Entracker

The government’s blanket ban on real-money online gaming is set to affect payment gateways, many of which drew a significant portion of their revenues from the sector. According to industry experts, gaming contributed between 15% and 20% of volumes and 40–50% for some processors.

“Gaming was not just large in size; it was high-yielding. For a few players, half the business has gone overnight,” said an industry insider familiar with the company’s operations.

Real-money gaming was among the most lucrative categories for payment firms due to…

Pharma major Panacea Biotec Pharma Limited is set to acquire nutraceutical brand Power Gummies, according to sources aware of the matter.

“The transaction is close to being finalized. Panacea Biotec will acquire the entire stake in Power Gummies, including its patents and trademarks,” said one of the sources. The person requested anonymity.

Regulatory filings reviewed by Entrackr show that the company is divesting certain assets to Panacea Biotec Pharma Limited, with the proceeds earmarked primarily for debt repayment.

Founded in 2018, Power Gummies…

Head Digital Works, the operator of rummy and poker platform A23, has filed a petition before the Karnataka High Court challenging the newly enacted Promotion and Regulation of Online Gaming Law, 2025.

The law, passed by Parliament on August 21, imposes a blanket prohibition on all forms of online money games while encouraging e-sports and social gaming. In its filing, A23 argued that the legislation effectively criminalises skill-based games such as rummy and poker, putting legitimate businesses at risk of immediate shutdown. 

The company urged the…

FanCode, which is owned by Dream11 parent Dream Sports, is set to shut its online sports merchandise business, FanCode Shop, by October this year.

The move comes after Dream Sports shuttered its real-money gaming operations following the passage of the ‘Promotion and Regulation of Online Gaming Bill, 2025’ in Parliament. FanCode decided in June to close its sports merchandising business and redirect resources to its core content operations, the company said in a statement.

“This will help us focus on what’s growing fastest and delivering the…

Shiprocket is set to raise Rs 220 crore in a pre-IPO placement as part of its upcoming public issue. The logistics and supply chain platform plans to mop up Rs 1,100 crore through a fresh issue, according to regulatory filings accessed by Entrackr.

The Temasek-backed company is reportedly targeting an overall issue size of Rs 2,000–2,400 crore, which will also include an offer for sale (OFS). Its board has cleared a special resolution to issue equity shares worth up to Rs 1,100 crore, including the pre-IPO component.

The move comes soon after…

FanCode, which is owned by Dream11 parent Dream Sports, is set to shut its online sports merchandise business, FanCode Shop, by October this year.

The move comes after Dream Sports shuttered its real-money gaming operations following the passage of the ‘Promotion and Regulation of Online Gaming Bill, 2025’ in Parliament. FanCode decided in June to close its sports merchandising business and redirect resources to its core content operations, the company said in a statement.

“This will help us focus on what’s growing fastest and delivering the…

BharatPe, a financial services and UPI payments company, has announced the launch of Unity Bank BharatPe Credit Card, in partnership with Unity Small Finance Bank (Unity Bank).

The card brings industry-first features designed to make everyday payments including groceries, bill payments, travel, utilities, insurance premiums, and lifestyle spends, both online & offline, smarter and more rewarding. Offered on National Payments Corporation of India (NPCI) RuPay network, the card can be seamlessly linked to UPI, enabling secure and convenient payments…