Zupee
| |||
| Privately held company | |||
| Industry | Online Gaming | ||
| Founded | 2018 | ||
| Founder | Dilsher Singh Malhi | ||
Key people | Siddhant Saurabh (Co-Founder) Dr. Subi Chaturvedi, Chief Corporate & Public Affairs Officer | ||
| Services | Online skill-based game Gamification | ||
| Website | zupee | ||
Zupee is an online mobile multiplayer competitive Online skill-based game platform that uses incentives and rewards to "engage, empower and entertain" users.[1] Zupee creates mobile games and gamification solutions across disciplines such as education and entertainment.[2] The company was founded in 2018 by two Indian Institutes of Technology|IIT graduates, who created an online multiplayer platform where users can play against other users from around the world to compete in tournaments for monetary rewards.[3]
Zupee is one of the leaders in the online skill-based gaming vertical,[2] which is fast becoming a popular segment in Online game|online gaming as demonstrated by the increased financing in the sector in 2020.[4] The company is aiming to onboard 100 million users by the end of 2021.[3]
Background
Zupee was founded in 2018 by two IIT graduates, Dilsher Singh Malhi and Siddhant Saurabh.[5] Zupee has raised $19 Million in three separated rounds of funding in the last 2 years (2019 & 2020), with the last round of funding coming in from the Westcap Group and Matrix Partners India, having previously raised funds from Smile Group, Orios Venture Partners and Falcon Edge Capital.[4]
Skill-Based Gaming
Skill-based gaming, as opposed to Game of chance, are games where skill is required to win a game or a tournament. It has been indicated that skill-based gaming can improve mental health by providing the excitement of real life sport through fair competition, reward and recognition, while also entertaining the users.[6] There has been a growing interest in online skill-based gaming during the COVID-19 pandemic (of 2020), with numerous startups focusing on this growing sector and a number of investors providing the necessary monetary impetus to help the growth.[4][7]
Format
Zupee develops online multiplayer skill-based games by deconstructing time-tested real life games, such as, Ludo (board game), and reengineers them for the mobile phone users.[1] All the games are competitive in nature, which means players can compete against other players to accrue the most points to win the competition. Players can play one on one games and also enter tournaments to play against multiple players. Zupee Gold, company's flagship quiz game, for example, runs more than 200 tournaments, at any given point of time every minute of the day, where the players can pick a topic of their choice (Science, History, Film, Sports, Maths, Spellings, etc.) to compete for rewards against other players.[8]
References
- ↑ 1.0 1.1 "Home". Zupee. Retrieved 2021-04-11.
- ↑ 2.0 2.1 "Skill-based Gaming Can Improve Mental Health In Post Pandemic Era". BW Education. Retrieved 2021-04-12.
- ↑ 3.0 3.1 "Zupee Raises $8 Mn From Matrix, Others To Tap Real Money Gaming". Inc42 Media. 2020-04-09. Retrieved 2021-04-12.
- ↑ 4.0 4.1 4.2 "Zupee raises $10 million funding from WestCap, Matrix Partners India". The Economic Times. Retrieved 2021-04-12.
- ↑ Chengappa, Sangeetha. "Skill-based gaming company Zupee raises $8 million in Series A, led by Matrix Partners India". @businessline. Retrieved 2021-04-12.
- ↑ "Health News Update : Skill-based gaming can improve mental health". Trusted Online News Portals In India | Breaking News India. 2021-03-11. Retrieved 2021-04-12.
- ↑ "Skill-based gaming can improve mental health in post-pandemic era". India's Biggest Gaming Platform. 2021-03-13. Retrieved 2021-04-12.
- ↑ "Zupee - Live Trivia & Quiz with real money!". zupee.in. Retrieved 2021-04-12.
External links
This article "Zupee" is from Wikipedia. The list of its authors can be seen in its historical. Articles taken from Draft Namespace on Wikipedia could be accessed on Wikipedia's Draft Namespace.