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The Silicon Review Asia

Skill-based Gaming Industry Innovator Zupee Secures $30M in Funding

Skill-based Gaming Industry Innovator Zupee Secures $30M in Funding

New Delhi-based online skill-based gaming industry leader Zupee has secured $30 million in its Series B round of funding. The round was co-led by WestCap Group and Tomales Bay Capital. Matrix Partners India and Orios Venture Partners also participated in the round. The Indian company’s pre-money valuation is at $500 million.

The latest round of funding comes six months after the Series A round. The company was then valued at $100 million. With the latest funding round, its valuation has increased by a massive five times.

The fresh funding will help Zupee scale through by expanding its product portfolio, which will help it increase its market reach and hire global talent.

“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  CEO of Zupee, in a statement.

The company has so far raised $49 million and has the backing of WestCap Group, Matrix Partners India, Smile Group and Orios Partners.

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