WinZO Announces .5 Million Fund to Support Game Developers
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The e-sports gaming platform WinZO has announced a $1.5 million fund to support game developers and acquire content for the platform.
“Through this fund, we are looking to partner with Gaming Studios as well as independent game developers by offering them an infrastructure to develop top quality content and a powerful platform to monetize their games from day one. A sector gets disrupted when the best brains of the world work actively towards unlocking its potential. Through this initiative, we look forward to interacting with highly enthusiastic and top-notch talent, keen at creating a dent in the global gaming ecosystem,” Paavan Nanda, Co-founder, WinZO said.
WinZO, which is backed by Kaalari Capital, offers more than 25 games on its app-based platform in ten languages. It aims to develop real-time multi-player mobile gaming experience that is social, inclusive and accessible for the first-time smartphone users in Tier 2 and Tier 3 markets.
WinZO would use the funds, set aside to develop localised content for the platform in partnership with cherry-picked game developers in India and around the world.
“WinZO’s social multi-player skill gaming platform clocked 100 million gaming minutes every day and has been able to successfully monetize this engagement. The company is growing 50 per cent month on month. On one hand, large OTTs platforms are struggling to monetize in India, but WinZO is facilitating the first-ever M&E transactions from the tier 2 or tier 3 audiences,” Paavan Nanda added.
Source: Latest News on European Gaming Media Network
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