Indian social gaming platform WinZo announced that it has given one of its early investors a complete exit for its May 2019 investment. Hike, the former messaging app and rival to WhatsApp in India, received US$12 million from the buyback of its shares. Hike CEO Kavin Mittal / Photo credit: Hike Hike had participated in the gaming app’s US$5 million series A round in 2019 and received 4x returns within a span of 18 months, WinZo said in a statement. This means that Hike had initially invested about US$3 million in WinZo to get US$12 million. The exit comes after Hike shut down its primary messaging business in January and launched Rush, a gaming app that’s similar to WinZo.
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