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Harsh Dwivedi
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Medial • 1y
Top News Of the Day: 1. Aurionpro Solutions Limited has announced the strategic acquisition of Mumbai-based banking and insurance-focused PaaS startup Arya.ai. 2. Ecozen, a cleantech startup based in India, has raised $30 million in a mix of debt and equity from investors such as Nuveen and the InCred Credit Fund. 3. Flipkart's potential stake purchase in quick commerce startup Zepto has fallen through and is unlikely to be revived. 4. Agriculture-focused deeptech startup Ecozen has raised $30 million in a mix of debt and equity from Nuveen Global Fund and other existing equity investors, and new debt support from InCred Credit Fund and International Development Finance Corporation (IDFC). 5. Singapore's Mars Growth Capital is in talks to acquire a stake in ecommerce platform Meesho. 6. Sportswear startup Agilitas Sports has acquired the brand licence for Italian sports brand Lotto. 7. OpenAI has hired its first employee in India as it seeks to shape artificial intelligence regulations in the country --- Pragya Mishra, who will serve as the head of government relations at OpenAI. 8. Netflix announced that it will no longer report its subscriber numbers on a quarterly basis, signaling a potential slowdown in customer growth. 9. Bengaluru based fintech company Cred has received provisional approval from the Reserve Bank of India (RBI) for its payment aggregation (PA) business. 10. Indian ride-hailing company Ola is planning to raise $500 million in an initial public offering (IPO) that would value the company at around $5 billion. 11. Private equity firm ValueQuest has invested in Rentomojo, a furniture and appliances rental platform, as part of the company's Series D funding round. 12. In March, Google Pay and PhonePe, two of the leading UPI transaction platforms in India, processed 5 billion transactions worth INR 7 lakh crore and 6.5 billion transactions worth INR 10 lakh crore respectively. Stay Updated. Stay Informed. Stay Ahead. Share Medial App within your network and friends to grow this community. Please rate us on iOS AppStore/ Google Play Store to help us be visible to more awesome folks like you!
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