WinZO, a Vernacular and social gaming platform, announced a 5 million USD developer fund to empower India’s game developer ecosystem. The fund’s establishment emerged after the startup announced the Series B fundraising of 18 million USD.
The investment was led by the popular investors, including Singapore-based Makers Fund, Courtside Venture of New York, and the co-Chairman of Bain Capital, Steve Pagliuca. Steve is also one of the investors of Epic games.
Previously, WinZO announced the First funding of 1.5 million USD in July 2019. The startup also said that it received 250+ applications from all smaller and larger developers and deployed the capital for nine teams.
Further, all the projects onboarded on the platform of WinZO. These games came out from multiple genres, including arcade games, casual games, board games, battle royales, etc.
Earlier with the ban of popular Chinese apps and the pandemic’s rise, WinZO said that it increases the allocation amount to 5 million USD to have a strong impact and boost the gaming market locally.
Official Statements
It stated: “This move is in line with Prime Minister’s Atmanirbharta mission where in the company is scouting to fund projects in interactive entertainment space. Applications are open till December 31, 2020.”
The co-founder of WinZO Games, Paavan Nanda, said,
We are not just focusing on gaming projects but also equally keen to evaluate game ops, streaming, esports, etc. related proposals. We also ensure a sustainable revenue stream by providing a ready-made market for the selected projects by introducing them to our 25 million+ registered user base.
Paavan Nanda
Presently, the users of WinZO get access to more than 70 skill-based games on the android version. These games are available in 12 different regional languages of India. Furthermore, WinZO aims to board more than 500 newer and more exciting games for the users and bring in the best entertainment for mobile users.
