Zupee Raises $10 Mn from WestCap Group to Widen Reach

Haryana-based gaming company Zupee raises $10 Mn from US-based growth equity firm WestCap Group and existing investor Matrix Partners India to expand its market reach, enhance its experience, and increase its real money gaming platform’s reach.

Last year, $1 Mn in its seed round from Smile Group.

Zupee was founded in 2018 by two IIT-K alumni, Dilsher Singh Malhi, now CEO of Zupee, and Siddhant Saurabh. The platform hosts live quizzes, where s can compete for real cash prizes.

“This fresh round of funding enables us to double down on our scaling efforts. We remain committed to delivering a fantastic experience for our rapidly expanding community. Bringing joy and making each moment count is what truly propels us forward in doing our bit towards bringing the next Billion online- solving for connectivity, local language content, culture and keeping the internet a place for productive engagement”, said Singh.

Zupee claims that its base nearly doubled since its last funding round in April 2020. It claims over 5 million app s and 10 million games played every month. They have hosted over 2000 live quiz tournaments and disbursed INR 100 crore cash prizes to over 500,000 players, as per a report in Inc42.