Gaming Platform Quizbee Raises Funds From Kanodia Group The company's goal is to reach 10 million users over the coming year

By Prabhjeet Bhatla

Opinions expressed by Entrepreneur contributors are their own.

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Quizbee

Online gaming startup Quizbee on Wednesday announced that it has raised an undisclosed amount of funds through pre-Seed funding led by Kanodia Group.

Quizbee, a new entry in the quiz space has recently launched their real money gaming application catering to quizzing enthusiasts. With a focus on competitive multiplayer gaming experiences, Quizbee's mission is to provide a knowledge-based gaming experience and cash prizes based upon the user's knowledge. This platform enables the users to compete live with other players for real cash prizes by properly and swiftly answering questions. 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.

"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 a clear edge over other online gaming platforms," said Amit Khaitan, chief executive officer, Intelligence Game Pvt. Ltd.

"This funding will enable the Quizbee team to invest further in marketing to increase the user base. The fund will be used for making the application more visible in the real gaming space along with the improvement of user experience on the application. Our goal is to reach 10 million users over the coming year with an expected daily active user base of over a million. We intend to become the top performers in the knowledge base real money gaming space," shared Abhinav Anand, chief technology officer, Intelligence Game Pvt. Ltd.

"Quizbee team has done a great job in bringing the application to life quickly'. In a short period, they've built an application that can 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," added Vishal Kanodia, managing director, Kanodia Group.

The market, which 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 per cent to INR 290 billion by 2025 from INR136 billion in FY21. During the period, these gaming platforms are expected to attract 657 million users compared with 433 million now.

Prabhjeet Bhatla

Former Staff

Business Ideas

70 Small Business Ideas to Start in 2025

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2025.

News and Trends

Quick commerce keeps India's food delivery space hot

Delivering fresh food in 10 minutes remains operationally complex but quick commerce firms and platforms are going for it.

Leadership

Leaders Aren't Judged on Effort — They're Judged on Their Judgment. Here's How to Sharpen Yours.

The higher you go, the less you know — and the more every call can define your career.

News and Trends

GVFL and Malpani Ventures lead ₹4.5 crore pre-seed round in DOCO

DOCO was founded by Jitendra Yadav and Nishant Agarwal in 2023 as a rural Distribution-as-a-Service (Rural DaaS) platform with an aim to enable fast-moving consumer goods (FMCG) brands to efficiently reach rural and semi-urban markets through a tech-driven network of dark stores and local partners.

News and Trends

Nyayanidhi Raises $2 Mn in Seed Funding Led by 3one4 Capital

Founded in 2024 by Adithya LHS, Chakshu Masagali, and Pratik Pany, graduates of NIT Surathkal, Duke University, and Georgetown Law, Nyayanidhi uses artificial intelligence and automation to make legal documentation, translations, and filings 10 times faster and more reliable.

Growing a Business

10 Growth Strategies Every Business Owner Should Know

Effective growth strategies are vital for businesses aiming to achieve sustainable growth and long-term success.