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Indian gaming startup WinZO gives $12m exit to early investor Hike through share buyback Photo: Pixabay May 3, 2021 Social gaming platform WinZO, on Monday, said it has provided a complete exit to early investor Hike Pvt. Ltd, through a share buyback for $12 million. Through the buyback, Hike has received a four-fold return on its investment in the gaming company, WinZO said. Hike, along with Kalaari Capital, had led Winzo’s $5-million series A round back in July 2019. The news comes after WinZO had raised close to $18 million in series B funding, led by existing investors including co-chai...

WinZO gives complete exit to Hike via $12M share buyback ​ By IANS | ​ 1 Views WinZO gives complete exit to Hike via $12M share buyback.. Image Source: IANS News New Delhi, May 3 : Vernacular social gaming platform WinZO on Monday said it has bought back early investor Hikes shares for $12 million, making it one of the largest buyback transactions by an early stage firm in the Indian start-up ecosystem. The move gives a complete exit to Hike with four-fold returns on their investment in May 2019. Hike participated in the $5 million Series A funding in WinZO in 2019 and has received 4 ti...

WinZO gives complete exit to Hike through USD12MM share buyback Mumbai, May 3 (UNI) WinZO, India’s largest vernacular social gaming platform, has given a complete exit to its early investor Hike with four-fold returns on their investment in May 2019. This comes after the Series B funded gaming start-up raised additional $13 million capital from its existing investors- Stephan Pagliuca, Makers Fund, and Courtside Venture. It is noteworthy that these investors had led the $18 Million Series B fund raise for WinZO in September 2020, taking the total fund raise tally for the three-year-old st...

Hike exits social gaming platform WinZO May 03, 2021 To focus on its own gaming app, Rush. Kavin Mittal-backed Hike has exited WinZO, a vernacular social gaming platform, for $12 million. This comes even as Hike has launched its own gaming platform called Rush. Hike had earlier participated in the $5 Million Series-A funding in WinZO back in 2019 and has received 4X returns within 18 months. WinZO has raised an additional $13 million capital from its existing investors- Stephan Pagliuca, Makers Fund, and Courtside Venture. These investors had led the $18 million Series B to fundraise for W...

Goose Goose Duck developer Gaggle Studios has closed a seed round of $2 million from early-stage VC firm Makers Fund. The funding will go towards enhancing the "speed and quality" of Gaggle's development pipeline as well as expand the team, the studio said in its announcement. Goose Goose Duck, a multiplayer survival game that looks to be heavily inspired by Among Us, will be launching in Early Access today, the studio added. Gaggle was founded in April last year to "fill a gap in the video game marketplace where they saw a lack of frictionless, integrated voice and video-chat gaming." The ...