Winzo to invest $50m in global gaming ecosystem

The firm has already invested in blockchain and web3 start-ups to tap into India’s gaming community.

Indian social gaming platform Winzo has announced a $50m fund to invest in the global gaming ecosystem.

The new fund will be launched as part of the company’s flagship game developer fund with the view to deploy $10m in US-based gaming start-ups.

The fund will be used to back a portfolio of projects supporting games publishers and developers, interactive entertainment, content creation, security and live-ops.

Offering a social gaming platform in India, Winzo provides free-to-play mobile games across multiple genres, including mid-core multiplayer casual games, action, sports and others.

However, having previously invested in the seed and growth stages of Upskillz, IndiGG, Bombay Play, Village Studio, and blockchain creator economy and streaming start-up Glip, the company’s focus has shifted to web3 gaming and blockchain-based technologies.

Winzo co-founder Paavan Nanda believes the firm’s portfolio of more than 100 games from 50 developers acts as a key advantage in helping “identify signs, mechanics and metrics” early in advance.

“In addition, being operators ourselves, we tend to create a melting pot for our portfolio companies for them to exchange ideas, do pilots or leverage Winzo’s community and resources”, he said.

Looking for your next crypto casino? Check out Mega Dice or FortuneJack!

Written by Isabella Aslam

Reporter

Isabella is an experienced writer in B2B and B2C journalism. Alongside crypto, Isabella writes and discusses the topics of relationships and psychology. Isabella holds a first-class degree in music journalism and often interviews electronic artists and DJs.