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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. ....
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-chair of Bain Capital and early investor in Epic Games, Stephan Pagliuca; Singapore-based Makers Fund; and New-York based, Courtside Venture in September 2020, taking the total fundraise tally for the three-year-old startup to $38 million. ....
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 times returns within a span of 18 months, the company said in a statement. ....
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 startup to $38MM. This exit transaction, which has received a nod from the Ministry of corporate affairs (MCA), saw WinZO buy back Hike’s share for USD12 million, making it one of the largest buy back transactions by an early-stage start-up in the Indian start-up ecosystem. Hike had earlier participated in the USD5 Million Series-A funding in WinZO back in 2019 and has received 4X ....
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 WinZO in September 2020, taking the total tally for the three-year-old startup to $38 million. ....