On Monday, skill-based and well-known gaming platform Zupee raised around $10 million from WestCap Group which is a leading US growth equity firm. Current investor Matrix Partners India also participated in the round. This fresh fund will help in scaling up ventures, enriching market reach, and increasing user penetration for Zupee’s platform. The company focuses on delivering an exceptional and highly rewarding user experience.
Well, this the second round of funding which is successfully secured by Zupee in the last 12months with $8 raised in April 2020.
Dilsher Singh, founder, and CEO of Zupee said, “We have driven an exponential month-on-month growth this year. This fresh round of funding enables us to double down on our scaling efforts. We remain committed to delivering a fantastic user experience for our rapidly expanding user community.” He also added, “Bringing joy and making each moment count is what truly propels us forward in doing our bit towards bringing the next Billion online – solving for connectivity, local language content, culture, and keeping the internet a place for productive engagement.”
In 2018, Zupee founder IIT Kanpur graduates Dilsher Singh Malhi and Siddhant Saurabh conducts live quiz tournaments where the user can compete with their friends and other players across the world to win prizes.
Everyday within 24hours, this Zupee app runs more than 2,000 live quiz tournaments. This quiz covers around 100 topics which range from Bollywood, Hollywood, and Sports to Hinglish, Maths, and Spelling.
Dan Fischer of WestCap commented on the investment, “Zupee is delivering a product that delights mobile users in India. The platform provides a fun and fair competition that connects people in a meaningful way and its industry-leading growth is a testament to the team’s vision. We are excited to partner with Dilsher and the entire Zupee team as they continue to rapidly scale.”