Delhi Based WinZO Raises Funding $65M Round Led By Griffin Gaming Partners
- ByStartupStory | July 2, 2021
Vernacular gaming platform WinZO raises funding $65M in a Series C round, led by California-based Griffin Gaming Partners. Phil Sanderson, Co-Founder of Griffin Gaming Partners, will join WinZO’s board of directors. The compay will use the funding to accelerate growth in the Indian Interactive Entertainment Industry.Nick Tuosto, Co-Founder, of Griffin Gaming Partners and Managing Director and Head of Gaming at LionTree said, “We are excited to make Griffin Gaming Partners’ first investment in India backing WinZO, the company behind the largest social gaming app in the country. The company is led by best-in-class management with an extraordinary product vision. We saw in WinZO’s games incredible retention and monetisation metrics we believe set the company up for continued explosive growth and are proud to support the team on the journey.”
As per the claims its revenue has grown tenfold over the last 12 months, and it has partnered with over 100 leading game developers. Paavan Nanda, co-founder, WinZO said regarding WinZO raises funding, “We are super excited to partner with the Griffin team. Their incredible experience and precious insights across the global media and entertainment landscape shall be valuable as we continue to disrupt the Indian gaming ecosystem. With this raise, we plan to grow much faster and become an even more lovable product for our consumers. WinZO is poised and strategically well positioned to be one of the first ‘Made in India’ products that will rule the world in coming years.”
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