WinZO acquires Gurugram-based game development studio Upskillz
NEW DELHI: Leading vernacular gaming platform WinZo announced on Tuesday that it has acquired Gurugram-based casual game development studio Upskillz Games for an undisclosed sum in an all-cash deal.
WinZO will collaborate with the Upskillz team from the design stage of new game developments and share support in terms of technical expertise and resources.
The acquisition will see WinZO integrate Upskillz’ Blockchain and Web3-based offering as part of its content portfolio while adding Upskillz’ captive audience base of 1.3 million to its platform.
“WinZO is committed to unleashing the latent potential of India’s game development industry and putting India in its rightful place as the leader of this $100 billion global mobile games market,” said Paavan Nanda, co-founder of WinZO.
WinZO recently invested in Bengaluru-based Bombay Play, UK-based Village Studio, and blockchain-based gaming guild IndiGG as part of its $26 million game development fund.
The gaming platform has registered a user base of over 80 million and hosts over 100 games in over 6 formats of various genres.
Since inception, Upskillz has seen phenomenal growth in users and revenue growing cumulatively at a CMGR of 75% since May 2021.
“Together, we are committed to developing world-class game titles powered by modern technology for users in India and around the world,” said Upskillz Founder Mannit Sidhu.