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Indian gaming platform Zupee closes $30M Series B at over $500M valuation

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India-based Zupee is a leading innovator in the online skill-based gaming industry. 

Recently, the company has pocketed $30 million in a Series B funding round with a $500 million pre-money valuation. The round was co-led by WestCap Group from Silicon Valley and Tomales Bay Capital. 

Also, Orios Venture Partners and Matrix Partners India participated in the round. Notably, the investment has been raised six months after the Series A funding and takes its total funds over $49 million. Also, the valuation has surged 5x since the previous round, which placed it at $100 million.

With over 10 million users, Zupee will use the investment to enable its scaling efforts through an expanded product portfolio, penetrate deep into the market and hire global talent.

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