Vernacular gaming platform WinZO has announced that it has raised $65 million in Series C round led by Griffin Gaming Partners. With the latest funding round, Co-Founder of Griffin Gaming Partners – Phil Sanderson will join the board of directors of WinZO.
Speaking on the development, Co-Founder of Griffin Gaming Partners and Managing Director and Head of Gaming at LionTree – Nick Tuosto 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.”
Nick added, “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.”
“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,” commented Paavan Nanda, co-founder of WinZO.
Arya has been a part of the Content & Research Team at Hrnxt.com. She is a keen observer of economic developments, emerging businesses, people in business and keeps a tab on latest happenings in the business environment.