Zupee raises $30 million at pre-money valuation of $500 million

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Zupee, India’s leading innovator in the online skill-based gaming industry, has raised $30 million at a pre-money valuation of $500 million in a Series B funding round. This round came after 6 months of the Series A round valued at $100 million.

WestCap Group and Tomales Bay Capital, Silicon Valley-based companies, co-led Series B of the funding round. This round will leverage scaling efforts, deepened market reach, and global talent hiring.

Dilsher Singh, Founder, and CEO of Zupee, said, “Games inherently celebrate the journey and nurture self-expression. That’s what I am committed to building with Zupee – an organization which enables people anywhere in the world to enhance their intrinsic happiness through games.”

He further stressed, “We innovate to ensure our games provide an intersection between skill and entertainment, enabling our users to earn while they play. Our journey has just begun; 10 million happy users in India, billions more globally we want to touch through our innovative games.”

Dilsher Singh and Siddhant Saurabh, IIT-Kanpur-based graduates, founded Zupee with funding from Smile Group in 2018. Zupee works by reengineering time-tested games as the company proudly sports its innovative gaming versions of popular board games.

Apart from this, the gaming app also hosts live trivia quiz tournaments with over 250 million gameplays. Zupee’s fund valuation stands at $49 million with backing from investors such as WestCap Group, Matrix Partners, Smile Group, and Orios Partners.

With a user base of 10 million, the Zupee games are an embodiment of engagement, excitement, and empowerment.

Laurence A. Tosi, Founder and Managing Partner of WestCap, said, “This funding will enable the Zupee team to invest further in innovation, expand its suite of games and aggressively pursue international expansion. As a result, Zupee has exponentially accelerated its growth over the last 12 months, making them one of the largest and fastest-growing game companies globally.”