Zupee has raised USD 8 million in series A Round

Founded by 2 IIT Kanpur graduates, Zupee runs live quiz tournaments on its app, within which users contend with every others for prizes. The Zupee app’s 2,000+ live quiz tournaments run each day, covering 100+ topics love Sports, Maths, Spelling, films and Hinglis.

Online skill-based play app Zupee on Wednesday same it’s raised $8 million in its Series A funding spherical crystal rectifier by Matrix Partners India. alternative capitalists are Falcon Edge Capital, WestCap cluster and Orios Venture Partners additionally participated within the round.

Existing investor Smile cluster also pooled in the capital. Zupee same during a statement. that the corporate can use the contemporary capital to speculate in technology, team and marketing.

The net play market is growing at 40% annually and is anticipated to touch $14 billion in India by 2025 Last year, Zupee had raised $1 million in seed funding from Smile Group, that incubated the startup accessible in each English and Hindi, the Zupee app had over five million downloads as of one April, 2020.