Cashgrail Pvt Ltd, which operates skill-based mobile gaming platform Zupee, has raised $10 million in a funding round led by US-based growth equity firm WestCap Group. Existing investor Matrix Partners India also took part in the round.
With the latest round, Zupee has raised a total of $19 million in funding so far.
Zupee plans to use the funding proceeds to expand market reach, scale its platform, enhance user penetration and experience, and strengthen its team.
Founded by IIT Kanpur graduates Dilsher Singh Malhi and Siddhant Saurabh in 2018, Zupee runs live quiz tournaments on its app where users compete with friends and other players for prizes.
INDIA DEAL MONITOR
Here are prominent venture capital transactions in India from January 10-12, 2021.
|Startup||Headquarter||Investment Size (USD)||Investment Stage||Lead Investor(s)||Other Investor(s)||Industry||Verticals|
|Zupee||Gurugram||10 million||-||WestCap Group||Matrix Partners India||Travel & Leisure||eSports|
|Bizongo||Mumbai||9.3 million||Series C||-||Accel, International Finance Corporation, IDG Ventures, Chiratae, Schroeder Adveq, CDC Group||Packaging||E-commerce|
|Nao Spirits & Beverages||Goa||2 million||Series A||-||-||Food||-|
|Biconomy||Singapore||1.5 million||Seed||Eden Block||Fenbushi Capital, Binance, DACM, Outlier Ventures, Zee Prime Capital, Woodstock Capital, MiH Ventures, Meher Roy, James Simpson, Marwan Alzarouni||Software||Blockchain|
|Monrow||Bengaluru||-||-||Venture Catalysts||Blume Venture , LetsVenture, Angel List||Retail||E-commerce|
|VComply||California||6 million||Series A||Counterpart Ventures, Accel||-||Software||-|
|Karkhana.io||Mumbai||1.5 million||Seed||Vertex Ventures Southeast Asia & India||-||Industrial Machinery||3D Printing|
|PurpleTutor||Mumbai||300,000||Seed||IvyCap Ventures||Krishna Kumar||Education/Training||EdTech|
|Siply||Bengaluru||1 million||Seed||Inflection Point Ventures||-||Financial Services||Fintech|
|True Elements||Pune||1.3 million||-||Maharashtra State Social Venture Fund (MSSVF)||-||Food||E-commerce|
|Samunnati||Chennai||12 million||Debt||FMO, Triodos Fair Share Fund, Triodos Microfinance Funds||-||Financial Services||Fintech|
|SSA Finserv||Mumbai||3 million||Equity||Blue Ashva Sampada Fund||-||Financial Services||Fintech Lending|
|TresMoto||Bengaluru||-||Seed||Raaj Kumar||-||Automobiles Other Vehicles & Parts||Electric/Hybrid Vehicles|
|La Renon||Ahemdabad||30 million||Equity||A91 Partners||-||Pharmaceuticals||HealthTech|