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From GFF rumours to ED and GST raids: Mapping the gaming-fintech crackdown

From GFF rumours to ED and GST raids: Mapping the gaming-fintech crackdown

29 May 2026, 08:24 PM

Enforcement Directorate (ED), Directorate General of GST Intelligence (DGGI) actions against online gaming and fintech companies in last couple of months.

Telangana HC dismisses Fino Bank MD and CEO Rishi Gupta

Telangana HC dismisses Fino Bank MD and CEO Rishi Gupta's writ petition

23 Mar 2026, 10:35 PM

After multiple adjournments, a division bench comprising Chief Justice Aparesh Kumar Singh and Justice G.M. Mohiuddin dismissed the writ petition filed by Gupta.

A CEO arrested, hearing delayed; Sarvam

A CEO arrested, hearing delayed; Sarvam's AI pitch

07 Mar 2026, 08:30 PM

We write about the uneasy silence and fear hovering over the arrest of Fino CEO Rishi Gupta; and why Sarvam AI’s new startup programme may be less about startup support...

Exclusive: Fino Bank MD and CEO Rishi Gupta arrested. Here

Exclusive: Fino Bank MD and CEO Rishi Gupta arrested. Here's why

28 Feb 2026, 12:23 AM

Fino said the "investigation is relating to business partner(s) of the Bank and not relating to the GST compliance of the Bank."

The Wegofin episode; India

The Wegofin episode; India's AI optics vs spending reality

20 Feb 2026, 06:52 PM

We write about how a crackdown at Wegofin exposes the growth of unlicensed TSPs in India's payments ecosystem; and the paradox of India hosting its first global AI summit...

Who Reads Us

Fintech Highlights

  1. NeuralKart bags seed funding led by Inflection Point Ventures

  2. Zaggle to invest in cross-border payments company Unobanc

  3. Turtlemint FY26 revenue up 57% to Rs 1,098 crore

  4. Scapia launches Rs 20 crore ESOP buyback

  5. Veriqus secures Rs 387 crore funding led by Norwest Venture Partners
  6. Read more news...

AI/Emerging Tech

  1. FireAI raises fresh funding from existing investor SucSEED

  2. Thinking Machines Lab launches its first AI model Inkling

  3. SwitchOn secures pre-Series B funding led by IvyCap Ventures

  4. KuhlTherm bags seed funding led by Arkam Ventures

  5. Emergent raises Series C funding round led by Creaegis at unicorn valuation
  6. Read more news...

IPO Tales

  1. Zepto IPO: Can this cash-hungry quick commerce model turn profitable?

  2. Turtlemint IPO: Behind its 8x revenue jump, an internal deal does the heavy lifting

  3. Shiprocket IPO: A profitable core, costly emerging bets

  4. Fractal IPO: A bountiful harvest for PE investors, now comes the real AI test
  5. Read more news...

Money & Machines

  1. Money & Machines: (UPI) Zero for Whom?; The Sovereign AI Dilemma

  2. Money & Machines: Regulating crypto without regulating crypto; iMerit's human edge

  3. Money & Machines: Pricing Razorpay; Where is Indian PE in AI?

  4. Money & Machines: When fintech forgot to party; AI hype missing cheques + Stock Chart [story]
  5. Previous editions...

PE/VC Tales

  1. Inside the fintech bets of Blume Ventures

  2. There's much more to AI than just agentic AI: Inflexor's Harsha Mundhada

  3. Zetwerk-backer Kae Capital sees more exits in next 12 months, says AI startup valuations high

  4. Micro VCs: Fueling India's startup pipeline or distorting it?
  5. Read more news...

Editor's Pick

  1. Exclusive: Reserve Bank of India cracks down on misuse of education payments

  2. Inside Rebel Foods, Droom backer Lightbox's post-exodus reset

  3. The LAP rush and MSME mirage: Is fintech lending building its next risk? [Part-3]