Winzo Raises $18M in Series B Funding Led by Makers Fund and Courtside Ventures

New Delhi, September 3: With the goal of disrupting Bharat’s vernacular entertainment, WinZO has announced its $18MM Series B investment round led by global interactive entertainment fund, Makers Fund based in Singapore, and New York based Courtside Ventures . Both funds are making their first ever investment in India through WinZO.

Revant Bhate, FinAdvantage, Indigo Edge -exclusive advisor to WinZO, and Co-founder Paavan Nanda and Saumya Singh Rathore also joined the round. 

WinZO plans to strengthen its content pipeline, captivate mobile-first consumers and their gaming needs, and become the go-to gaming app in India.The company’s revenue has grown 1500% and acquired 20MM users in the last 12 months, on the back of a strong word of mouth, product market fit with players who spend over 45 minutes daily on WinZO’s platform. WinZO  has achieved this on the back of their dense network of vernacular micro influencers and 30+ partner Game Developers through which it strives to become the go-to Gaming platform for Bharat.

Makers Fund is a global interactive entertainment focused venture capital fund based out of Singapore with over 30 investments across North America, Europe, and Asia; this is Makers' first investment in India. Regarding the investment, Michael Cheung, Partner at Makers Fund shared, “WinZO is at the heart of India’s gaming evolution, a geography we’ve been tracking for some time. Paavan and Saumya’s success through a hyper-focus on their player ecosystem is evident, and a clear asset as they accelerate their growth.”

 Paavan Nanda, one of WinZO’s co-founders said, “With Series B funding, we are thrilled and humbled to welcome like-minded business partners into our WinZO family. Along with their network, support and fresh financing, we are confident we can propel WinZO even further as a business and become an even more lovable product for our customers. It’s time to put all the learnings and experiences of the past toward building something huge!"