Gaming sector on losing streak; Vizag’s data centre gold rush

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In a jolt to the Indian gaming sector, the founders of Winzo Games were arrested in a money laundering case. This and more in today’s ETtech Top 5.

Also in the letter:
■ CarTrade, CarDekho deal talks fail
■ Swiggy disputes business loss claims
■ Apple vs antitrust law


ED arrests Winzo founders in PMLA case

WinZO founders

Saumya Singh Rathore and Paavan Singh, cofounders, Winzo

The Enforcement Directorate has arrested the founders of online gaming platform Winzo in a money laundering investigation that has widened to other players in the sector.

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We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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Gaming sector on losing streak; Vizag’s data centre gold rush


In a jolt to the Indian gaming sector, the founders of Winzo Games were arrested in a money laundering case. This and more in today’s ETtech Top 5.

Also in the letter:
■ CarTrade, CarDekho deal talks fail
■ Swiggy disputes business loss claims
■ Apple vs antitrust law


ED arrests Winzo founders in PMLA case

WinZO founders

Saumya Singh Rathore and Paavan Singh, cofounders, Winzo

The Enforcement Directorate has arrested the founders of online gaming platform Winzo in a money laundering investigation that has widened to other players in the sector.

Tell me…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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