Core Insights - The year 2025 has been marked by significant controversies in India's startup ecosystem, shifting from behind-the-scenes disputes to public meltdowns and regulatory confrontations [1][2][3] Controversies Overview - The controversies have led to serious consequences including arrests, asset freezes, market bans, and leadership exits, highlighting the ecosystem's vulnerabilities [1][3] Eggoz Controversy - A viral video claimed Eggoz's eggs contained cancer-linked chemicals, raising public health concerns [5] - Eggoz's founder denied the claims and stated that independent tests showed compliance with permissible limits [8] WinZO's RMG Reckoning - WinZO's founders were arrested for money laundering, with allegations of mishandling INR 43 Cr of gamers' funds after a ban on real-money gaming [11][12] - The Enforcement Directorate froze assets worth INR 505 Cr, escalating the legal crisis for the gaming platform [15][16] Dataisgood Founder’s Arrest - Dataisgood's founder was detained at the airport amid allegations of cheating and fund misuse, leading to a significant legal battle [17][18] - The Supreme Court ordered his surrender after multiple bail pleas were rejected [21] BluSmart's Financial Issues - BluSmart faced scrutiny after defaulting on non-convertible debentures, revealing deeper financial misconduct linked to its founders [23][29] - SEBI's investigation uncovered unaccounted funds exceeding INR 260 Cr, leading to a governance crisis [28][29] Medikabazaar's Governance Crisis - Medikabazaar's boardroom conflict escalated into a public battle over financial irregularities, resulting in the ousting of its CEO [30][34] - The board accused the CEO of inflated metrics and misreporting, leading to a significant indemnity claim from investors [36] DroneAcharya's Financial Irregularities - SEBI's investigation revealed that a third of DroneAcharya's reported revenue was fabricated, leading to penalties and a ban on its promoters [37][42] - The company misused IPO funds, diverting them from intended purposes [42] EaseMyTrip vs MakeMyTrip - EaseMyTrip's cofounder accused MakeMyTrip of having Chinese influence, raising national security concerns amid geopolitical tensions [45][46] - MakeMyTrip refuted the claims, emphasizing its compliance with Indian laws [52] CoinDCX Crypto Heist - CoinDCX reported a major security breach resulting in the loss of $44.2 million in crypto assets, prompting scrutiny over its operational security [54][58] - The company launched a recovery bounty to trace the stolen funds [59] Government Crackdown on OTT Platforms - The Indian government banned 25 OTT platforms for hosting obscene content, citing repeated violations of multiple laws [60][64] - Stricter warnings were issued to digital intermediaries regarding compliance [66] Urban Company's 'Insta Maids' Controversy - Urban Company's new service faced backlash for its name and pay structure, leading to a rebranding to 'Insta Help' [92][98] - The controversy highlighted broader issues in the gig economy regarding worker dignity and fair wages [99] Lenskart IPO Valuation Debate - Lenskart's IPO raised concerns over inflated valuations amid weak profitability in the consumer tech sector [100][104] - Critics drew parallels to past IPOs that underperformed post-listing, questioning investor decisions [104]

As filed with the U.S. Securities and Exchange Commission on August 26, 2024. Cayman Islands 6770 N/A (State or other jurisdiction of incorporation or organization) (Primary Standard Industrial Classification Code Number) Registration No. 333-280356 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 AMENDMENT NO. 5 TO FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 FUTURE VISION II ACQUISITION CORP. (Exact name of registrant as specified in its charter) (I.R.S. Employer ...

As filed with the U.S. Securities and Exchange Commission on July 31, 2024. Registration No. 333-280356 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 AMENDMENT NO. 2 TO FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 FUTURE VISION II ACQUISITION CORP. (Exact name of registrant as specified in its charter) Cayman Islands 6770 N/A (State or other jurisdiction of incorporation or organization) (Primary Standard Industrial Classification Code Number) (I.R.S. Employer I ...

As filed with the U.S. Securities and Exchange Commission on June 20, 2024. Registration No. 333- _______ UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 FUTURE VISION II ACQUISITION CORP. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) Cayman Islands 6770 N/A (Primary Standard Industrial Classification Code Number) (I.R.S. Employer Identification Num ...