• WinZO

  Participated · Series B · Sep 2020

  WinZO is an Indian gaming and entertainment platform that operates a platform offering gaming and entertainment content. The company announced a $65 million Series C funding round led by California-based Griffin Gaming Partners. The Series C increases the total capital raised by WinZO to $90 million. The article notes this is Griffin Gaming Partners' first ever investment in India. The article does not disclose other participating investors, use of proceeds, revenue, user metrics, or future plans. WinZO Games operates a real-money multiplayer gaming platform offering third-party titles across Casual, Card, Action, Esports, and Battle Royale categories in 12 languages. The four-year-old company, founded by Paavan Nanda and Saumya Singh Rathore, reports over 25 million registered users and claims to process more than 1 billion micro-transactions monthly. During FY 2019-20 WinZO recorded a 7x jump in revenue from operations to Rs 26.72 crore. Expenses rose to Rs 54.06 crore in FY20 from Rs 8.87 crore the prior year, producing total losses of Rs 26.68 crore in FY20. The company has recently raised debt to address corporate financing events and to provide liquidity to an early investor. According to filings and sources, proceeds will be used to pay a proposed buyback and to offer an exit to early backer Hike following Hike’s pivot into gaming. WinZO is a vernacular gaming platform that partners with third‑party game studios to host their titles on a Netflix‑like Android app experience. The platform is available in 12 languages and offers 70+ games across various multiplayer formats. It targets a community of gamers and game influencers in Tier 2–Tier 5 cities of India. The app has 25+ million registered users and records over 1 billion micro‑transactions per month. WinZO was launched in early 2018 and maintains a team of about 40 people. The company plans to use new funding to strengthen its content pipeline. WinZO is a vernacular, social multiplayer skill-gaming platform operated by The TickTock Skill Games Pvt. Ltd that lets users play titles such as carrom, cricket, 8 Ball Pool, fantasy leagues and trivia for real-world monetary benefits. The platform currently offers over 30 games in ten languages and says it has over seven million registered users, with average daily time spent per user exceeding 55 minutes. Co‑founded by Paavan Nanda and Saumya Singh Rathore, WinZO plans to expand its content library to more than 100 games and roll out additional local languages. The company aims to reach 40 million users by March next year and to create multiple social‑gaming activities tailored to vernacular audiences. WinZO will use the new capital to acquire gaming content and to hire and strengthen its staff. Investors and founders have cited strong product‑market fit and confidence in the startup’s unique product.

No current team members are available.