India, Dec. 17 -- The Controversies Of The Year

The Indian startup ecosystem had its share of ups and downs this past year. And while we have recounted tales of IPOs and how startups have turned the corner, it's time to take a look at everything that sparked debates and conversations in 2025.

Regulatory Reckoning: Months after the ban on online real money gaming, enforcement agencies moved in. WinZO founders Saumya Singh Rathore and Paavan Nanda were arrested over alleged money laundering and the use of algorithms that pitted players against bots.

In edtech, Dataisgood founder Ankit Maheshwari was detained at Delhi airport amid accusations of cheating, misusing investor funds and stealing data.

Cooking The Books? SEBI turned the screw...