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Harsh Dwivedi
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Medial • 18h
Top news of the day: 1. FreshToHome, an online fish and meat retailer based in Bengaluru, seeks to raise $40–50 million in primary capital to expand its operations in the Middle East. 2. Sameer Brij Verma, formerly of Nexus Venture Partners, has launched Northpoint Capital, a solo general partner fund with $150 million raised. 3. Sandiip Bharadwaj, formerly with HDFC Securities, will become the CEO of Paytm Money, replacing Rakesh Singh, who will assume a different role within the group. 4. Kotak Mahindra Prime (KMPL), the auto financing division of Kotak Group, has become the preferred financier for Tesla electric vehicles in India 5. BQP, a quantum-accelerated simulation software company, raised an oversubscribed $4.9M seed round. 6. Udaan, a B2B ecommerce unicorn, has acquired retail-tech startup ShopKirana in an all-stock deal as it prepares for an IPO. 7. KARM BABA, a B2B marketplace bridging traditional industries and modern trade, secured investment from overseas investors, selling 3% equity with a post-valuation of $1 million. 8. Dairy company Milky Mist is set to raise Rs 357 crore (around $42 million) in a pre-IPO funding round, according to a filing with the Registrar of Companies (RoC). 9. Netflix reported a strong second quarter with $11.1 billion in revenue and $3.1 billion in net income, exceeding Wall Street expectations. 10. Ami Colé, an award-winning beauty brand founded by Diarrha N’Diaye-Mbaye, is closing after raising over $3 million in venture capital. 11. Twitch, owned by Amazon, is testing vertical video streams, entering competition with TikTok, Instagram Reels, and YouTube Shorts. 12. Meta has appointed Connor Hayes, VP of Product for Generative AI, to lead Threads, succeeding Instagram head Adam Mosseri. 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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