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New Deal


Announced

Completed

Nepean Capital led a $102m Series B funding round in Zupee.

Financials

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Transaction Value£75m
Consideration TypeCash
Capital Owned-
Capital Bid For17%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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Minority

Acquisition

Cross Border

Friendly

Gaming

game developer

India

Private

Venture Capital

Completed

Private Equity

Synopsis

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Nepean Capital, a fund manager, led a $102m Series B funding round in Zupee, a skill-based casual gaming company. Additional investors include WestCap, Tomales Bay Capital, AJ Capital, Matrix Partners India and Orios Venture Partners. The funds will be utilised for developing new products, enhancing immersive design experiences, expanding into new geographies, ramping up marketing, reach, penetration, research and innovation, and hiring top talent to further Zupee’s ambition of building a platform rich with possibilities and meaningful connections. In 2022, Zupee will continue to develop new forms of purposeful entertainment that can engage, empower and entertain the users.

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