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TMT Law Practice Advises WinZo on USD 12 Million Buyback from Hike
Friday, May 21, 2021 10:00AM IST (4:30AM GMT)
New Delhi, Delhi, India: The increasingly competitive Real Money Gaming Industry in India – among the fastest-growing globally – has witnessed a fair number of deals and investment activity, especially over the last year. The sector has received more than its (un)fair share of attention from allegedly “public-spirited” citizens and the state legislatures. This has often led to “paternalistic” legislation seeking to ban the seeming menace of gam(bl)ing.
In this scenario, Hike Global, which had invested a total of USD 5 Million, along with Kalaari Capital in 2019, in the leading vernacular online gaming platform named
Gaming startup WinZO gives complete exit to Hike – Kavin Mittal gets four times return on investment
Gaming startup WinZO gives complete exit to Hike – Kavin Mittal gets four times return on investment
IANSMay 3, 2021, 12:56 IST
IANS
WinZO on Monday said it has bought back early investor
Hike s 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 times returns within a span of 18 months, the company said in a statement.
linkedin In-game advertising platform Anzu has announced its launch into the Indian market, exclusively represented in APAC by AdColony. The platform enters India with a partnership with WCC2 (World Cricket Championship), a cricket mobile-gaming app. With Anzu, brands can access in-game inventory and target gamers in India programmatically. It offers marketers brand safety along with viewability and recall. Anzu has integrated partnerships with ad-tech vendors like Nielsen, Moat, Comscore and Kantar through which it can provide brands ad viewability, brand lift measurement, audience verification, data enrichment and fraud detection. Amit Rathi, country manager, South Asia, AdColony said, “At AdColony, our mission is to connect brands with consumers across the full spectrum of gaming and e-sports, ranging from hyper-casual mobile gamers and streamers, to console gamers and esports fans. This exclusive deal with Anzu will give more brands the confidence