Boston Celtics team governor and co-chairman of private equity firm Bain Capital Steve Pagliuca has invested in Indian gaming start-up WinZO, according to Business Insider’s Sanchita Nash.
It is not the Celtics co-owner’s first foray into gaming, as he in an investor in Epic Games, an online game producer and distributor and the creators of the wildly popular game “Fortnight”.
It is however Pagliuca’s first foray into the Indian market, and with WinZO rapidly taking the place of banned Chinese gaming app PubG, it looks poised to take flight.
“We are thrilled to be backed by Steve, an investor of high repute in our growth journey,” related Saumya Singh Rathore, co-founder of WinZO in a statement.
Famous American PE Investor @stevepagliuca invests in @WinzoGames. This is Stephan Pagliuca's first investment in India. Winzo has also announced $1Mn #esop buyback @saumya870 @Nandapavaan https://t.co/2HNSmaXKXq
— TechPluto (@TechPluto) October 30, 2020
“The kind of confidence exhibited by industry experts from across the globe is a testament to the scalable, sustainable and robust business we have built in a very short span of time,” she added.
“[…] This is just the beginning of an exciting journey towards solving social entertainment for Bharat.”
TechPluto’s Girish Shetti reports the investment to be $2 million USD, and appears to be a personal — rather than Bain Capital — investment.
[jwplayer shrwS1CP]
[lawrence-related id=36519,21729,41582,23704]