Zupee, a skill-based gaming app that enables its users to play against each-other live, has raised $10 million in a fresh funding round led by existing backer WestCap Group, a US-based growth equity firm that invests in asset-light and tech-enabled marketplace solutions.
Matrix Partners India, another existing investor, also took part in the round, the startup said in a statement.
The startup will utilise fresh funding to scale up operations, expand market reach, and focus on enhancing user experience and penetration.
Founded in 2018 by Dilsher Singh Malhi and Siddhant Saurabh, Zupee claims its platform lets users play real-money-based live quiz tournaments covering a broad range of topics.
“Zupee provides fun and fair competition that connects people in a meaningful way and its industry-leading growth is a testament to the team’s vision,” WestCap Group’s Dan Fischer said.
Earlier in 2020, Zupee raised $8 million in a Series A funding round led by Matrix Partners. Other participants in that round included Falcon Edge Capital, WestCap and Orios Venture Partners.
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