Online gaming platform WinZO has announced a $5 Mn fund for the Indian Game Developer ecosystem.Last year, the company had announced Fund I of $1.5 Mn. It also claims to have received more than 250 applications from large and small developers and ended up deploying the capital across 9 teams, the company said in a statement.
WinZO offers skill-based games such as carrom, cricket, 8-ball pool, Sniper 3D, Bubble Shooter, Fruit Samurai, Knife Up, fantasy leagues, and trivia-based games, with monetary benefits and is available in 10 languages. These games are acquired from developers and studios from across the world and published by WinZO.
Paavan Nanda, Co-founder, WinZO Games, said, “There is 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. We are not just focusing on Gaming projects but also equally keen to evaluate Game Ops, Streaming, Esports, etc related proposals. We also ensure a sustainable revenue stream by providing a ready-made market for the selected projects by introducing them to our 25 million+ registered user base.”