StopDownOpen the app

Policy · Consumer Internet & Media

ED attaches Rs 505 crore of Winzo funds

By ·

WinZO logo
Date
Company
WinZO
What it does
Online gaming platform
Kind
Policy
Amount
Rs 505 crore
Sector
Consumer Internet & Media

What they do

Winzo is an online gaming platform where users play skill-based games

What happened

The Enforcement Directorate attached Rs 505 crore held in US and Singapore accounts

Why it matters

The ED alleged Winzo let users play against bots without disclosure and restricted withdrawals

The details

  • The Enforcement Directorate (ED) attached Rs 505 crore of Winzo's funds held in US and Singapore bank accounts.
  • The attached movable properties worth $55.69 million are in accounts of Winzo US Inc. and Winzo SG Pte. Ltd.
  • These accounts were operated by the founders of Winzo.
  • The ED conducted a search and seizure at Winzo's office on 18 November 2025.
  • The ED also searched Winzo's accounting firm on 30 December 2025.
  • A prosecution complaint was filed under the Prevention of Money Laundering Act (PMLA) in Bengaluru Special Court on 23 January 2026.
  • The ED alleged Winzo allowed users to play against bots or AI without disclosing this to players.
  • The ED also alleged Winzo restricted customer withdrawals and generated rake commission from matches between bots and users.
  • The alleged proceeds of crime amount to Rs 3,522.05 crore between FY22 and 22 August 2025.
  • Funds were routed overseas under the guise of investments.
  • Total proceeds of crime attached or frozen are approximately Rs 1,194 crore.
  • The investigation is ongoing.

The bigger picture

  • This action signals increased regulatory scrutiny on online gaming platforms in India.
  • The ED's allegations of bot play and withdrawal restrictions raise consumer protection concerns.
  • The large amount attached shows the scale of alleged financial irregularities in the sector.

About the business

  • Winzo is an online gaming platform where users play skill-based games.
  • The platform generates revenue through commissions on matches.
  • Winzo operates through subsidiaries in the US and Singapore.
  • The company has faced allegations of allowing users to play against automated bots without disclosure.

What happens next

  • The investigation is ongoing.

Founders

  • Saurabh Jain, Founder
  • Harish Reddy, Founder

Other articles talking about it

Read it as a card in the app

More on WinZO

Everything on WinZO →

Same day

All startup news on 19 February 2026 →