WinZo Raises Rs. 117 Crore From a Range of Investors

WinZo has raised Rs꧋. 117 Crores (approx. US$15.5 million) in a new round of funding, according to an .

Filings with the Ministry of Corporate Affairs (MCA) show the online gaming 🐼company is issuing 6,18,660 Series B Cumulative Convertible Preference Shares (CCPS) at a face value of Rs. 20 per share.

In addition, premium shares worth Rs. 1,884.49 are also being issued. Both share options are being taken up by a range of domestic and international investors, including Kalaari Capital Partners - who have a long history of funding gaming st🦹art-ups - and IndigoEdge Management Consultancy.

Last year, Kalaari Capital, with messaging platform Hike, was one of the lead investors in WinZO's Series A funding round worth US$5 million.

WinZo is a social real money gaming platform offering skill-based games like cricket, pool, shooter games, fantasy leagues, trivia games, and more. Available in at least 10 languages, WinZo has deals with develo🐲pers and studios across the world.

In May, WinZo partnered with Rein Games and Deftouch to reach 20 million Indian users.