Online gaming platform WinZO has acquired a majority stake in mobile gaming platform Upskillz Games in an all-cash deal, the amount of which has not yet been revealed. WinZO’s acquisition of the start-up provides Upskillz Games with new blockchain and Web3 offerings to its platform.
“The unparalleled innovation-based approach at WinZO makes it destined to be the top player of this $1.5 billion rapidly growing industry in India,” said Mannit Sidhu, Founder of Upskillz Games. “Having the proponents of these same values at Upskillz, makes this association with WinZO a natural one. Together, we are committed to develop world-class gaming titles powered by modern technology for users in India and globally.”
Both companies will work together to conceptualize and develop new games, adding to the more than 100 online games WinZO currently offers.
(All information was provided by Inc42)