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Harsh Dwivedi
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Medial • 3h
Top News of the Day: 1. Bangalore-based insurtech startup Acko General Insurance is closing a $100-120 million secondary deal in which early backers, including Catamaran Ventures and Ashish Dhawan, will sell their stakes. 2. Taiwan Semiconductor Manufacturing Company (TSMC) has informed the US Commerce Department about one of its chips being found in a Huawei product by tech research firm TechInsights. 3. UK savings and investment firm M&G Prudential is reportedly in talks to lead a $80-100 million funding round for Indian B2B ecommerce firm Udaan 4. Meta Platforms and CEO Mark Zuckerberg have successfully had a lawsuit dismissed, which claimed that they misled shareholders regarding their ability to ensure the safety of children on Facebook and Instagram 5. M&G Prudential has announced a new round of funding that will increase its stake in Udaan, a digital commerce platform. The funding will raise Udaan's valuation to $1.8 billion. 5. HR tech platform DarwinBox reported strong growth in its total revenue for FY24, with international markets contributing more than 50% of new Annual Recurring Revenue (ARR). 6. Gurgaon-based food delivery platform, Zomato, has increased its platform fee for food delivery transactions to Rs 10 per order during the festive season, up from Rs 7. 7. OpenAI has hired Aaron Chatterji, a former White House official, as its chief economist to lead research on the economic impact of AI. 8. The Supreme Court has overturned the NCLAT's approval of a settlement deal between Byju's and BCCI. 9. Shiprocket, an ecommerce enablement firm backed by Zomato, reported a 21% increase in operating revenue for fiscal 2024 at Rs 1,316 crore ($170 million). 10. The Kerala Startup Mission (KSUM) has invested INR 15 crore in Transition VC, India's first venture capital fund focused on energy transition. 11. Rapido partners with IndoFast Energy to roll out 10,000 swappable e-autos Stay Updated. Stay Informed. Stay Ahead. Share the Medial App with your network, colleagues, and friends. Let's brainstorm, discuss together and help each other achieve our goals. And don't forget to rate us on the iOS App Store and Google Play Store to help us reach even more amazing people like you.
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