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Harsh Dwivedi
•

Medial • 6m

Top News of the Day: 1. Chennai-based workflow automation software provider, Kissflow, has laid off around 11% of its employees as part of a company-wide restructuring. 2. Unacademy has promoted Sumit Jain, Co-founder and CEO of Graphy, to a partner role, which is considered equivalent to a co-founder. 3. Arthan Finance, a non-banking financial company in India that provides loans to self-employed micro-entrepreneurs, has secured Rs 50 crore ($6 million) in its Series B funding round. 4. Nokia CEO Pekka Lundmark showcased a new technology, immersive audio and video, that offers improved call quality with three-dimensional sound. 5. Paytm Layoffs-- Fitench hands pink slip to 3,500 employees 6. Direct to consumer personal care startup 82°E is set to mop up Rs 50 crore or $6 million in the extension of its seed round 7. Ixigo, the parent company of online travel platform Ixigo, has seen its initial public offering (IPO) oversubscribed by retail subscribers 2.22 times within hours of its launch. 8. At Apple's WWDC developers' conference, the company will focus on its AI strategy and potentially announce a partnership with OpenAI. 9. Ahmedabad-based ice cream brand Hocco raises Rs 100Cr at a valuation of Rs 600 crore 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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Fresh Bus, the Bengaluru-based EV bus startup backed by Ixigo has raised Rs 43.7 crore ($5.23M) in its Series A funding round. Maniv Mobility led the round with Rs 35.68 crore, joined by Riverwalk Holdings. The company aims to raise Rs 100 crore in

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Anonymous

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Newly-listed online travel ticket booking platform ixigo has reported a significant 212% increase in net profit, rising from Rs 23.4 crore in FY23 to Rs 73.1 crore in FY24. The company's operating revenue also grew by 31% during the same period, fr

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Bengaluru-based Ola Electric Mobility has set a price band of Rs 72-76 per share for its IPO, which will open for subscription on Friday, August 2. This values the company at Rs 33,522 crore or $4 billion, marking a 30% decrease from its December 2

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🥳🤯 The government of Uttar Pradesh has received proposals for projects totalling around Rs 40,038 crore under its new policy to incentivise semiconductor manufacturing and attract global investments in the state, its investment promotion agency Inv

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Ixigo just got the green light from SEBI for its Rs 1,600 crore IPO. Yep, they're aiming to raise Rs 750 crore with fresh shares and offload another Rs 850 crore. Investors like Saif Partners and Micromax are cashing out big. Ixigo’s founders ar

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Tushar Aher Patil

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Ritesh Agarwal-led hospitality giant OYO recorded a net profit of Rs 158 crore and revenue of Rs 1,578 crore in Q2 FY25, PTI reported. This marks a significant turnaround, as the company had posted a net loss of Rs 50 crore during the same period la

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Harsh Dwivedi
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Medial • 9m

Top News Of the Day: 1. Venture capital firm Prath Ventures has raised Rs 120 crore marking the second close of its INR 225 Crore round, led by SIDBI Funds and others. 2. Dermatology startup Cureskin raises Rs. 160 Cr ($20Mn) led by Healthquad 3. O

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Jeet Sarkar

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Nazara Technologies Ltd, a Mumbai-based mobile gaming and sports media company, has issued shares worth Rs 100 crore to Nithin Kamath and Nikhil Kamath, the founders of Zerodha. The move is part of a broader investment in which Nazara allocated 28.

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Shuvodip Ray
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In a significant move to bolster its financial position and support future growth, Bank of Baroda (BoB), one of India's largest public sector banks, has announced plans to raise substantial capital through debt instruments and long-term bonds. The ba

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Anonymous

Stealth • 4m

Deepinder Goyal-led Zomato's revenue rose 74% year-on-year to Rs 4,206 crore in Q1FY25. Meanwhile, the company's net profit jumped to Rs 253 crore. During the same quarter last year, Zomato posted a net profit of Rs 2 crore and a revenue of Rs 2,