October 8, 2020 | technology | No Comments
6 min read
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When the government announced a countrywide lockdown in March, the online gaming industry was one of the few online services to benefit from people staying at home. As a result, investor’s interest in the segment has also grown manifold with them pumping funds to tap into the opportunity.
One such online gaming company is Delhi-based WinZo, which recently raised USD 18 million in Series B funding round led by Singapore-based Makers Fund and New York’s Courtside Ventures.
However, one big hurdle for gaming companies in India is to generate revenue as data shows that most Indians opt for free online games. This is considered to be a major reason behind the slow growth of Indian gaming industry and for Indian developers to have been reduced to meagre back offices for international brands.