Zupee: Play Ludo Watch TV.
Credit: Apple App Store
Bengaluru: Online gaming platform Zupee is firing 200 employees as part of a restructuring exercise. Recently, the startup had cut around 170 jobs after the Promotion and Regulation of Online Gaming Bill, 2025, proposed a ban on all real money gaming (RMG).
Though the startup did not respond to queries, Zupee founder Dilsher Singh Malhi has reportedly said that they continue to align the organisation with long-term priorities and some changes are necessary to ensure the business remains sustainable and future-focused.
Founded in 2018 by Dilsher Singh Malhi and Siddhant Saurabh, the platform provides access to skill-based casual games. According to Tracxn, Zupee has raised $122 million in funding from investors like WestCap, Z47 and AJ Capital Partners.
The startup was valued at $600 million in 2022.
The Bill classifies ‘online money game’ as an online game, irrespective of whether such a game is based on skill, chance, or both, played by a user by paying fees, depositing money or other stakes in expectation of winning, which entails monetary and other enrichment in return for money or other stakes; but shall not include any e-sports.