. Griffin Gaming Partners, co-founder, Phil Sanderson will join WinZo's board of directors.
Paavan Nanda, co-founder, WinZO said: "Griffin Gaming Partners incredible experience and precious insights across the global media and entertainment landscape shall be valuable as we continue to disrupt the Indian gaming ecosystem. With this raise, we plan to grow much faster and become an even more lovable product for our consumers. The company is poised and strategically well positioned to be one of the first 'Made in India' products that will rule the world in coming years".
WinZO is available in 12 languages with over 50 million registered users. The platform facilitates over 2.5 billion micro-transactions per month across a portfolio of over 70 games. The company has grown its revenues tenfold over the last 12 months and has partnered with over 100 leading game developers through in-game integration of WinZO's social gaming framework.
