# TICTOK Skill Games Private

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/tictok-skill-games-private

- Industry: Software
- Headquarters: Delhi, India
- Website: www.winzogames.com
- Total disclosed funding: $83M
- Latest round: Series C (Jul 6, 2021)
- Investors on record: 8

## About

Based in India, TICTOK Skill Games operates as a skill-based real money gaming platform, offering a variety of interactive games that engage users and provide opportunities for monetary rewards.Founded in 2016 and headquartered in Delhi, India, TICTOK Skill Games focuses on skill-based gaming. The company was established by Mihail Paleologu, Paavan Nanda, and Saumya Rathore. In July 2021, TICTOK Skill Games raised INR 3.67 billion in Series C funding, led by Griffin Gaming Partners, contributing to a total of INR 3.67 billion raised. The company's current valuation stands at INR 29.83 billion, with a record of 10 deals to date.TICTOK Skill Games offers WinZO, a skill-based real money gaming platform featuring over 100 interactive games such as Ludo, Snakes and Ladders, and Fantasy Cricket. The platform is designed for engaging competitive play that allows users to win monetary rewards based on their gaming skills. Primarily targeting Indian users in regions where skill gaming is legally permitted, WinZO provides a secure and fair gaming experience, enhanced by advanced fraud detection mechanisms. The app is compatible with Android and iOS devices, supporting over 12 regional languages to cater to diverse linguistic demographics across India.In 2022, TICTOK Skill Games reported a revenue of INR 31,396,909.80, with an EBITDA of -INR 16,985,851.70. The company employs a dual revenue model, allowing users to engage in both free and paid gaming formats, thus enhancing its revenue generation from a growing gaming market in India.Following its recent Series C funding in July 2021, TICTOK Skill Games aims to expand its gaming offerings and explore new markets. The capital raised will likely support the development of new products and enhance its platform functionalities. Specific details regarding upcoming product launches or geographic expansion plans have not been disclosed, but the funding is expected to facilitate these growth initiatives.

## Funding rounds

- Series C, Jul 6, 2021, $49M — Makers Fund, Griffin Gaming Partners
- Series B, May 3, 2021, $13M — Courtside Ventures, Makers Fund
- Series B, Sep 1, 2020, $16M — Kalaari Capital, IndigoEdge Management Consultancy, Bellerive Capital, Courtside Ventures, Makers Fund, FinAdvantage Consulting Private Limited
- Series A, May 17, 2019, $4M — Kalaari Capital, Hike Private Limited
- Seed, May 11, 2018, $0.5M — Kalaari Capital

## Investors

- Kalaari Capital (https://capitalatlas.ai/funds/kalaari-capital) — Seed, Series A, Series B
- Hike Private Limited — Series A
- IndigoEdge Management Consultancy — Series B
- Bellerive Capital — Series B
- Courtside Ventures (https://capitalatlas.ai/funds/courtside-ventures) — Series B
- Makers Fund (https://capitalatlas.ai/funds/makers-fund) — Series B, Series C
- FinAdvantage Consulting Private Limited — Series B
- Griffin Gaming Partners (https://capitalatlas.ai/funds/griffin-gaming-partners) — Series C