Zupee Raises $30 Million In Funding Led By WestCap Group, Tomales Bay Capital

Talent-based on-line gaming platform Zupee has raised $30 million in its Series B spherical, led by Silicon Valley-based WestCap Group and Tomales Bay Capital.


Current buyers Orios Venture Partners and Matrix Companions India additionally participated within the spherical.


Following the funding spherical, Zupee’s valuation has bounce 5x to $500 million from its earlier spherical earlier within the yr when it 
raised $100 million led by US-based growth equity firm WestCap Group and present investor Matrix Companions India.


Zupee has up to now raised $49 million, together with the present spherical.


Based in 2018 by Dilsher Singh Malhi and Siddhant Saurabh, Zupee is a mobile-based app for each Apple’s cell working system iOS and Google’s Android, permitting customers to play quiz tournaments throughout a variety of subjects. It's anticipated so as to add web-based functions quickly together with 7-8 extra video games.


The contemporary funds can be utilised to increase its portfolio and deepen person attain. A part of the funds may also be used for strategic acquisitions.

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“Our person and income development has been phenomenal, with very sturdy unit economics and margins,” Malhi advised ET.

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