The ban on real-money gaming (RMG) in 2025 crushed the sector. WinZO, once the sector’s golden child, saw its cofounders get arrested, INR 800 Cr worth of assets frozen, and 70% staff vanish amid the clampdown. So, how did it all go wrong for the battered gaming giant?
In ED’s Crosshairs: WinZO’s woes erupted right after the ban. In November 2025, the ED raided multiple offices of the company over allegations of money-laundering. Investigators alleged that WinZO illegally operated RMG platforms in Brazil, the US and Germany using the same India-based entity post-ban and diverting $55 Mn to a US-based shell company.
Then, there are also FIRs that allege cheating, PAN misuse, KYC fraud and pitting users against bots without disclosure.
The Crisis Deepens: With INR 700-880 Cr frozen and just INR 15 Cr in liquid cash, WinZO now runs with minimal office staff. The online gaming startup is also under fire for unpaid salaries, vendor dues and an insolvency plea. Zo TV, its post-ban short-video bet, is showing “zero progress” on content or operations.
The Fight For Survival: WinZO is running on fumes as it grapples with mounting legal bills and vendor lawsuits. Cofounder Saumya Rathore has moved courts to shift ED’s probe to Delhi and quash the agency’s ECIR. With little revenue in sight, overseas operations face permanent shutdown if shell entity charges stick. Cofounder Paavan Nanda remains jailed while skeletal teams chase ‘zero progress’.
Meanwhile, legal experts are scrambling to bulletproof overseas structures as investor confidence evaporates across India’s battered online gaming sector. Amid this backdrop, can WinZO’s legal manoeuvers help it resurrect before total collapse? Let’s find out…
Space missions are fragmented nightmares. Researchers juggle multiple vendors for payloads, integration, launch coordination, ground stations, and data retrieval. This burns time and money. Enter Catalyx Space, a startup trying to fix this chaos.
One-Stop Orbital Shop: Founded in 2024, Catalyx Space provides unmanned space laboratories, re-entry capsules and a vertically integrated spacecraft platform. Its flagship Cosmotron satellite bus lets customers integrate payloads and access mission data directly via a web portal supported by a ground-station network.
Catalyx Lifts Off: In 2025, Catalyx partnered with over 26 space missions, launched one orbital satellite, and completed a successful drop test of its REX re-entry capsule from 14,000 ft. The startup plans to demonstrate a 50-kg-class Cosmotron platform in early 2026.
Backed by $7.1 Mn funding from marquee names, the Ahmedabad-based startup is eyeing a piece of the global space logistics segment, which is on track to hit nearly $18 Bn by 2030. Can Catalyx become the logistics backbone for the new orbital economy?
India’s healthtech landscape is entering a new chapter. This time, the shift is being led not just by startups, but by big tech giants building the next generation of preventive, personalised and data-driven health solutions.
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