๐Ÿš€ Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. ๐Ÿ”ฅ
Login

News on Medial

Related News

Samsung Galaxy S25 series: 5 things we expect and how we feel about them - Opinion | Mint

LivemintLivemint ยท 6m ago
Samsung Galaxy S25 series: 5 things we expect and how we feel about them - Opinion | Mint
Medial

The Samsung Galaxy S25 series, set to launch in January 2025, is expected to come with several improvements and new features. The lineup will include the Samsung Galaxy S25 Ultra, Samsung Galaxy S25 Plus, and Samsung Galaxy S25. One notable change is that all models will feature the Snapdragon 8 Elite chipset, a shift from the previous generation. The S25 Ultra is rumored to have rounded corners for improved comfort, while the S25 and S25 Plus will retain a similar design to their predecessors. The devices will also come pre-installed with One UI 7, offering new AI features. Additionally, there will be more RAM, with the base variant of the S25 and S25 Plus having 12GB.

Father of UX, Don Norman, calls for sustainable, humanity-centred design

LivemintLivemint ยท 9m ago
Father of UX, Don Norman, calls for sustainable, humanity-centred design
Medial

Donald Norman, the pioneer of user experience (UX) and former Vice President at Apple, believes that designers should take advantage of artificial intelligence (AI) and lead in shaping its development. He urges designers to go beyond being told what to do and instead determine what needs to be done. Norman emphasizes the need for a broader education in design, incorporating technology, human behavior, and business. He also advocates for a shift towards humanity-centered design that considers the environment, cultures, and all living things. Norman suggests adopting a circular economy approach and transitioning from product-based to service-based business models. He encourages designers to lead and address the weaknesses of emerging technologies, including AI, by incorporating new principles and focusing on user research.

Chelvies Coffee raises $1 Mn in pre-Series A round

EntrackrEntrackr ยท 5m ago
Chelvies Coffee raises $1 Mn in pre-Series A round
Medial

Chelvies Coffee raises $1 Mn in pre-Series A round Coffee and dining experience brand Chelvies Coffee has secured $1 million in a pre-Series A funding round led by Endurance Capital, with an additional $500,000 in debt financing currently in process. The proceeds will be used to establish more than 30 high-street locations across major Indian metros by 2026, enhance existing supply chain infrastructure, develop proprietary food production systems, and strengthen operational teams, Chelvies Coffee said in a press release. Launched in 2023 by Dhruv Singh, Chelvies Coffee is a specialty coffee restaurant brand that combines premium coffee offerings with fresh, high-quality dining options. With six locations across Delhi NCR and Ahmedabad, the company aims to empower the Indian coffee shop experience through its commitment to quality, innovation, and exceptional customer service. The Delhi-based brand offers an extensive menu of over 70 specialty coffee brews, complemented by a curated dining menu that includes burgers, artisanal sandwiches, and pastaโ€”all produced through in-house facilities. The companyโ€™s proprietary supply chain system, supported by centralized dispatch units and base kitchens, enables it to deliver a refined experience efficiently and at scale. According to market research, India's cafe industry is projected to grow at a CAGR of 15-20%, reaching $2.6-3.2 billion by 2028. Chelvies claims it has achieved a monthly run rate of INR 1.30 crore, with demonstrated profitability at each store level. The company aims to transform Indiaโ€™s coffee culture with a European-inspired concept that blends premium specialty coffee with an elevated dining experience.

Deepinder Goyal enters billionaire club as his holding in Zomato crosses $1 Bn worth

EntrackrEntrackr ยท 11m ago
Deepinder Goyal enters billionaire club as his holding in Zomato crosses $1 Bn worth
Medial

Deepinder Goyal, founder and CEO of Zomato, has entered the billionaire dollar club as the value of his holdings in the foodtech firm surpassed Rs 8,400 crore. With this, Goyal joins the ranks of Sachin and Binny Bansal, Nikhil and Nitin Kamath, Vijay Shekhar Sharma, Byjuโ€™s Reveendran, and Ritesh Agarwal who hit a similar high at some point with their startupsโ€™ growth and valuation. As of March 31, 2024, Goyal owned a 4.19% stake in Zomato and had 36,94,71,500 shares. Since the Info Edge-backed firm recently hit its all time high share price ~Rs 232, the value of his personal holding crossed $1 billion. Zomato currently has a market capitalization of Rs 2,01,343 crore or $24.25 billion (as of 11.27 AM IST on July 15). With 36,94,71,500 equity shares, Deepinder Goyalโ€™s holdings are valued at Rs 8,423 crore ($1.01 billion), as per Entrackrโ€™s estimate. Food tech major also received shareholder approval to implement a new ESOP plan 2024 valued at $458 million. With the implementation of its new ESOP plan, the companyโ€™s total ESOP value surpassed $800 million. After Flipkart, Zomato seems to have the largest ESOP pool at the moment in the startup arena. In 2021, Oyoโ€™s ESOP pool was worth close to $1 billion followed by Paytm, Nykaa and Policybazaar. However, value of Oyo and Paytmโ€™s ESOP pool has nosedived since then in the wake of colossal loss in their valuations. While the holdings of bootstrapped startupโ€™s founders such as Kamath brothers and Sridhar Vembu fortune are estimated to exceed $1 billion, Goyal has turned out to be the new entrant in the billionaire club from the VC-backed ecosystem. The good times for Zomato have continued on the stock exchange despite the company increasing its platform fees to Rs 6 in Delhi and Bengaluru. The company introduced a platform fee of Rs 2 in August last year, which was increased to Rs 5 in April, and now stands at Rs 6 per order as the firm looks to improve margin. Swiggy also spiked its platform fee to Rs 6 in the two cities. Zomato showed a robust growth in the last fiscal year (FY24) as its revenue from operations surged 71% year-on-year to Rs 12,114 crore in FY24 from Rs 7,079 crore in FY22. Moreover, the profits of the company stood at Rs 351 crore in FY24 as compared to a loss of Rs 971 crore in FY23.

Rekha Jhunjhunwala cashes out Rs 374 Cr from Nazara in June

EntrackrEntrackr ยท 26d ago
Rekha Jhunjhunwala cashes out Rs 374 Cr from Nazara in June
Medial

Rekha Jhunjhunwala, wife of the late Rakesh Jhunjhunwala, has trimmed her stake in gaming services provider Nazara Technologies Limited during June, as per data available on the BSE. Rekha Jhunjhunwala offloaded 29.75 lakh shares of Nazara Technologies between June 2 and June 10. Based on the average trading price of Rs 1,256.5 during this period, the sale is estimated to be worth around Rs 374 crore. According to the disclosure filed with the Bombay Stock Exchange, Rekha Jhunjhunwalaโ€™s shareholding in Nazara Technologies dropped from 7.05% (61.83 lakh shares) as of June 1, 2025, to 3.66% (32.08 lakh shares). As per the shareholding pattern as of March 2025, SBI Mutual Fund holds an 8.37% stake in the company, while Plutus Wealth Management owns 11.54%. NK Squared along with Kamath Associates, both linked to Nikhil Kamath, collectively hold a 3.72% stake. Last month, the Competition Commission of India (CCI) approved the acquisition of a majority stake and control over Nazara Technologies Limited by Axana Estates LLP, Plutus Wealth Management LLP, and Junomoneta Finsol Private Limited. Nazara Technologies has completed four acquisitions in 2025 so far. In January, it acquired two popular mobile game titles King of Thieves and CATS: Crash Arena Turbo Stars from ZeptoLab for $7.7 million. In May, the company acquired UK-based game publisher Curve Games for Rs 247 crore. During the same month, its subsidiary Sportskeeda acquired wrestling news platforms TJRWrestling.net and ITRWrestling.com from Titan Insider Digital in an all-cash deal worth Rs 10.5 crore. On the financial front, Nazara Technologies reported revenue of Rs 520 crore in the final quarter of the previous fiscal year, along with a profit of Rs 4 crore. For the full year FY25, the company recorded a 40.8% year-on-year growth in total income, to Rs 1,715 crore from Rs 1,218 crore in FY24. Nazra is currently trading at Rs 1,276.5 with a total market capitalization of Rs 11,184 crore (approximately $1.31 billion).

Download the medial app to read full posts, comements and news.