Winzo investing $25 million to expand base in Brazilian market, says cofounder

Gaming company Winzo is investing $25 million to expand its base in the Brazilian market, Saumya Singh Rathore, cofounder of Winzo told ET. The move will help the business diversify outside of India.

“With the government’s decision of levying 28% GST, the unit economics of gaming is impacted in our India business. Hence, by entering into Brazil, we are solving for marketing, distribution, and alternative revenue source through export for over 100 Indian game developers,” Rathore said.