Gaming platform Zupee secures $30 Mn at over $500 Mn valuation

Gaming platform Zupee has raised $30 million at a pre-money valuation of $500 million in a Series B funding round.

This round of funding has been co-led by Silicon Valley based WestCap Group and Tomales Bay Capital, with participation from Matrix Partners India.

This new round of funding will be used to enable scaling efforts through expanded product portfolio, deepening market reach and hiring global talent.

Founded in 2018 by graduates from IIT Kanpur, 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.

"Games inherently celebrate the journey and nurture self-expression. That's what I am committed to build with Zupee - an organization which enables people anywhere in the world to enhance their intrinsic happiness through games. We innovate to ensure our games provide an intersection between skill and entertainment, enabling our users to earn while they play. We thank our investors for believing in our purpose and enabling us to progress on our journey to transforming it to reality. Our journey has just begun; 10 million happy users in India, billions more globally we want to touch through our innovative games," said Dilsher Singh, founder and chief executive officer, Zupee.

The company is able to attract the investment by bringing innovations to the gaming formats with multiple popular board games. The flagship gaming app hosts live trivia quiz tournaments and has seen over 250 million game plays.