WinZO Games Joins with Kalaari to Launch Gaming Lab

The Gaming Lab would invest up to $1 million in each of the investee startups in India, across all sorts of interactive apps.

Home ยป WinZO Games Joins with Kalaari to Launch Gaming Lab

According to the Deccan Herald, social gaming platform WinZO announced on Monday that it has teamed with Kalaari Capital; to launch an investment project Gaming Lab to stimulate and support the gaming ecosystem in the country. The Gaming Lab would invest up to $1 million in each of the investee startups in India, across all sorts of interactive apps.

Kalaari was an early backer of WinZo, participating in the Series A investment round alongside Hike. Hike will leave the company in May 2021. The social gaming site and its founders recently filed a writ case questioning the constitutionality of the decades-old Odisha Gambling Act, 1955. Paavan Nanda, the co-founder, is one of the petitioners opposing the latest gaming ban law in the Karnataka High Court.

The Gaming Lab to be launched during GameCon 2021 in November

The Gaming Lab concept will be unveiled this month at GameCon 2021. According to a corporate release, the partnership with WinZO would assist gaming studios and organisations become more culturally relevant for Bharat. This project is distinct from WinZo’s $20 million investment for the Indian gaming developer ecosystem.

According to a corporate release, the social gaming company will also coach the investee gaming companies who are trying to revolutionise the gaming ecosystem through video streaming, game tech, and innovations. The selected companies will receive assistance in driving effective monetization and growth; as well as benefiting from WinZO’s technical knowledge, according to the announcement.

Rathore went on to say that when these competencies are merged; the organisations will be able to provide the necessary support in the form of cash, guidance, and strategic assistance; to promote this socioeconomically essential ecosystem. WinZO raised $65 million in a Series C fundraising round led by California-based Griffin Gaming Partners in July 2021; bringing the company’s total capital raised to $90 million.

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