WinZO, a vernacular e-sports platform has now secured $5 Million in the funding round of Series A. The funding was led by the Hike and Kalaari Capital. Rahul Garg, Principal, Kalaari Capital, said in a statement, “WinZO’s team has achieved a strong product-market fit and is all set to disrupt the vernacular entertainment space.” WinZO is an esports vernacular gaming platform with the monetary benefits and is also available in more than ten languages. It gives users an opportunity to win real money for winning and playing these Games of Skill. The platform provides nearly more than 40 games across the multiple formats which includes the Versus Mode, Table Format and Tournament. Since it’s founded, WinZO has gained more than 8 million registered users across the Tier 1/2/3 cities. Some of the popular games on the platform include the Fruit Samurai, Pocket Tank, Carrom, Cricket, etc. Kavin Bharti Mittal, Founder & CEO, Hike said in a statement, “Gaming to us has always been a new, bite-sized source of entertainment for the masses. As we unbundle Hike, we think of our investment in WinZO and its stellar team as a strong bet in the segment.” Source: WinZO
Bank of America has been fined more than $1.2 billion by the US Treasury Department over serious failures in its systems for detecting money laundering and preventing transactions...
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