Gurgaon based online gaming startup Zupee has raised additional capital of $10 million in a round led by WestCap Group (WestCap), a US based growth equity firm. The round also saw participation from existing investor Matrix Partners India.

This is the second round of funding successfully secured by Zupee within the last 12 months; earlier in April 2020 the startup had raised $8 million. With the completion of the latest capital raise Zupee has so far raised $19 million in funding. According to a company statement the fresh capital will be utilized to further scale up the venture, expand market reach, enhance user penetration for Zupee's platform, and focus on delivering an exceptional and truly rewarding user experience.

Founded in 2018 by Dilsher Singh Malhi and Siddhant Saurabh, Zupee is a skill based gaming app. It runs live quiz tournaments surrounding topics ranging from Bollywood, Hollywood, Sports to Math, Cities and Capitals among others. Users can can play against one another and win cash prizes.

The company said that it has witnessed exponential month on month growth in 2020 and the current round of funding will enable Zupee to double up its scaling plans.

Speaking about the new development, Dilsher Singh, Founder & CEO, Zupee, said “Bringing joy and making each moment count is what truly propels us forward in doing our bit towards bringing the next Billion online - solving for connectivity, local language content, culture, and keeping the internet a place for productive engagement”.

Speaking about the investment, Dan Fischer, WestCap stated, “Zupee is delivering a product that delights mobile users in India. The platform provides fun and fair competition that connects people in a meaningful way and its industry-leading growth is a testament to the team’s vision. We are excited to partner with Dilsher and the entire Zupee team as they continue to rapidly scale.”