Friday, September 23, 2022

Winzo File a Claim Against Google for Not Authorising Non-Rummy Games on Play Store

Winzo File a Claim Against Google

Winzo Games Latest Startup News

Winzo, the producer of Poker and Rummy like games application said on Tuesday it was filing a complaint against Google in Delhi High Court that "Google is discriminating and is not authorising Non-Rummy games on the Play Store. Winzo says that Google is partial and it only permits Rummy and unrealistic sports games on the app store. 


Winzo also claims that Google, which is not against gambling and betting in India is doing discrimination against them by not allowing real money-making apps on the play store. Google has declared recently that it was doing a one-year pilot with the Rummy and Dream Sports app. 

Why is Winzo so upset with Google? & What was the Major Issue that Caused the Rift Between Winzo and Google? 

All this started in March of this year. Winzo sued Google in March because of the warning that Google Chrome used to show every time on the cell phones, whenever someone attempts to download the Winzo application that says "Document may be destructive". This was the common warning that used to display among most of the individuals who were about to download this real money-making app, Winzo. 


Recently, Winzo again filed a claim against Google on 20th September for not authorising Winzo games and fantasy games on Play Store. Winzo is one of the numerous industry players like MPL and Zupee who have declared Google's pilot policy with Rummy and fantasy games erratic, biased and prohibitive. Winzo and the other organisations declared this in front of the media in its most recent suit.

If You are Wondering What was the Reaction of Google on Winzo's claim? Here it is;

Google refused to remark: The organisation has never restricted any of the real cash gaming applications on the Play Store. Another hearing of this case was on 22nd September (Thursday).


In the court records collected by Entrackr, the lawyers from Google's side told that this claim was "waggish, meaning-less and reductant" quarrelling that Google Chrome and all the other browsers display a similar warning for all the APK files that are being downloaded from the platforms other than Play Store. The lawyers from Google's side said that the IT Rules 2021 permitted it to show that brief as a safety effort.


Google presented the reviews from Winzo's iOS application, which is also accessible on the Play Store, where various customers claims about being deceived by the real money gaming apps or incapable to clear out their money or withdrawals.

What does the Co-founder of Winzo Comment about the Situation with Entrackr? 

Saumya Singh Rathore, the co-founder of Winzo told Entracker that Google's narrow scope for this pilot strengthens monopolies organised by fantasy game companies such as Dream11 and harms the producers like Winzo that have many real cash game ideas in their applications.


Rathore also told Entracker that the warning shown by Google Chrome while downloading this real money gaming app was making 75 out of 100 customers, who initiate to downloading the app yet change their mind after seeing the warning. 


You may also like: Fast Food Chain Wow! Momo Raises $16 Million in Series D

Wrapping Up 

Winzo has filed a claim against Google for allegedly breaching antitrust law by not allowing developers to use non-rummy card games in their Play Store. The court's final decision is yet to come. The battle between Winzo and Google is still fresh and will pose to be an interesting one. Be connected with us at Entrackr for the latest startup news and also about this hot topic in the market.

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Entrackr is an amazing media platform for startups, business visionaries and tech fanatic individuals. We cover all the latest startup news such as startup funding news and tech startup news.

Thursday, September 8, 2022

Fast Food Chain Wow! Momo Raises $16 Million in Series D

Wow! Momo Raises $16 Million

Wow! Momo Latest Startup Funding News

Wow! Momo is a quick service restaurant chain founded in August 2008 by a group of entrepreneurs led by Kunal Bahl. They are expanded to over 19 cities and have 425 outlets in India. This startup basically provides everything related to momos only like momo-filled burgers and its desserts also. The company has raised close to $8 million in Series A round of funding led by an individual investor. This Series D round of funding is led by V’oceanInvestment and Oaksand India.

Wow! Momo is headquartered in Kolkata, India with operations in Mumbai, Chennai and more 16 cities. Wow! Momos aims to grow their fast food joint to be an IPO and compete with McDonald’s and Dominos like fast food restaurant chains. The company is rapidly expanding in the country. Mohit Bhargava, an IIT Bombay alumnus, co-founded and incubated the company before crossing the Rs1 crore revenue mark in just three months. 

This startup Wow! Momo has now raised a Series D round of funding. The current funding round is worth Rs 125 crore or $16 million. This most recent round of funding for Wow! Momo brings their total funding to $41 million. Wow! Momo is the first quick service restaurant chain in India to adopt a service-oriented design, which was introduced by Apple.

This startup has raised $16 million in a round led by Tree Line Investment Management. This latest round will take the company to a total of $70 million. In October, Wow! Momo Foods launched its newest range of products at the 35th China Food Expo. The company plans to use the amount to expand its outlets.

Wow! Momo is the first and only QSR serving the Chinese market. It has been established since 2008 and is based in Mumbai. Their food is a blend of East, East and East. Wow! Momo specializes in Chinese cuisine. It is mainly a QSR chain which prepares foods such as fried rice, pork buns, noodles, and wonton. This QSR chain is found in India and Nepal too. It has three QSR brands, Wow! Momo and Wow! China and Wow! Chicken. It is one of the leading QSR chains in India and Nepal.

On 26th March 2016, the startup announced that it has raised $16 million (Rs 100 crore) led by venture capital firm Accel and was seeking to raise another $10.6 million (Rs 70 crore) in the Series D round of funding. As per Fintrackr estimates, Wow! Momo has raised fresh investment at a valuation of $270 million or Rs 2,130 crore post allotment. As per Fintrackr's estimates, Wow! Momo's valuation grew more than 60% in the past year as it was valued at $165-170 million in its Series C round.

Also read: Top Benefits of Virtual Workspace

Wrapping Up

Wow! Momo raised ₹44 crore from Lighthouse funds in 2017, in 2018 they raised 300 crore (US$45 million) from Fabindia, In 2019 130 crore (US$23 million) from Tiger Global Management. So currently, this startup’s financial valuation has crossed 860 crore (US$120 million). Wow! Momo has not filed its financial statements for the last fiscal year but its revenue from operations shrank 36% to Rs 106 in FY21. Meanwhile, the company’s losses ballooned 17X to Rs 59.3 crore in the fiscal year marred with the pandemic.

Follow one of the best platforms for the latest startup news, Entrackr to get all the latest happenings in the startup world.