Winzo acquires gaming studio Upskillz Games
Vernacular interactive entertainment platform WinZO has acquired Upskillz Games, a Gurugram-based casual game development studio. The all-cash deal saw WinZO acquiring a majority stake in the studio for an undisclosed amount.
This deal shortly follows a recent announcement of WinZO making investments in other game development studios, namely Bengaluru-based Bombay Play, UK-based Village Studio and IndiGG, a blockchain based Gaming Guild.
WinZO, which has onboarded Mahendra Singh Dhoni as its brand ambassador, is a social gaming and interactive entertainment platform which claims to have a user base of 80 million garnering over 2.5 billion microtransactions per month.
The platform hosts over 100 games across s formats of diverse genres including Casual, E Sports, Fantasy, and Quizzes on a single app.
Founded by Mannit Sidhu in December 2020, Upskillz has recorded a growth in users and revenues cumulatively growing at a Monthly Rate (CMGR) of 75% since May 2021.
The acquisition will see WinZO onboarding the Blockchain and Web3-based offering from Upskillz as a part of WinZO’s content portfolio while also adding Upskillz’s 1.3 million audience base to its platform.
WinZO seems to be an intriguing startup with inspiring development on entertainment providers platform. I’m certain this startup would keep on thriving in its excursion ahead. All the best to the whole group of WinZO. This will give them an enormous achievement in the future.Shishir Gupta, Founder and CEO, StartupLanes
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