Gamezop, Indian smartphone gaming platform has raised $350K in a seed round led by Kwan, Indian talent management firm. The round also saw participation from Anand Chandrasekaran (Snapdeal), Phanindra Sama (Ex Redbus), PowerHouse Ventures (United States), TracxnLabs, AECAL (Germany) and Vinay Menon.
The startup was founded in 2015 by Yashash Agarwal and Gaurav Agarwal. It aggregates short and addictive games which are already live in a single app. It gives users the flexibility of using their smartphone storage in a better way, as the app does not need them to install every single game which they play.
Speaking on this development, Anirban Das Blah, MD Kwan (Lead investor in the round) said that Gamezop has been trying to do something unique in the market and Kwan is also in the domain of helping users find better content and products to engage. He feels that Gamezop has the potential to change the approach of gaming industry in India and to be a part of their journey as the lead investors will have great returns for Kwan as well.
According to studies, Indian gaming market is growing at 135% every year and it is expected to touch $600 million this year.
Talking on the development, Yashash said that the focus is on getting more and more games on the platform as HTML5 has picked up pretty much in the recent times. Also, the users prefer content-light platforms in the digital consumption space. We are giving users a chance to play their favorite games without the need of them downloading that particular app.
Gamezop was a part of GSF accelerator’s latest batch and got the first backing from GSF’s founder, Rajesh Sawhney.