New Delhi (India), January 23- We Founder Circle (WFC) – a founder-backing-founder based early-stage start-up investor has led a SEED round worth USD 270k, in Quizy, India’s first Hinglish real money gaming app owned by Nostaga Technologies Pvt Ltd. Founded in 2021 by Amit Kumar & Sachin Yadav, the company had previously raised a pre-seed round by 100X VC from their class 04 cohort. Including the current fundraise, the brand has raised a total of USD 305K, till date.
The investment round led by We Founder Circle witnessed participation from multiple institutional investors like FAAD Network, Anchorage Capital Partners, Capital A & Dholakia Ventures. The round also had a stellar set of Angels including Rohit Raj (Founder, The Glitch), Aneesh Sivakumar (Director, KKR), Sudhir Kamath (Founder, Ungli Games), Ganesh Rao (Partner, Tri Legal), Roshan Abbas (Founder, Kommune India & a Television personality) besides few more angels.
“Gaming industry has been awaiting a much-needed disruption, and Quizy comes with exactly what was required. Where most of the games cater to a particular age, Quizy is for people from all walks of life, thus catering to a wider audience. With its unique model, we believe it will achieve what it aims at. Additionally, with its fine technology and interface, it will soon climb up to the top choices of people.” said Ms. Bhawna Bhatnagar, Co-founder, We Founder Circle.
Speaking on the fundraise Mr. Amit Kumar- Co-Founder, Quizy said, “Quizzing has always been fun where people get to learn too. But now Quizy is creating an opportunity to earn as well. At Quizy, we make the meaningful value of people’s device time by incentivising their efforts where they learn about trending topics/news all in the form of quizzes because this is the age of Content & Information. We are well poised to disrupt the Information Gamifying Business. We are excited and grateful to have amazing partners in the journey who believed and are backing us in the journey.”
The brand plans to exhaust 60 % of the raised investment in hiring exceptional talents, and the remaining in acquiring new users and retaining the existing ones.