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Harsh Dwivedi
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Medial • 8m
Top News Of the Day: 1. WeWork plans to sell 27% stake in Indian arm for Rs 1,200 Cr 2. Indian electric two-wheeler manufacturer, Ather Energy, is reportedly in the final stages of securing $75-$90 million in primary funding from its existing investors. 3. Co-working solutions provider Awfis has received the final nod from securities and exchange board of India (SEBI) for its initial public offering (IPO) 4. Early-stage investment platform Venture Catalysts' accelerator and incubator, 9Unicorns, has appointed Lumani Shah, a former McKinsey & Company senior associate, as a principal in the firm. 5. Deeptech startup Nabhdrishti Aerospace has raised Rs 3 crore in its pre-seed round led by IIMA Ventures (Formerly IIMA-CIIE). 6. Saudi Aramco's venture capital arm, Prosperity7 Ventures, is set to invest $200-300 million in early-stage startups in India 7. Tesla CEO Elon Musk is under pressure to address recent setbacks and reassure investors in the upcoming earnings report, amidst 8.5% sales drop, 10% headcount cut-off & more 8. Flipkart Ventures, the investment arm of Flipkart, has launched its accelerator programme called Flipkart Leap Ahead (FLA) 9. HealthPlix, a Bengaluru-based healthtech SaaS company, has terminated 100 employees, which is 25% of its workforce, citing performance issues and role redundancies 10. AI search engine startup Perplexity is reportedly raising $250 million to $300 million in a new funding round, valuing the company at between $2.5 billion and $3 billion. 11. The National Company Law Tribunal (NCLT) in Bengaluru has adjourned the case between Byju's and its investors until June 6. 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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