WinZO declarers game developer fund of 5 million USD

Home » WinZO declarers game developer fund of 5 million USD

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.

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GamingPost.in has been setup to focus on gaming news in India, its community, and focus on legal online gaming in India. It is also established with the aim of providing more information about esports in India and various tournaments related to eSports. Gaming in India is in an exciting phase with a lot of investments and funding coming in, and new companies cropping up. We aim to cover all of these with our sections. The editorial and blog section provides our opinion on various topics, and is not representative of a bigger group. Similarly, all the news articles have been taken from public domain and have been written by our in-house authors. If you feel some of the news items are not reported correctly, do reach out to us on our email address at contact@gamingpost.in and we will take all measures in order to ensure they are corrected.