Zupee raises  USD  8 million in Series A Round 

Founded by two IIT Kanpur graduates, Zupee runs live quiz tournaments on its app, in which users compete with each others for prizes. The Zupee app’s 2,000+ live quiz tournaments run each day, covering 100+ topics such as  Sports, Maths, Spelling, films and Hinglis  

Online skill-based gaming app Zupee on Wednesday said it has raised $8 million in its Series A funding round led by Matrix Partners India. Other investors are  Falcon Edge Capital, WestCap Group and Orios Venture Partners also participated in the round. Existing investor Smile Group also pooled in the capital. Zupee said in a statement. that the company will use the fresh capital to invest in technology, team and marketing. The online gaming market is growing at 40% annually and is expected to touch $14 billion in India by 2025 Last year, Zupee had raised $1 million in seed funding from Smile Group, which incubated the startup Available in both English and Hindi, the Zupee app had over 5 million downloads as of 1 April, 2020.