Real money gaming platform WinZo secures $5 million Series A funding

Real money skill gaming platform, WinZo, which just last week announced a US$1.5 million fund to encourage local game developers, has announced that it has secured US$5 million in a Series A funding round led by Kalaari Capital and Hike Messenger.

“WinZO’s social multi-player skill gaming platform is a one-stop entertainment destination for Bharat. We have been receiving phenomenal traction, and are very excited to emerge as India’s most loved household brand for the next 100 million users,” said Paavan Nanda, the company’s CEO and co-founder in a statement.

“WinZO’s team has achieved a strong product market fit and is all set to disrupt the vernacular entertainment space. We led company’s seed round early last year, and are highly impressed with the team’s growth trajectory and strong execution,” said Rahul Garg, Principal, Kalaari Capital.

Kalaari Capital, which has also backed India’s biggest fantasy sports website Dream11, had also participated in a seed funding round of WinZo.

Founded as a trivia quiz app two years ago by Zo Rooms and Zostel co-founder Paavan Nanda and Saumya Singh Rathore two years ago, WinZo Games (earlier known as TicTok Games) offers more than 30 real money skill games including fantasy sports, space warrior, quizzes, carrom, virtual cricket, virtual basketball etc. on its app-based platform in ten languages, namely English, Hindi, Bangla, Tamil, Telugu, Kannada, Gujarati, Marathi, Punjabi, and Bhojpuri.

The company claims to have garnered more than seven million registered users till date and has set an ambitious target of crossing the 100 million registered users mark in the near future.