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.