Skill-based Gaming startup Zupee Raises $30M, Round Co-led By Silicon Valley-based WestCap Group And Tomales Bay Capital
- BySheetal Sidhu | August 18, 2021
Skill-based gaming startup on Tuesday said it raised $30 million at a pre-money valuation of $500 million. The Series B funding round was co-led by Silicon Valley-based WestCap Group and Tomales Bay Capital, with participation from Matrix Partners India and Orios Venture Partners. According to an official statement, Zupee will use the funds to enable scaling efforts through an expanded product portfolio, deepening market reach, and hiring global talent. So far, Zupee has raised $49 million in total funding. The startup has an existing user base of over 10 million users. Founded in 2018 by IIT Kanpur graduates, Dilsher Singh and Siddhant Saurabh, and incubated with funding from Smile Group, Zupee innovates by reengineering time-tested games and enabling them to enhance skill, joy, and hope.
Dilsher Singh, Founder and CEO, Zupee, said, “Games inherently celebrate the journey and nurture self-expression. That’s what I am committed to building with Zupee — an organisation that enables people anywhere in the world to enhance their intrinsic happiness through games.” WestCap, and early investor in Zupee, said, “WestCap remains a key strategic investor and operating advisor to Zupee, and we are increasing our interest again as part of this most recent funding round. Dilsher and his world-class team have innovated some of the most compelling and widely used mobile games of skill in India. The enduring appeal of the Zupee games brings engagement, enjoyment, and empowerment to the widest audience of any gaming platform in the market.”
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