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WinZO’s Founders Arrested, Meesho & Aequs IPOs Next & More
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Dark Times For WinZO
In a dramatic turn, the Enforcement Directorate (ED) yesterday arrested WinZO’s cofounders Saumya Singh Rathore and Paavan Nanda. So, how did the founders, once hailed as the gaming industry’s pioneers, go from the spotlight to the custody of the agency?
Tracing The Timeline: The arrests followed a string of ED raids and the freezing of nearly INR 505 Cr in assets tied to WinZO. The agency alleges that the company continued operating real-money gaming (RMG) platforms for…
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