New Delhi: Online gaming startup Quizbee, a new entry in the quiz space has recently launched their real money gaming application catering to quizzing enthusiasts in. It announced that it has raised undisclosed amount of funds through seed funding led by Kanodia Group, a pioneer in the Cement Industry.
“Quizbee team has built an application that has the capability to create India’s leading real money social gaming community. Quizbee has fostered an inclusive, welcoming and safe community for friends, family and students to play and learn together. It enables the users to gain knowledge through entertainment. We look forward to working with the team as they grow this application and take it to next level,” Vishal Kanodia, Managing Director, Kanodia group, said.
With a focus on competitive multiplayer gaming experiences, Quizbee aims at providing knowledge based gaming experience and cash prizes based upon the user’s knowledge. Its promoters say that this platform enables the users to compete live with other players for real cash prizes by properly and swiftly answering questions.
“We all know that there are very few real money gaming applications in the educational domain which are good, we intend to cater in this space and our goal is to have both casual and serious gamers engaged in a game which improves their knowledge as well. Thus, Quizbee has clear edge over other online gaming platforms,” Amit Khaitan, a leading industrialist and the man behind Quizbee, said.
According to Khaitan, Quizbee is a platform, where people will use their knowledge of educational subjects or even sports and movies to compete against other knowledgeable opponents and earn real money in the process.
It may be mentioned that the online gaming market is set to witness 2.9 billion players worldwide by this year-end. According to a report by consulting major KPMG, the Indian online gaming market is expected to grow 113% to Rs. 290 billion (or roughly $3.91 billion) by 2025 from Rs. 136 billion (roughly $1.83 billion) in FY21. During the period, these gaming platforms are expected to attract 657 million users compared with 433 million now.
People who wish to compete will benefit from the platform since it allows users to track their own development by competing against others, stated the start up in a release. It further claimed that Quizbee is also a fantastic way to pass the time “because there are interesting categories like sports and movies where individuals may compete with others and win money if they know a lot about the subject”. Every room has a very small entry fee and the prize pool for the room gets created based on the entry given so as the user base grows the prize pool has the potential to reach lakhs of rupees”.
– global bihari bureau
