As we try to wind down this year, Rohin and Praveen do something they’ve never done before: go through every single episode they recorded this year. All 48 of them. In 60 minutes.

The rules were simple. Each host had 10 points to build their personal top 10 list for the year. No take-backs, and no pre-discussion. It was a completely live, vibe-based recording where they figured it out as they went.

What follows is a rapid-fire sprint through the year. From Amazon India’s struggles to the electric car slowdown, from B-school placements to the rise of quick commerce dark stores, and from Razorpay versus Juspay to the chaos of concert infrastructure in India. They cover it all—the hits, the misses, the prescient calls, and the episodes they wish had gone differently.

Along the way, they debate whether episodes were too speculative, too early, or just not memorable enough. By the end, they’re locked in a tight race with only five episodes left and one point each remaining.

Because it wouldn't be Two by Two without a matrix, we plotted the results of their debate. Take a look at the graphic to see which episodes they both loved (the green zone) versus their personal favourites.

It is chaotic, nostalgic, and a perfect preview of what 2025 looked like through the lens of Two by Two.

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This episode was produced by Uddantika Kashyap and mixed and mastered by Rajiv CN, our resident sound engineer.

With 48 episodes in the books, this is the perfect starting point for anyone looking to catch up on the defining business stories of 2025. If you liked this sprint through the year, please share it with someone who loves a good deep dive.

Have your own "vibe-based" arguments about our list? We’re all ears. Reach out at [email protected] or leave a comment.