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{{ | {{short description|Indian online gaming and interactive entertainment platform}} | ||
{{Use dmy dates|date=May 2025}} | |||
{{Use Indian English|date=May 2025}} | |||
{{#seo: | {{#seo: | ||
|title_mode | |title_mode = replace | ||
|title | |title = WinZO Wiki - Founders, Funding, Revenue, Business Model & Competitors | ||
|keywords | |keywords = WinZO, WinZO wikipedia, online gaming, real-money gaming, vernacular gaming platform, mobile esports | ||
|description | |description = Founded in 2018, WinZO is an Indian online gaming platform offering skill-based games in multiple regional languages. | ||
|image | |image = WinZO_Logo.png | ||
|image_alt | |image_alt = WinZO Logo | ||
|site_name | |site_name = WinZO Wiki | ||
|locale | |locale = en_EN | ||
|type | |type = website | ||
|modified_time | |modified_time = {{REVISIONYEAR}}-{{REVISIONMONTH}}-{{REVISIONDAY2}} | ||
}} | }} | ||
{{Infobox company | {{Infobox company | ||
| name | | name = WinZO | ||
| logo | | logo = WinZO_Logo.png | ||
| logo_size | | logo_size = 200px | ||
| | | logo_alt = WinZO Logo | ||
| | | type = [[Privately held company|Private]] | ||
| founded | | industry = [[Online gaming]], Interactive Entertainment | ||
| founders | | founded = {{start date and age|2018|2}} | ||
| | | founders = Paavan Nanda, Saumya Singh Rathore | ||
| hq_location = New Delhi, India | |||
| key_people | | key_people = Paavan Nanda ([[Chief executive officer|CEO]]), Saumya Singh Rathore (Co-founder) | ||
| | | services = Mobile e-sports gaming platform, real-money skill-based games | ||
| revenue | | revenue = {{INR}}1055.22 crore (FY24) | ||
| website | | net_income = {{INR}}315.12 crore (FY24) | ||
| num_employees = 200+ (2023) | |||
| website = {{URL|https://www.winzogames.com}} | |||
}} | }} | ||
'''WinZO''' is an Indian | '''WinZO''' is an Indian online gaming and interactive entertainment platform headquartered in New Delhi. Founded in 2018 by Paavan Nanda and Saumya Singh Rathore, it offers over 100 skill-based games, including carrom, cricket, and fantasy leagues, in 16 regional languages. Targeting primarily Tier II–IV cities, WinZO facilitates over 2.5 billion micro-transactions monthly and has a user base of 250 million as of 2024. The platform partners with third-party developers globally and supports real-money gaming with monetary rewards. WinZO has raised $92 million in funding and reported a 70.4% revenue increase to ₹1055.22 crore in FY24.<ref>{{cite news |last1=Kawale |first1=Ajinkya |date=30 April 2025 |title=Winzo FY24 Profit: The gaming platform's revenue from operations grew 70.35 per cent |work=Business Standard |url=https://www.business-standard.com |access-date=19 June 2025}}</ref> | ||
== Founders & Leadership == | |||
* '''Paavan Nanda''' ([[Chief executive officer|CEO]] and Co-founder): An alumnus of [[Netaji Subhas Institute of Technology]] and [[Indian Institute of Management Calcutta]], Nanda previously worked at [[Bain & Company]], [[Abbott Laboratories]], and [[Merrill Lynch]]. He co-founded [[Zostel]], a hospitality startup backed by [[Tiger Global Management]], before launching WinZO. Nanda leads strategy and operations.<ref>{{cite web |title=WinZO Company Profile Funding & Investors |website=YourStory |url=https://yourstory.com |date=8 July 2021 |access-date=19 June 2025}}</ref> | |||
* '''Saumya Singh Rathore''' (Co-founder): Holding a master’s degree in psychology, Rathore worked at [[KPMG]] and [[The Times Group]]. She co-founded [[Zostel]] with Nanda. At WinZO, she oversees partnerships and developer relations.<ref>{{cite web |title=WinZO - Crunchbase Company Profile & Funding |website=Crunchbase |url=https://www.crunchbase.com |access-date=19 June 2025}}</ref> | |||
== | == Origin & Founding Story == | ||
WinZO was | [[File:Paavan Nanda Saumya Singh Rathore.jpg|right|thumb|250px|Paavan Nanda and Saumya Singh Rathore, the founders of WinZO]] | ||
WinZO was founded in February 2018 by Paavan Nanda and Saumya Singh Rathore, who previously collaborated on [[Zostel]], a backpacker hostel chain. Inspired by the growing mobile gaming market in India, projected to reach $1 billion by 2021, they aimed to create a vernacular gaming platform for Tier II–IV cities. The name "WinZO" derives from "ZO," symbolising speed and energy from their Zostel venture. The platform launched with a focus on skill-based, real-money games in regional languages, partnering with global developers to offer a culturally relevant experience.<ref>{{cite web |title=WinZO: Revolutionizing Social Gaming with Innovation and Growth |website=StartupTalky |url=https://startuptalky.com |date=19 December 2024 |access-date=19 June 2025}}</ref> | |||
== Timeline == | |||
{| class="wikitable" | |||
! Year !! Milestone | |||
|- | |||
| 2018 || WinZO founded by Paavan Nanda and Saumya Singh Rathore in New Delhi. | |||
|- | |||
| 2019 || Raised $5 million in Series A funding led by [[Kalaari Capital]]. Won Startup of the Year - Technology by Entrepreneur India.<ref>{{cite web |title=WinZO - Recent News & Activity |website=Crunchbase |url=https://www.crunchbase.com |access-date=19 June 2025}}</ref> | |||
|- | |||
| 2020 || Raised $18 million in Series B funding led by Makers Fund and Courtside Ventures.<ref>{{cite news |last1= |first1= |date=3 September 2020 |title=Gaming startup WinZO raises $18 million in Series B funding |work=Live Mint |url=https://www.livemint.com |access-date=19 June 2025}}</ref> | |||
|- | |||
| 2021 || Raised $65 million in Series C funding led by Griffin Gaming Partners. Valued at ₹2730 crore.<ref>{{cite web |title=How Winzo Startup Became India’s Fastest Growing Gaming-Platform? |website=The Digital Yug |url=https://thedigitalyug.com |date=9 July 2021 |access-date=19 June 2025}}</ref> | |||
|- | |||
| 2022 || Launched $50 million Game Developer Fund to invest in global startups.<ref>{{cite news |last1= |first1= |date=26 April 2024 |title=Gaming Startup WinZO’s FY23 Revenue Surges Nearly 3X To INR 674 Cr |work=Inc42 |url=https://inc42.com |access-date=19 June 2025}}</ref> | |||
|- | |||
| 2023 || Reported operating revenue of ₹674 crore in FY23, a 188% increase from FY22.<ref>{{cite web |title=WinZO Business Model | How Winzo Makes Money |website=StartupTalky |url=https://startuptalky.com |date=26 December 2024 |access-date=19 June 2025}}</ref> | |||
|- | |||
| 2024 || Partnered with [[Tata Memorial Hospital]] to establish India’s first gene counselling facility.<ref>{{cite news |last1= |first1= |date=6 January 2025 |title=WinZO, Tata Memorial Hospital tie up to set-up India’s first gene counselling facility |work=IndiaMedToday |url=https://indiamedtoday.com |access-date=19 June 2025}}</ref> | |||
|- | |||
| 2025 || Reported 150.7% profit increase to ₹315.12 crore in FY24.<ref>{{cite news |last1= |first1= |date=30 April 2025 |title=WinZO reports 150% jump in FY24 profit buoyed by user base expansion |work=YourStory |url=https://yourstory.com |access-date=19 June 2025}}</ref> | |||
|} | |||
== | == Funding == | ||
{| class="wikitable" | |||
! Date !! Round !! Amount !! Lead Investors !! Other Investors | |||
|- | |||
| 2019 || Series A || $5 million || [[Kalaari Capital]] || - | |||
|- | |||
| September 2020 || Series B || $18 million || Makers Fund, Courtside Ventures || [[Kalaari Capital]]<ref>{{cite news |last1= |first1= |date=5 September 2020 |title=Gaming startup WinZO raises US$ 18M in Series B funding |work=VCBay News |url=https://www.vcbay.news |access-date=19 June 2025}}</ref> | |||
|- | |||
| July 2021 || Series C || $65 million || Griffin Gaming Partners || -<ref>{{cite news |last1= |first1= |date=1 September 2020 |title=Exclusive: WinZO Raises $18 Mn In Series B Round Led By Makers Fund, Courtside Ventures |work=Inc42 |url=https://inc42.com |access-date=19 June 2025}}</ref> | |||
|- | |||
| colspan="5" | '''Total: $92 million over 7 rounds from 29 investors'''<ref>{{cite web |title=WinZO - 2025 Company Profile, Funding, Competitors & Financials |website=Tracxn |url=https://tracxn.com |date=29 May 2025 |access-date=19 June 2025}}</ref> | |||
|} | |||
== | == Business Model == | ||
WinZO | WinZO operates a [[Business-to-consumer|B2C]] real-money gaming platform, generating revenue through in-app purchases, advertising, commissions, and brand partnerships. It charges a commission on paid games and tournaments, retaining a portion of profits. Advertising is integrated non-intrusively, while sponsorships enable exclusive events. The platform targets Tier II–IV city users, offering games in 16 regional languages to enhance accessibility. WinZO partners with global developers, providing them 80% of revenue from day one, reducing their user acquisition costs. The WinZO Developer Console allows developers to submit games, with over 1,000 submissions globally.<ref>{{cite web |title=WinZO Business Model - How Winzo Makes Money |website=StartupTalky |url=https://startuptalky.com |date=26 December 2024 |access-date=19 June 2025}}</ref> | ||
== Products / Services == | |||
* '''WinZO App''': A mobile platform hosting 100+ skill-based games, including carrom, cricket, bubble shooter, and fantasy leagues, available in 16 languages. | |||
* '''WinZO Developer Console''': A portal for developers to submit games, offering real-time analytics for performance monitoring. | |||
* '''WinZO Store''': Offers gaming coupons and third-party vouchers (e.g., Gaana, Nykaa). | |||
* '''WinZO Versus''': A community feature enabling player interaction and competition.<ref>{{cite web |title=WinZO: Revolutionizing Social Gaming with Innovation and Growth |website=StartupTalky |url=https://startuptalky.com |date=19 December 2024 |access-date=19 June 2025}}</ref> | |||
== | == Growth & Metrics == | ||
WinZO has | As of 2024, WinZO has 250 million registered users, with 30 million monthly active users, claiming 40% of India’s online gaming audience. FY24 revenue was ₹1055.22 crore, up 70.4% from ₹619.42 crore in FY23, with profit at ₹315.12 crore, a 150.7% increase. The platform supports over 2.5 billion monthly micro-transactions and operates in India and Brazil. Employee count exceeds 200, with costs rising to ₹54.81 crore in FY23. Average user session time is 55 minutes daily.<ref>{{cite news |last1= |first1= |date=30 April 2025 |title=WinZO reports 150% jump in FY24 profit buoyed by user base expansion |work=YourStory |url=https://yourstory.com |access-date=19 June 2025}}</ref><ref>{{cite news |last1= |first1= |date=26 April 2024 |title=Gaming Startup WinZO’s FY23 Revenue Surges Nearly 3X To INR 674 Cr |work=Inc42 |url=https://inc42.com |access-date=19 June 2025}}</ref> | ||
== Legal Entity Information == | |||
{| class="wikitable" | |||
! Parameter !! Details | |||
|- | |||
| Legal Name || WinZO Games Private Limited | |||
|- | |||
| Foundation Date || 19 December 2016 | |||
|- | |||
| Registrar of Companies (ROC) || ROC Delhi | |||
|- | |||
| Corporate Identification Number (CIN) || U93090DL2016PTC307296 | |||
|- | |||
| Registered Address || Suite No. 006, Ground Floor, Copia Corporate Suites Building NO. 9, DDA District Centre Jasola , New Delhi, Delhi, India - 110025 | |||
|- | |||
| Email ID || accounts@winzogames.com | |||
|- | |||
| Company Status || Active | |||
|- | |||
| Directors || Paavan Nanda, Saumya Singh Rathore | |||
|- | |||
| Authorized Share Capital || ₹ 7,93,50,000.00 | |||
|- | |||
| Paid-up Capital || ₹ 6,03,56,660.00 | |||
|}<ref>{{cite web |title=WinZO - 2025 Company Profile, Funding, Competitors & Financials |website=Tracxn |url=https://tracxn.com |date=29 May 2025 |access-date=19 June 2025}}</ref> | |||
== | == Media & Public Recognition == | ||
* '''Awards''': Startup of the Year - Technology by Entrepreneur India (2019), SutraHR’s Top 100 Startups in India (2020), Businessworld Techtors (2020).<ref>{{cite web |title=WinZO: Revolutionizing Social Gaming with Innovation and Growth |website=StartupTalky |url=https://startuptalky.com |date=19 December 2024 |access-date=19 June 2025}}</ref> | |||
* '''Coverage''': Featured in Inc42, YourStory, Business Standard, and Live Mint for funding, financials, and partnerships.<ref>{{cite news |last1= |first1= |date=3 September 2020 |title=Gaming startup WinZO raises $18 million in Series B funding |work=Live Mint |url=https://www.livemint.com |access-date=19 June 2025}}</ref> | |||
* '''Partnerships''': Collaborated with [[Tata Memorial Hospital]] (2025), [[DPIIT]] (2024), and [[ONDC]] (2024).<ref>{{cite news |last1= |first1= |date=17 May 2024 |title=ONDC Partners WinZO Online Gaming Platform To Boost Digital Commerce in India |work=Latestly |url=https://www.latestly.com |access-date=19 June 2025}}</ref> | |||
== | == FAQs == | ||
WinZO | ;'''What is WinZO?''' | ||
:WinZO is an Indian online gaming platform offering skill-based, real-money games in 16 regional languages, targeting Tier II–IV cities. | |||
;'''Who founded WinZO?''' | |||
:Paavan Nanda and Saumya Singh Rathore founded WinZO in 2018. | |||
;'''How does WinZO make money?''' | |||
:It earns through in-app purchases, commissions, advertising, and brand partnerships. | |||
;'''What is WinZO’s user base?''' | |||
:As of 2024, WinZO has 250 million registered users and 30 million monthly active users. | |||
== External Links == | |||
* {{URL|https://www.winzogames.com|Official website}} | |||
* {{URL|https://www.linkedin.com/company/winzo|LinkedIn}} | |||
* {{URL|https://twitter.com/winzo_games|Twitter}} | |||
* {{URL|https://www.facebook.com/winzo|Facebook}} | |||
== | == Related Startups == | ||
* [[ | * [[Dream11]] | ||
* [[Mobile | * [[Mobile Premier League|MPL]] | ||
* [[ | * [[Zupee]] | ||
* [[ | * [[Games24x7]] | ||
== References == | == References == | ||
{{reflist}} | |||
Latest revision as of 05:29, 19 June 2025
![]() | |
Company type | Private |
---|---|
Industry | Online gaming, Interactive Entertainment |
Founded | February 2018 |
Founders | Paavan Nanda, Saumya Singh Rathore |
Headquarters | New Delhi, India |
Key people | Paavan Nanda (CEO), Saumya Singh Rathore (Co-founder) |
Services | Mobile e-sports gaming platform, real-money skill-based games |
Revenue | ₹1055.22 crore (FY24) |
₹315.12 crore (FY24) | |
Number of employees | 200+ (2023) |
Website | www |
WinZO is an Indian online gaming and interactive entertainment platform headquartered in New Delhi. Founded in 2018 by Paavan Nanda and Saumya Singh Rathore, it offers over 100 skill-based games, including carrom, cricket, and fantasy leagues, in 16 regional languages. Targeting primarily Tier II–IV cities, WinZO facilitates over 2.5 billion micro-transactions monthly and has a user base of 250 million as of 2024. The platform partners with third-party developers globally and supports real-money gaming with monetary rewards. WinZO has raised $92 million in funding and reported a 70.4% revenue increase to ₹1055.22 crore in FY24.[1]
Founders & Leadership
- Paavan Nanda (CEO and Co-founder): An alumnus of Netaji Subhas Institute of Technology and Indian Institute of Management Calcutta, Nanda previously worked at Bain & Company, Abbott Laboratories, and Merrill Lynch. He co-founded Zostel, a hospitality startup backed by Tiger Global Management, before launching WinZO. Nanda leads strategy and operations.[2]
- Saumya Singh Rathore (Co-founder): Holding a master’s degree in psychology, Rathore worked at KPMG and The Times Group. She co-founded Zostel with Nanda. At WinZO, she oversees partnerships and developer relations.[3]
Origin & Founding Story

WinZO was founded in February 2018 by Paavan Nanda and Saumya Singh Rathore, who previously collaborated on Zostel, a backpacker hostel chain. Inspired by the growing mobile gaming market in India, projected to reach $1 billion by 2021, they aimed to create a vernacular gaming platform for Tier II–IV cities. The name "WinZO" derives from "ZO," symbolising speed and energy from their Zostel venture. The platform launched with a focus on skill-based, real-money games in regional languages, partnering with global developers to offer a culturally relevant experience.[4]
Timeline
Year | Milestone |
---|---|
2018 | WinZO founded by Paavan Nanda and Saumya Singh Rathore in New Delhi. |
2019 | Raised $5 million in Series A funding led by Kalaari Capital. Won Startup of the Year - Technology by Entrepreneur India.[5] |
2020 | Raised $18 million in Series B funding led by Makers Fund and Courtside Ventures.[6] |
2021 | Raised $65 million in Series C funding led by Griffin Gaming Partners. Valued at ₹2730 crore.[7] |
2022 | Launched $50 million Game Developer Fund to invest in global startups.[8] |
2023 | Reported operating revenue of ₹674 crore in FY23, a 188% increase from FY22.[9] |
2024 | Partnered with Tata Memorial Hospital to establish India’s first gene counselling facility.[10] |
2025 | Reported 150.7% profit increase to ₹315.12 crore in FY24.[11] |
Funding
Date | Round | Amount | Lead Investors | Other Investors |
---|---|---|---|---|
2019 | Series A | $5 million | Kalaari Capital | - |
September 2020 | Series B | $18 million | Makers Fund, Courtside Ventures | Kalaari Capital[12] |
July 2021 | Series C | $65 million | Griffin Gaming Partners | -[13] |
Total: $92 million over 7 rounds from 29 investors[14] |
Business Model
WinZO operates a B2C real-money gaming platform, generating revenue through in-app purchases, advertising, commissions, and brand partnerships. It charges a commission on paid games and tournaments, retaining a portion of profits. Advertising is integrated non-intrusively, while sponsorships enable exclusive events. The platform targets Tier II–IV city users, offering games in 16 regional languages to enhance accessibility. WinZO partners with global developers, providing them 80% of revenue from day one, reducing their user acquisition costs. The WinZO Developer Console allows developers to submit games, with over 1,000 submissions globally.[15]
Products / Services
- WinZO App: A mobile platform hosting 100+ skill-based games, including carrom, cricket, bubble shooter, and fantasy leagues, available in 16 languages.
- WinZO Developer Console: A portal for developers to submit games, offering real-time analytics for performance monitoring.
- WinZO Store: Offers gaming coupons and third-party vouchers (e.g., Gaana, Nykaa).
- WinZO Versus: A community feature enabling player interaction and competition.[16]
Growth & Metrics
As of 2024, WinZO has 250 million registered users, with 30 million monthly active users, claiming 40% of India’s online gaming audience. FY24 revenue was ₹1055.22 crore, up 70.4% from ₹619.42 crore in FY23, with profit at ₹315.12 crore, a 150.7% increase. The platform supports over 2.5 billion monthly micro-transactions and operates in India and Brazil. Employee count exceeds 200, with costs rising to ₹54.81 crore in FY23. Average user session time is 55 minutes daily.[17][18]
Legal Entity Information
Parameter | Details |
---|---|
Legal Name | WinZO Games Private Limited |
Foundation Date | 19 December 2016 |
Registrar of Companies (ROC) | ROC Delhi |
Corporate Identification Number (CIN) | U93090DL2016PTC307296 |
Registered Address | Suite No. 006, Ground Floor, Copia Corporate Suites Building NO. 9, DDA District Centre Jasola , New Delhi, Delhi, India - 110025 |
Email ID | accounts@winzogames.com |
Company Status | Active |
Directors | Paavan Nanda, Saumya Singh Rathore |
Authorized Share Capital | ₹ 7,93,50,000.00 |
Paid-up Capital | ₹ 6,03,56,660.00 |
Media & Public Recognition
- Awards: Startup of the Year - Technology by Entrepreneur India (2019), SutraHR’s Top 100 Startups in India (2020), Businessworld Techtors (2020).[20]
- Coverage: Featured in Inc42, YourStory, Business Standard, and Live Mint for funding, financials, and partnerships.[21]
- Partnerships: Collaborated with Tata Memorial Hospital (2025), DPIIT (2024), and ONDC (2024).[22]
FAQs
- What is WinZO?
- WinZO is an Indian online gaming platform offering skill-based, real-money games in 16 regional languages, targeting Tier II–IV cities.
- Who founded WinZO?
- Paavan Nanda and Saumya Singh Rathore founded WinZO in 2018.
- How does WinZO make money?
- It earns through in-app purchases, commissions, advertising, and brand partnerships.
- What is WinZO’s user base?
- As of 2024, WinZO has 250 million registered users and 30 million monthly active users.
External Links
Related Startups
References
- ↑ Kawale, Ajinkya (30 April 2025). "Winzo FY24 Profit: The gaming platform's revenue from operations grew 70.35 per cent". Business Standard. Retrieved 19 June 2025.
- ↑ "WinZO Company Profile Funding & Investors". YourStory. 8 July 2021. Retrieved 19 June 2025.
- ↑ "WinZO - Crunchbase Company Profile & Funding". Crunchbase. Retrieved 19 June 2025.
- ↑ "WinZO: Revolutionizing Social Gaming with Innovation and Growth". StartupTalky. 19 December 2024. Retrieved 19 June 2025.
- ↑ "WinZO - Recent News & Activity". Crunchbase. Retrieved 19 June 2025.
- ↑ "Gaming startup WinZO raises $18 million in Series B funding". Live Mint. 3 September 2020. Retrieved 19 June 2025.
- ↑ "How Winzo Startup Became India's Fastest Growing Gaming-Platform?". The Digital Yug. 9 July 2021. Retrieved 19 June 2025.
- ↑ "Gaming Startup WinZO's FY23 Revenue Surges Nearly 3X To INR 674 Cr". Inc42. 26 April 2024. Retrieved 19 June 2025.
- ↑ "WinZO Business Model". StartupTalky. 26 December 2024. Retrieved 19 June 2025.
{{cite web}}
: Text "How Winzo Makes Money" ignored (help) - ↑ "WinZO, Tata Memorial Hospital tie up to set-up India's first gene counselling facility". IndiaMedToday. 6 January 2025. Retrieved 19 June 2025.
- ↑ "WinZO reports 150% jump in FY24 profit buoyed by user base expansion". YourStory. 30 April 2025. Retrieved 19 June 2025.
- ↑ "Gaming startup WinZO raises US$ 18M in Series B funding". VCBay News. 5 September 2020. Retrieved 19 June 2025.
- ↑ "Exclusive: WinZO Raises $18 Mn In Series B Round Led By Makers Fund, Courtside Ventures". Inc42. 1 September 2020. Retrieved 19 June 2025.
- ↑ "WinZO - 2025 Company Profile, Funding, Competitors & Financials". Tracxn. 29 May 2025. Retrieved 19 June 2025.
- ↑ "WinZO Business Model - How Winzo Makes Money". StartupTalky. 26 December 2024. Retrieved 19 June 2025.
- ↑ "WinZO: Revolutionizing Social Gaming with Innovation and Growth". StartupTalky. 19 December 2024. Retrieved 19 June 2025.
- ↑ "WinZO reports 150% jump in FY24 profit buoyed by user base expansion". YourStory. 30 April 2025. Retrieved 19 June 2025.
- ↑ "Gaming Startup WinZO's FY23 Revenue Surges Nearly 3X To INR 674 Cr". Inc42. 26 April 2024. Retrieved 19 June 2025.
- ↑ "WinZO - 2025 Company Profile, Funding, Competitors & Financials". Tracxn. 29 May 2025. Retrieved 19 June 2025.
- ↑ "WinZO: Revolutionizing Social Gaming with Innovation and Growth". StartupTalky. 19 December 2024. Retrieved 19 June 2025.
- ↑ "Gaming startup WinZO raises $18 million in Series B funding". Live Mint. 3 September 2020. Retrieved 19 June 2025.
- ↑ "ONDC Partners WinZO Online Gaming Platform To Boost Digital Commerce in India". Latestly. 17 May 2024. Retrieved 19 June 2025.