Zupee - About the company
Zupee is a series B company based in Gurugram (India), founded in 2018 by Dilsher Singh Malhi, Siddhant Saurabh and Nishant Tripathi. It operates as a Developer of digital board games and skill based mobile applications. Zupee has raised $122M in funding from investors like WestCap, Z47 and AJ Capital Partners, with a current valuation of ₹*****. The company has 767 active competitors, including 29 funded and 11 that have exited. Its top competitors include companies like MPL, Games24x7 and Playgama.
Company Details
Developer of digital board games and skill based mobile applications. The software provides various game formats including board games and card games for mobile and desktop devices. These applications utilize random number generation to determine outcomes and allow participants to engage in competitive matches. The software is accessible through digital application stores and supports multiple operating systems.
- Website
- www.zupee.com/
- Social
- Email ID
- *****@zupee.com
- Registered Address
- Apeejay Business Centre, 6th Floor, Arunachal Building, Barakhamba Road, Connaught Place, Connaught Place, Central Delhi, New Delhi, Delhi, India, 110001
Key Metrics
Founded Year
2018
Location
Gurugram, India
Stage
Series B
Total Funding
$122M in 6 rounds
Latest Funding Round
Post Money Valuation
₹***** as on Mar 28, 2023
Ranked
1st among 767 active competitors
Annual Revenue
₹1,000+ Cr as on Mar 31, 2024
Employee Count
199 as on May 31, 2026
Legal entities associated with Zupee
Zupee is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
Cashgrail Private Limited CIN: U72900DL2019PTC418467 , India, Active | Nov 28, 2019 | ₹1,000+ Cr (As on Mar 31, 2024) | 199 (As on May 31, 2026) |
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Zupee's funding and investors
Zupee has raised a total funding of $122M over 6 rounds. Its first funding round was on Apr 10, 2019. Its latest funding round was a Angel round on Mar 28, 2023 for $*****. 1 investor participated in its latest round. Zupee has 14 institutional investors and 14 angel investors.
Here is the list of recent funding rounds of Zupee:
Filter this list
Filter this listDate of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Mar 28, 2023 | 1315071 | Angel | 7852104 | 2855437 | 9565063 | 6857269 |
Jan 05, 2022 | 9804701 | Series B | 6413114 | 1358788 | 4181385 | |
Aug 17, 2021 | 7062352 | Series B | 2951395 | 6904276 |
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Zupee's founders and board of directors
Founder? Claim ProfileThe founders of Zupee are Dilsher Singh Malhi, Siddhant Saurabh and Nishant Tripathi. Dilsher Singh Malhi is the CEO of Zupee.
Here are the details of Zupee's key team members:
- Dilsher Singh Malhi: Co-Founder & CEO of Zupee and founder of 2 other companies, Zupee and Zupee. They are also an angel investor in 1 startup and serve on the board of 1 company.Contact Info: 1 email address and 2 phone numbers
- Siddhant Saurabh: Co-Founder & CTO of Zupee and founder of 2 other companies, Zupee and Zupee. They serve on the board of 1 company.Contact Info: 3 email addresses and 1 phone number
- Nishant Tripathi: Founder’s Office of Zupee.
Zupee's Board of Directors
Zupee's board has 2 active members. Dilsher Singh Malhi and Siddhant Saurabh are part of team.Here is the list of Zupee's board of directors:
Name | Type | Representing | Status | Duration |
|---|---|---|---|---|
Team | - | Current | 6y 9m | |
Team | - | Current | 6y 9m |
View details of Zupee's Founder profiles and Board Members
Zupee's employee count trend
Zupee has 199 employees as of May 26. The total employee count is 57.0% lower than what it was in May 25. Here is Zupee's employee count trend over the years:
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Zupee's Competitors and alternates
Top competitors of Zupee include MPL, Games24x7 and Playgama. Here is the list of Top 10 competitors of Zupee, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Developer of digital board games and skill based mobile applications | $122M | 75/100 | ||
2nd | Operator of an online platform providing real money skill-based gaming | $401M | 72/100 | ||
3rd | Operator of a platform providing Rummy, Fantasy Sports, and Ludo | $98.1M | 70/100 | ||
4th |  Playgama 2023, Dubai (United Arab Emirates), Seed | Provider of online gaming platform | $3M | 66/100 | |
5th | Mobile gaming platform to discover mobile games | - | - | 62/100 | |
6th | Provider of online gaming platform | $15M | - | 57/100 | |
7th | CrazyGames 2013, Leuven (Belgium), Funding Raised | Operator of a platform providing free browser-based online gaming options | - | 56/100 | |
8th |  GameClub 2018, New York City (United States), Acquired | Independent video game development studio | $7.1M | 54/100 | |
9th | Operator of a platform providing instant-play games across multiple categories | $4.99M | 51/100 | ||
10th |  Skillprint 2018, Oakland (United States), Seed | Online mobile gaming platform developer | $3.5M | 50/100 |
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Zupee's Latest cap tables and shareholding
Founders own 26.05%, Funds (largest shareholder) own 53.06%, Enterprises own 14.83% and Angels own 0.74%. The net worth of Zupee's founders is INR 691Cr as of Mar 28, 2023.
Shareholders Name | Post Round Holding % | Net worth | Cumulative Investment | Realised Returns | Unrealised Returns | Return Multiple |
|---|---|---|---|---|---|---|
Founder | 26.05% | 691Cr | 5620499 | 5061938 | 9325993 | 8472335 |
2547220 | 4007818 | 3892383 | 9313857 | 6837384 | 5951054 | |
2750518 | 7270023 | 9682671 | 5598003 | 3297457 | 3440241 | |
Fund | 53.06% | 1,410Cr | 6723698 | 5847751 | 4149885 | 5319153 |
9910459 | 8974371 | 1112704 | 3325006 | 1890638 | 7809011 | |
5289849 | 5204311 | 7665745 | 1988657 | 9183763 | 5475774 | |
599511 | 874568 | 341225 | 764641 | 316228 | 582578 | |
Enterprise | 14.83% | 393Cr | 6353606 | 6879279 | 9243935 | 8411087 |
Angel | 0.74% | 19.5Cr | 0 | 0 | 0 | 0 |
0 | 0 | 0 | 0 | 0 | 0 | |
Other People | 5.32% | 141Cr | 37953 | 14028 | 73159 | 11416 |
Total | 100.00% | 2,650Cr | 4653879 | 5414093 | 6529036 | 6469675 |
To unlock detailed Cap Table of Zupee Sign up today!Notes: The column Net Worth represents the net worth of investments made by that entity, as per the latest cap table.
DisclaimerView more details of Zupee's Shareholding
Zupee's Investments and acquisitions
Zupee has made 1 investment in Anthriq and acquired Vertical and Nucanon.Here is the list of these investments and acquisitions:
Reports related to Zupee
Here is the latest report on Zupee's sector:
News related to Zupee
Filter this listMedia has covered Zupee for a total of 9 events in the last 1 year, 2 of them have been about company updates and 1 about partnerships.
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1,700 jobs lost in Indian startup layoffs in Q1, AI adoption redefines hiring in tech adjacent environmentFinancial Express•Apr 13, 2026•Zupee, Flipkart
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Zupee lays off 200 in second round of job cuts after real money gaming banIndiatimes•Jan 30, 2026•Zupee
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Zupee breaks into Apple's top 10 free board games worldwide with 4.5 ratingThe Tribune•Dec 05, 2025•Zupee
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Indian gaming giant Zupee acquires Jason Calacanis-backed Sydney AI storytelling startupStartup Daily•Nov 28, 2025•Zupee
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Massive layoffs by this company in India! going to sack 30% of its total workersIndia.com•Sep 12, 2025•Zupee
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Zupee introduces micro dramas, subscriptions after real-money gaming banMoneycontrol•Sep 09, 2025•Zupee
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