Moneycontrol
    Moneycontrol PRO
    LAMF
    LAMF

    Winzo

    Jump to

    • ED attaches $55.69 million in overseas accounts linked to Winzo

      ED alleges real-money users were matched against bots without disclosure; total proceeds of crime pegged at Rs 3,522 crore

    • ED freezes fresh Rs 192-crore deposits of WinZO in money laundering case

      In November, the agency had arrested the founders of WinZO -- Saumya Singh Rathore and Paavan Nanda following their questioning at the Bengaluru zonal office of the ED.

    • WinZO PMLA case: Court grants bail to Saumya Singh Rathore, rejects Paavan Nanda's plea

      WinZO co-founders Saumya Singh Rathore and Paavan Nanda were arrested by ED on money laundering charges in November 2025. The agency also froze company assets worth around Rs 505 crore.

    • 2025 was the year real-money gaming died in India. What next?

      Whether the government’s regulatory reset will help make India a global gaming powerhouse or simply shift users, capital, and talent elsewhere remains an open question.

    • WinZO approaches Karnataka HC challenging ED's raid, asset freeze

      ED arrested co-founders Saumya Singh Rathore and Paavan Nanda on money laundering charges in November 2025. It also froze company assets worth of around Rs 505 crore.

    • WinZO's mobile app and website go under 'maintenance' due to server disruption

      WinZO's app and website outage comes at a turbulent moment for the company, which is already dealing with a crisis following the recent arrest of co-founders Saumya Singh Rathore and Paavan Nanda.

    • WinZO co-founders Saumya Singh Rathore, Paavan Nanda arrested by ED in PMLA case

      Earlier this month, ED searched four WinZO locations in Delhi and Gurugram and froze assets worth of around Rs 505 crore

    • ED freezes Rs 520-crore assets linked to real-money gaming firms WinZO and Gameskraft after probe

      The ED stated it initiated the investigation based on FIRs filed against the firms on the grounds of cheating, blocking of accounts, impersonation, and misuse of PAN

    • ED raids Gameskraft, WinZO in Bengaluru, Delhi, Gurugram over alleged algorithm rigging, crypto trail

      FIRs by victims allege these gaming firms manipulated app algorithms to disadvantage players; searches also found promoter-linked crypto wallets, indicating possible laundering through cryptocurrencies, sources told Moneycontrol.

    • RMG ban effect: WinZO forays into gold investments after microdramas ahead of Dhanteras

      WinZO's digital gold feature will help the gaming platform further diversify its offerings after the government's ban on real-money games

    • WinZO turns to micro dramas, US expansion after India's real-money gaming ban

      WinZO's US expansion comes two years after its foray into Brazil in October 2023, following the government's introduction of a 28 percent GST on real-money gaming apps.

    • WinZO's FY24 revenue jumps 70% to Rs 1,055 crore; profit up 151% to Rs 315 crore

      WinZO is benefiting from a significant expansion of its user base, which has now grown to 250 million users, bolstered by its global expansion efforts.

    • WinZO signs 2-year MoU with DPIIT to support gaming startups, students

      The collaboration intends to build an ecosystem of over 2,000 startups, innovators, and students, providing them with mentorship, industry insights, and access to global opportunities

    • Skill gaming firm WinZO concludes 4th round of ESOP buyback

      WinZO stated that the ESOP buyback is a part of the skill gaming firm's efforts to attract and retain top technology and product talent amid ongoing headwinds in the sector including 400% GST increase.

    • WinZO, DPIIT's Startup India select 18 gaming startups to showcase at global stage

      Selected games are from diverse categories and genres including cricket, mythology, puzzles, racing, physics-based challenges, and chess.

    • Skill gaming firm WinZO's FY23 revenue jumps 182% to Rs 687 crore

      WinZO, which claims to have a portfolio of over 100 games, is benefiting from significant growth in its micro transactions model.

    • WinZO selects 10 titles for export initiative featuring Made-in-India games

      The games on list include those inspired by Ramayan and Mahabharat and the Chola Empire. A temple construction simulation and a virtual reality cricket experience games are also on the export list

    • WinZO launches new initiative to facilitate export of Made-in-India games

      WinZO will back research in deep tech for social gaming and cybersecurity and provide resources such as infrastructure, access to real-world data and scenarios, apart from real-time game engines.

    • WinZO partners with IITs, other varsities to develop model that can determine games of skill

      The statistical model can be applied to any real-money game without requiring access to proprietary data or violating the IP rights of gaming companies to assess its skill level.

    • WinZO forays into Brazil, to invest $25 million on expansion

      WinZO will enable over 100 developers to offer their mobile games to users in the Brazil market. This launch comes after India implemented 28% GST on real-money gaming sector.

    • WinZO saw 40 billion micro transactions in FY23; eyes 55 billion in FY24

    • WinZO debuts cybersecurity programme to develop open-source technologies

    • WinZO debuts $50 million fund to back gaming, interactive entertainment startups

    • WinZO's new software developer kit makes it easier for developers to onboard new games

    • WinZo challenges Google policy to allow select fantasy, rummy game apps on Play Store

    Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347