Microsoft explores investment in Indian gaming platform Zupee • TechCrunch

Microsoft has held chats to invest in India’s Zupee monetization gaming platform in recent weeks and proposed to lead a round of more than $100 million, two people familiar with the matter said. to TechCrunch, this is the latest in a series of bets from Windows. – the manufacturer expands its cloud business in key overseas markets.

The two companies have not reached an agreement and there is a reasonable chance that the deal will not materialize, the sources said. A group within Microsoft has expressed optical apprehension around the betting and advised the global tech giant to stay away from the deal, one person briefed on the details.

Zupee declined to comment. Microsoft did not respond to a request for comment late last month. Like many other startups including Oyo In which Microsoft has invested in India.

New Delhi-based Zupee — which has raised more than $120 million to date, including about $100 million in a Series B round it closed in January of this year — operates what it describes. described as a “skill-based casual game” platform. The company, last valued at $600 million, has amassed more than 70 million downloads across more than a dozen games covering themes around cricket, football, chess, rummy, and tabletop titles.

In January, it formed a “strategic first” partnership with Jio Platforms, India’s largest telecom operator with over 420 million subscribers. The two companies will work to build an “ecosystem that will facilitate the faster and more efficient development and delivery of products and services,” Zupee said in an earlier press release.


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