WinZO announces $20 mn gaming developer fund; set to invest in interactive games

Social interactive gaming platform WinZO has announced the third edition of its gaming developer fund with a corpus of $20 million (around ₹147 crore) to invest in interactive games, content creation, security and more, the company has revealed.

The Indian gaming startup, which had previously raised Series C funding of $65 million, led by California based Griffin Gaming Partners and existing investors; Maker’s Fund, and Courtside, works with developers and gaming studios to bring multiplayer games to users. The company says that it uses a microtransaction based monetization model to generate 100 times more revenue for developers.