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Harsh Dwivedi

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Medial • 10m

Top News of Today (7th June 2024)- 1. Consumer lending startup Fibe raises Rs. 720 Cr ($90 Mn). 2. Byju's term-loan lenders kick off bankruptcy proceedings against its US assets 3. NPCI Inks Pact With Peru To Build UPI-Like Payments System 4. Testsigma raises Rs. 68 Cr ($8.2 Mn) led by MassMutual Ventures 5. Botsync raises Rs. 43 Cr ($5.2 Mn) in Series A round 6. Chicken QSR Chain BIGGUYS Bags Rs. 16 Cr ($2 Mn) From NRIs 7. Good Glamm Group appoints ex-Estee Lauder exec as global president 8. ixigo Sets IPO Price Band At INR 88-93, Aims To Raise INR 740 Cr 9. Indian Airlines face bigger losses in FY25 despite higher demand: CAPA India 10. Musk confirms diverting Nvidia AI chips away from Tesla 11. X chief executive officer Linda Yaccarino's head of business operations, Joe Benarroch, is leaving the company 12. boAt to scale down wearables business amid slowing growth, focus shifts to audio 13. Sportskeeda’s parent Absolute Sports acquires assets of SoapCentral.com 14. Speciality chemicals startup Scimplify to raise Rs. 40 Cr ($5 Mn) Stay Updated, Stay Informed- with Medial.

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Woha. Why’d he raise Rs. 1600 Cr and delay salaries?

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