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WinZO’s Founders Arrested, Meesho & Aequs IPOs Next, And More

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Sports For Life Raises INR 21.6 Cr To Unlock New Users

The startup plans to use the fresh capital to enter into Bengaluru and Delhi NCR, and onboard 10,000+ new users The startup is trying to grow its portfolio from seven to twelve sports, launch a cricket vertical, and strengthen its AI-led platform for performance analytics and match livestreaming SFL raised $1.5 Mn+ from a clutch of investors, including Blume Ventures, Roots Ventures and Kunal Shah’s QED Innovations Lab

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ED Arrests WinZO Cofounders In Money Laundering Case

ED has arrested WinZO’s cofounders Saumya Singh Rathore and Paavan Nanda under the sections of the PMLA The ED summoned the cofounders for interrogation at its Bengaluru zonal office yesterday and the agency took them into custody This comes days after the ED carried out searches at the offices of real money gaming startups GamesKraft and WinZO across Bengaluru, Delhi and Gurugram

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Paytm Payments Services Gets RBI’s Payment Aggregator Licence

In a filing with the exchanges, the fintech giant said that the central bank granted the certification of authorisation to its subsidiary on November 26 This comes three months after PPSL received an in-principle authorisation from the RBI to operate as a PA in August this year This comes weeks after Paytm’s board approved a plan to invest up to INR 2,250 Cr via a right issue in PPSL to support its working requirements and bolster its net worth

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Info Edge To Invest INR 70 Cr In SIHL

Info Edge has approved fresh investments worth about INR 75 Cr (about $8.4 Mn) in two of its wholly-owned subsidiaries, Smartweb Internet Services and Startup Investments (Holding) Limited (SIHL) In a stock exchange filing dated November 26, the company said its Committee of Executive Directors cleared an investment of INR 5 Cr in Smartweb and about INR 70 Cr in SIHL Notably, via SIHL, InfoEdge has made many significant investments that include the likes of Ustraa, Gramophone, Rusk Media, ShoeKonnect , among other

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Junglee Games Parent Flutter Sheds 350 Jobs In Post-RMG Ban Recast

The retained employees will be given roles at Flutter’s Hyderabad-based GCC or will be moved to support the company’s free-to-play model The layoffs come months after the passage of the Promotion and Regulation of Online Gaming Act, 2025, which has put a blanket ban over online real money gaming Junglee Games, which operated Junglee Rummy, discontinued its RMG operations soon after the ban was imposed

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BNP Paribas & Integrated Core Strategies Sell Paytm Shares Worth INR 1,741 Cr

While BNP Paribas Financial Markets sold 1.05 Cr shares at INR 1,260.06 apiece to rake in INR 1,330.7 Cr, Integrated Core Strategies offloaded 32.55 Lakh shares to lap up INR 410.1 Cr This comes a week after another investor Elevation Capital sold 1.19 Cr shares in the fintech major via two block deals for a total sum of INR 1,556 Cr Shares of the fintech giant have rallied 23% on a YTD basis, driven primarily by growing revenues and continuing profitable show in Q2 FY26

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ED Freezes INR 523 Cr Assets Linked To WinZO, Gameskraft & Pocket52

The agency has frozen about INR 505 Cr in bank balances, bonds, FDs and mutual funds linked to WinZO under the Prevention of Money Laundering Act. ED has also seized Gameskraft’s eight escrow accounts, holding around INR 18.57 Cr, as suspected proceeds of crime While WinZO is under radar for alleged cheating and misuse of PAN details, Gameskraft is under scanner for manipulated game outcomes and withdrawal restrictions

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The Swipe Before Type Generation: How India Is Rewriting The Rules Of Attention

Users now spend over ten hours each week on social media, with a growing preference for interactive, live, and creator-driven formats Nearly 40% of these users have made virtual purchases or tips. Even spiritual and emotional categories are seeing a digital transformation The opportunity for builders and investors is clear – building for interactivity is ever more important for a consumer who seeks immersion and personalisation

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Nazara 2.0, Walmart’s PhonePe Woe & More

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Zomato to Share Customer Contact With Restaurants Only After Consent: CEO Mangla

Zomato CEO Aditya Mangla clarified that the plans pertain to a new in-app feature that will allow customers the option to opt-in to receive marketing and promotional updates directly from restaurants they order from thereafter Notably, Zomato was in the final stage of discussions with the restaurants' representative body, the National Restaurants Association of India (NRAI), to allow restaurants to access customers' data This comes when customer data has been a point of contention between the food delivery players and their restaurant partners for some time now

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Nazara 2.0: The Rebuild After A Quarter In The Red

The Mumbai-based listed gaming major reported a loss of INR 34 Cr in the second quarter of the financial year 2025-26 Nazara’s revival rests on the assets that hold long-term value and durable intellectual properties Just as Nazara is tightening its digital strategy, it is also increasing focus on offline businesses, including Smaaash and Funky Monkeys

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[Update] STAN Closes Series A Round At $10.5 Mn

The funding saw participation from Bandai Namco Entertainment Inc, Square Enix and Reazon Holdings, Google’s AI Futures Fund and Aptos Labs The startup plans to use the fresh capital to expand its presence in India and other mobile-dominant markets Notably, gaming major Nazara Technologies acquired a 15.86% stake in STAN for INR 18.4 Cr, in September last year

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ED Raids Gameskraft, WinZO Offices Over Complaints Of Algorithm Rigging

ED carried out searches at the offices of Gameskraft and WinZO across Bengaluru, Delhi and Gurugram today The action followed FIRs from users who claimed that the gaming platforms manipulated their algorithms to put players at a disadvantage The investigators also found crypto wallets allegedly linked to promoters, raising suspicion of possible laundering through cryptocurrencies

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Elevation Capital To Offload Paytm Shares Worth INR 1,640 Cr

The VC firm plans to offload nearly 1.28 Cr shares at INR 1,281 apiece, a discount of nearly 4% from the stock’s last closing price on the BSE Elevation Capital owned more than 15% stake in the fintech major via two affiliate funds at the end of September 2025, pegged cumulatively at more than INR 13,000 Cr Shares of the fintech giant have rallied nearly 16% in the past three months on the back of growing revenues and profitable show in Q2 FY26

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PokerBaazi Writeoff Drags Nazara To INR 34 Cr Loss In Q2

Nazara Technologies plunged into the red in Q2 FY26, posting a net loss of INR 33.9 Cr against a net profit of INR 16.2 Cr in the year-ago quarter The company fell into a loss in the quarter as the real-money gaming ban took its toll on its investment in RMG startup PokerBaazi Operating revenue for the quarter jumped 65% YoY and 6% QoQ to INR 526.5 Cr. In the quarter under review, the company registered an other income of INR 1,104.5 Cr