WinZO Games, a social skill gaming platform with more than 100 games like Ludo, Pool, and Racing Games, said it will invest about $50 million, or Rs 415 crore, across startups. The Delhi-based gaming startup declared the fourth version of its Game Developer Fund, with the biggest-ever corpus of $50 million.

It will invest in startups across genres of gaming, content creation, live-ops, and security, the organization said in a statement. It appears as though it will invest somewhere around $10 million into U.S.- based startups.

The organization will likewise help its portfolio organizations extend and monetise in India, it said. “While the revenues of the mobile gaming industry in the U.S. declined in the first quarter of 2022, India’s gaming industry is growing at a 38% CAGR to cross $10 billion in five years,” the organization said.

“Global gaming companies have found it difficult to earn revenues in India. The monetisation issue faced by game developers and studios can be attributed to the replication of conventional game monetisation models in India despite the wide economic and cultural gaps,” said Paavan Nanda, Co-founder of WinZO.

The monetisation model of the organization, which empowers micro-transactions going from Rs 1 to Rs 10, leans toward the Indian crowd and conveys an increase in revenue for game developers, he said. WinZO itself has raised a sum of $100 million, or around Rs 8,200 crore, across various rounds from California-based Griffin Gaming Partners, other gaming subsidies like Maker’s Fund and Courtside, and India-based VC Kalaari Capital.

Credit: BQ Prime