Winzo Games' Diverse Gaming Strategy Yields Operating Profit Of Rs 120 Cr In FY23

Social gaming platform Winzo Games reported an operating profit growth of Rs 120 crore in FY2023, a surge attributed to its multi-gaming platform approach and micro-transaction model, according to a media report on Friday.

The company also witnessed a revenue growth of 182 per cent from Rs Rs 242 crore in FY22 to Rs 687 crore in FY23. Additionally, the platform was able to attract about 175 million users, within 5 years and collaborated with over 100 game developers.

Despite these numbers, the company is uncertain about the impact of increased GST, which it believes could influence its future financial performance.

Established in 2018, at present Winzo Games has about 150 employees and is gearing up to launch its platform with an investment of USD 25 million in Brazil.

The company since its inception has so far raised USD 100 million from its investors including Kalaari Capital, Griffin Gaming Partners, Maker’s Fund, Courtside Ventures and Pags Group.