Nostaga Technologies Pvt Ltd, which operates real-money gaming app Quizy, announced Thursday that it has raised $270,000 in a seed funding round led by We Founder Circle with participation from FAAD Network, Anchorage Capital Partners and Capital A & Dholakia Ventures.
Angel investors including Rohit Raj (Founder, The Glitch), Aneesh Sivakumar (Director, KKR), Sudhir Kamath (Founder, Ungli Games), Ganesh Rao (Partner, Tri Legal) and Roshan Abbas (Founder, Kommune India) have also contributed to the funding round, Quizy said in a statement.
Quizy previously raised pre-seed funds from 100X VC and has so far raised $305,000 cumulatively.
The startup will use 60% of the new capital to hire and the rest to acquire new users and retain existing ones, according to the statement.
Quizy, which was founded last year by Amit Kumar and Sachin Yadav, is a real-money based gaming platform that seeks to create an ecosystem where learning about the latest topics and trends becomes fun. and rewarding.
“At Quizy, we value the time spent on people’s device by incentivizing their efforts where they discover trending topics/news, all in the form of a quiz,” co-founder Kumar said in the release.
The larger gaming space has attracted considerable investor interest over the past few years.
Earlier this month, Zupee closed its Series B funding round at $102 million (Rs 760 crore), valuing the startup at $600 million.