WinZo Raises Rs. 117 Crore From a Range of Investors

WinZo has raised Rs. 117 Crores (approx. US$15.5 million) in a new round of funding, according to an exclusive report at Inc42.

Filings with the Ministry of Corporate Affairs (MCA) show the online gaming company is issuing 6,18,660 Series B Cumulative Convertible Preference Shares (CCPS) at a face value of Rs. 20 per share.

In addition, premium shares worth Rs. 1,884.49 are also being issued. Both share options are being taken up by a range of domestic and international investors, including Kalaari Capital Partners - who have a long history of funding gaming start-ups - and IndigoEdge Management Consultancy.

Last year, Kalaari Capital, with messaging platform Hike, was one of the lead investors in WinZO's Series A funding round worth US$5 million.

WinZo is a social real money gaming platform offering skill-based games like cricket, pool, shooter games, fantasy leagues, trivia games, and more. Available in at least 10 languages, WinZo has deals with developers and studios across the world.

In May, WinZo partnered with Rein Games and Deftouch to reach 20 million Indian users.