Microsoft explores Invested in Zupee an Indian Gaming Platform

October 06, 2022

Microsoft has held discussions to invest in the Indian play-to-procure gaming platform Zupee as of late and proposed to possibly lead a funding round of more than $100 million, two individuals acquainted with the matter told TechCrunch, the most recent in a progression of wagers from the cloud administrations giant to expand its business in the vital abroad market.

The two firms haven't agreed and there is a sensible chance the arrangement won't emerge, individuals forewarned. A group within Microsoft has communicated misgiving about optics around betting and encouraged the worldwide tech giant to direct away from the arrangement, an individual informed on the subtleties said.

Zupee declined to remark. Microsoft didn't answer a solicitation for input before the end of last month. In the same way as other different new businesses including Oyo in which Microsoft has invested in India, the Zupee bargain looked to have the startup utilize Sky blue and other Microsoft cloud administrations as a feature of the arrangement, two individuals acquainted with the matter said.

The New Delhi-settled Zupee — which has raised more than $120 million to date, including about $100 million in its Series B round that it shut in January this year — works what it portrays as a "expertise based easygoing gaming" platform. The firm, which was last esteemed at $600 million, has accumulated north of 70 million downloads across prepackaged games like ludo, snakes and stepping stool, and playing cards and carrom.

In January, it shaped what it depicted as a "first-of-its-kind key" organization with Jio Platforms, India's biggest telecom administrator with north of 420 million endorsers. The two firms will attempt to construct an "biological system that will work with quicker and more proficient turn of events and dissemination of items and administrations," Zupee said in a public statement prior.

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