- Zupee, a skill-based gaming business, announced a $30 million funding round with a pre-money valuation of $500 million.
- It will utilize the cash to grow its product line, increase its market reach, and hire global expertise.
- The Zupee games’ ongoing appeal offers engagement, enjoyment, and empowerment to the broadest audience of any gaming platform on the market.
- Over the previous year, Zupee has grown at an exponential rate, making it one of the world’s largest and fastest-growing gaming companies.
Zupee, a skill-based gaming business, announced a $30 million funding round on Tuesday, with a pre-money valuation of $500 million. The Series B financing round was co-led by Silicon Valley-based WestCap Group and Tomales Bay Capital, with Matrix Partners India and Orios Venture Partners also participating.
According to an official release, Zupee will utilize the cash to grow its product line, increase its market reach, and hire global expertise. Zupee has so far raised $49 million in total financing. The startup already has a user base of over 10 million people.
Zupee, founded in 2018 by IIT Kanpur grads Dilsher Singh and Siddhant Saurabh and incubated with funding from Smile Group, innovates by reengineering time-tested games to improve skill, joy, and optimism.
The portfolio of the firm includes unique gameplay formats of popular board games. The main gaming app, which has over 250 million gameplays, offers live trivia quiz contests.
Zupee’s Founder and CEO, Dilsher Singh, stated, “Games, by definition, celebrate the journey and foster self-expression. That’s what I’m working on with Zupee: a company that helps individuals all around the globe improve their intrinsic pleasure via games.”
He said, “We innovate to guarantee that our games provide a balance of ability and pleasure, allowing our gamers to make money while they play. We are grateful to our investors for believing in our mission and allowing us to go on on our path to make it a reality. Our adventure has just begun; we hope to reach 10 million happy users in India and billions more internationally through our creative games.”
What does Zupee offer?
Zupee offers excitement and pleasure around the clock, with over 200+ live tournaments running 24 hours a day, seven days a week. You can choose a topic of your choice, such as Bollywood, Hollywood, or sports, as well as Math, Spelling, Hinglish, and other subjects. Play the Q&A game and answer each question as quickly as possible to earn cash on the spot.
The better your score, the faster you are. The winning prize money pool is divided among the winners and may be withdrawn instantly using Paytm. Because thousands of participants compete at the same time, you may win hundreds and lakhs of rupees.
You may enter your favorite event and earn real money by answering easy questions. Check out the prize distribution, score, and tournament details before registering. You must begin responding as soon as possible. The faster you reply, the higher your score will be. You may also post your own queries and subjects. When your questions are accepted, you will be paid in cash.
Laurence A. Tosi, Founder and Managing Partner of WestCap Group and an early investor in Zupee, commented on the investment, saying, “WestCap is a major strategic investor and operating advisor to Zupee, and we are expanding our position again as part of this most recent funding round.” Dilsher and his world-class team have created some of India’s most intriguing and frequently utilized mobile skill games. The Zupee games’ ongoing appeal offers engagement, enjoyment, and empowerment to the broadest audience of any gaming platform on the market.
How will the funding help Zupee?
“This financing will help the Zupee team to spend even more in innovation, grow its line of games, and aggressively seek international development,” he said. Over the previous year, Zupee has grown at an exponential rate, making it one of the world’s largest and fastest-growing gaming companies.”