Zupee Raises $10 Mn from WestCap Group to Widen Reach

Haryana-based gaming company Zupee raises $10 Mn from US-based growth equity firm WestCap Group and existing investor Matrix Partners India to expand its market reach, enhance its user experience, and increase its real money gaming platform’s reach.

Last year, Zupee raised $8 Mn from Matrix Partners, Falcon Edge Capital, WestCap Group, Orios Venture Partners, and more. It raised $1 Mn in its seed round from Smile Group.

Zupee was founded in 2018 by two IIT-K alumni, Dilsher Singh Malhi, now CEO of Zupee, and Siddhant Saurabh. The platform hosts live quizzes, where users can compete for real cash prizes.

“This fresh round of funding enables us to double down on our scaling efforts. We remain committed to delivering a fantastic user experience for our rapidly expanding user community. Bringing joy and making each moment count is what truly propels us forward in doing our bit towards bringing the next Billion online- solving for connectivity, local language content, culture and keeping the internet a place for productive engagement”, said Singh.

Zupee claims that its user base nearly doubled since its last funding round in April 2020. It claims over 5 million app downloads and 10 million games played every month. They have hosted over 2000 live quiz tournaments and disbursed INR 100 crore cash prizes to over 500,000 players, as per a report in Inc42.