Gaming Startup Zupee Wins $72 million Funding

Online real-money gaming platform Zupee has raised $72 million from Mumbai-based Nepean Capital.

With the fresh fund infusion, Zupee has closed its latest funding round totalling $102 million, valuing the company at $600 million. Some of its existing investors include Orios Venture Partners and Matrix Partners India.

The company also announced a partnership with Reliance Jio Platforms, under which Zupee will distribute its content to users of Jio phones. Zupee is seeking to capture the non-metro market with Reliance low priced 4G and 5G Handsets. The partnership is on a revenue-sharing basis according to the cofounder Dilsher Singh Malhi.

Founded in 2018 by Malhi and Siddhant Saurabh, Zupee’s offerings include Zupee Gold, Ludo Supreme Gold and Ludo Ninja Gold games for both Apple’s iOS mobile operating system and Google’s Android. Users also have an option to play games on the web browser.

More stories

Share article

spot_img

Latest articles