WinZO Smashes Records with INR 1,055 Cr Revenue and INR 315 Cr Profit in FY24

Muskaan Kapoor

30 Apr 2025 — 3 min read

WinZO Reports INR 1,055 Cr Revenue and INR 315 Cr Profit in FY24

WinZO, India’s largest interactive entertainment platform, announced its audited financial results for the fiscal year ending March 31, 2024, reporting record-breaking revenue and profitability despite a dynamic regulatory landscape. It is noteworthy that FY24 reflects only six months of the impact from the 400% increase in GST on online gaming, which came into effect on October 1, 2023. The full-year financial impact of this revised taxation will be seen in FY25.

Key Financial Highlights (FY24 vs FY23):

Revenue from Operations: INR 1,055 crore (up 70% YoY from INR 619 crore)
Adjusted Profit After Tax: INR 315 crore (up 151% YoY from INR 125 crore)

While the company acknowledged the impact of the revised 28% GST on gross receipts, applicable from October 1, 2023, it noted that the full financial effect will be reflected in FY25.

Strategic Growth Drivers:

Massive User Base Expansion: WinZO has organically grown to 250 million users, capturing ~40% of India’s online gaming audience.
Multi-Game, Microtransaction Platform: With over 50 titles across genres including Carrom, Ludo, 8 Ball Pool, Car-racing etc and strategy games such as Chess & Checkers, WinZO’s platform drives high user retention and diversified monetization.
Developer-Led Monetization: With 50+ developer partners, WinZO delivers superior monetization outcomes versus traditional platforms like Google Play and Apple’s App Store.
Operational Excellence: A lean 200-member team enabled the company to cross ₹1,000 Crore in revenue and INR 300 Crore in profit. WinZO has filed over 50 technology patents, reinforcing its innovation-first culture.
Global Expansion: Following its successful India playbook, WinZO launched in Brazil and now delivers localized, multi-language gaming experiences across 16 languages, setting the stage for global scalability.

Outperforming the Industry: In FY24, WinZO outpaced peers in both growth and profitability:

Revenue growth: WinZO (70%) vs Nazara (4%), Zupee (34.9%), MPL (22%)

WinZO’s community-led, tech-enabled model positions it as the most profitable gaming company in the country, breaking away from the loss-heavy playbooks of its contemporaries.

Joint Statement by Paavan Nanda & Saumya Singh Rathore, Co-founders, WinZO:

"WinZO’s personalized technology offers the most affordable entertainment to 250 million Indians while empowering thousands of creators and developers. We’re not just building a gaming company—we’re shaping a globally scalable ecosystem rooted in Indian innovation. Our ambition is bold: to create a tech powerhouse from India that inspires the world with its innovations and scale alike."

*During FY 2023, the company had transitioned from IGAAP to IndAS accounting methodology. Additionally, there is an expense on account of fair value treatment of CCPS (mandated by Ind AS) as a liability, instead of equity - the impact of this additional expense for FY2023- 24 is INR 999 crores.

About WinZO

WinZO is India’s first and largest interactive entertainment platform, with over 250 million registered users across India and Brazil. Hosting 50+ third-party casual games in 16 languages, WinZO has built a vibrant community of 75,000+ micro-influencers, game streamers, and freelancers, primarily from India’s Tier II–V cities. WinZO is a pioneer in gaming-for-good initiatives, such as 'Play to Prevent Cancer,' partnering with Tata Memorial Hospital to establish a Gene Counseling Center and advance early cancer detection awareness. Facilitating 1 in every 200 United Payment Interface (UPI) transactions in India, WinZO is a series-C funded venture, having raised USD 100 million from leading global investors including Kalaari, Griffin Gaming Partners, Courtside Ventures, and Makers Fund—their first investment in the Indian startup ecosystem.