E-Gaming Startup WinZO Launches Game Developer Fund II To Invest In Indian Game Developers
New Delhi-headquartered e-gaming startup WinZO has launched its Game Developer Fund II worth $5 million (Rs 37.5 crore).
As per WinZo, it is in line with Prime Minister Narendra Modi’s Aatmanirbhar Bharat mission. And the startup aims to fund projects in interactive entertainment space built by Indian game developers. Applications for the Game Developer Fund II will be open till December 31, 2020.
With this fund, WinZo aims to boost the Indian gaming ecosystem, which saw exponential engagements amidst the COVID-19 pandemic and the recent ban on Chinese apps like PUBG, TikTok, etc.
E-Gaming Startup WinZO
Founded in 2018 by Paavan Nanda and Saumya Singh Rathore, WinZO is an Indian mobile e-Sports gaming platform. The startup is on a mission to create the Netflix of Gaming to cater to the largest, and fastest-growing segment of online entertainment i.e. Mobile Gaming.
It provides over 70 skill-based games like board games, battle royales, and arcade games on its Android app in 12 regional languages. WinZO plans to onboard over 500 games for its users.
Talking about the fund, Paavan Nanda (Co-founder of WinZO Games) said,
“We feel excited to announce the launch of Game Developer Fund II. Through this initiative, we are committed to uplift the Indian gaming ecosystem, which is at the cusp of disruption. There are infinite talent and creativity, and we would like to offer everything else that’s required for a team to create a dent in this space and create gaming products for the entertainment-starved Bharat.”
In the previous year, WinZO had announced its Fund I worth $1.5 million, where it received over 250 applications from large and small game developers.
The startup ended up disposing of the capital across nine teams, as well as onboarded more than ten games to the platform.
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