Saturday, July 13, 2024

Zupee announces Strategic Partnership with Reliance Jio

Zupee, India’s largest skill-based casual gaming company, has announced a first-of-its-kind strategic partnership with Jio Platforms Limited. This will entail integration of products and strong synergies in user engagement and distribution in a future-ready
ecosystem that will benefit over 450 million users. With this new synergy, the aim is to build an ecosystem that will facilitate faster and more efficient development and distribution of products and services that will benefit Zupee customers. Jio users will be provided access to Zupee’s rich repertoire of online skill-based games as well as other innovative products that Zupee develops.

With the new partnership in place, emphasis will be on rolling out more quality games in multiple languages to as many users as possible with the ambition of making Zupee the biggest gaming platform in India connecting India with Bharat. Over 150 million 5G handsets are expected to be sold before the commercial launch of 5G in India, and Zupee is aggressively looking to capture as much of the market as possible with this partnership with Jio.

Zupee will also benefit from the reach Jio currently has. Zupee games will be distributed to all the Jio customers. It will also be made available to JioPhone customers. This will give Zupee the biggest reach of all gaming companies in India catapulting the fastest growing gaming start-up into the biggest gaming company in the country. This strategic partnership firmly cements the trust in the incredible growth and vision that Zupee brings to the table with key strengths in cracking winning game formats and monetisation in the Indian market.

Dilsher Singh, Founder & CEO, Zupee, said, “Zupee has always been a behavioural science, human motivation & culture first start-up, bringing the best of India’s engineering talent, creativity & storytelling abilities under one roof, pushing the boundaries of innovation, with user centric design and a tech-for-good approach. Jio is the perfect partner for this journey as we look to penetrate the remotest areas of India all the way to the most disadvantaged people to bring them into the fold.

This resonates firmly with our idea of the internet of the future which would be open, permission less, Zupee recently completed US$ 102 million Series B funding round, with an extension of US$ 30 million that was already raised. The round saw participation from marquee investors such as WestCap Group, Tomales Bay Capital, Nepean Capital, AJ Capital, Matrix Partners India & Orios Venture Partners. This takes the total funds raised by Zupee to US$ 121 million at a US$ 600 million valuation. Previous investors include the Smile Group who partnered as a venture builder with
Zupee. Zupee has over 70 million downloads in India and the new capital raise will help it grow its reach significantly.

The funds will be utilized for developing new products, enhancing immersive design experiences, expanding into new geographies, ramping up marketing, reach, penetration, research and innovation, and hiring top talent to further Zupee’s ambition of building a platform rich with possibilities and meaningful connections. In 2022, Zupee will continue to develop new forms of purposeful entertainment that can engage, empower and entertain the users.

decentralized & limitless. Indian smartphone exports are expected to increase from USD 3.6 bn in 2020-21 to USD 55 bn in 2025-26 which is a 15x growth. As a home-grown start-up, we want to put Indian products and games on all those devices that can take the India story to the world. We will do this while continuing to make games that entertain and put smiles on the faces of millions of people around the world.”

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