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Top News of the Day: 1. Beverage startup Latambarcem Brewers (LB Brewers) has secured $1.5 million (Rs 12.5 crore) in a pre-Series A round co-led by SPV 2. Hero Vired, the online education company owned by the Hero Group, has appointed Prakhar Kasar as its CEO. 3. Indian sportstech startup KheloMore, with 500,000 users, has raised $2 million in a Pre-Series A funding round. 4. Automakers such as Ford, Tesla, and Stellantis are facing profit pressures in their traditional car businesses. This comes in addition to the challenges of transitioning to electric vehicles 5. Rabbitt AI, a generative AI solutions firm, has raised $2.1 million in its seed round led by TechCurators and various angel investors. 6. WeWork India renews lease on 1.4 lakh sq ft space in Goregaon East, Mumbai 7. Treasury risk consulting firm White Matter Advisory has acquired a 90% stake in fintech startup Fairexpay. 8. M2P Fintech to raise $80 Mn at $900 Mn valuation 9. MapMyIndia accuses Ola Electric of copying data; sends legal notice 10. Ola Electric, India's largest electric two-wheeler company, will launch its IPO with a price band of Rs 72-76 per share. 11. DTDC made its first successful drone delivery from Bilaspur to Gurugram Sector 92, completing a 7.5 km journey in just 3-4 minutes. 12. Moxie Beauty Nets INR 17.3 Cr From Fireside Ventures, Others 13. Raise Fintech Ventures, which runs discount broking app Dhan, has received interest from several investors ready to back it at a valuation of $1.5 billion 14. EQ-focused edutainment startup EMoMee has raised $1 million in a pre-seed funding round co-led by Whiteboard Capital, Gruhas Collective Consumer Fund, and DeVC. 15. ToyStack.ai, a platform that enables developers and technology teams to deploy their code to the cloud, has raised $325,000 in pre-seed round from angel investors 16. South Korea's financial authorities plan to provide 560 billion won ($404.55 million) of liquidity support to struggling small businesses affected by delayed payments from e-commerce platforms. 17. Game Theory Ropes In Pullela Gopichand, Others As Investors 18. Shares of Go Digit General Insurance surged by 8% to reach INR 374.05 on the BSE on Monday. 19. Byju's employees are rushing to claim unpaid salaries and benefits after the edtech company was declared bankrupt and admitted to insolvency. 20. Justice Sharad Kumar Sharma of the NCLAT has recused himself from hearing Byju Raveendran's plea against the NCLT order for bankruptcy proceedings against BYJU'S. 21. Apollo Tyres shuts down car service platform Trumigo within 6 months 22. Simple Energy, an electric two-wheeler startup, has secured $20 million in a Series A funding round. 23. Apple said to rollout Apple Intelligece with iOS 18.1 developer beta this week 24. Investors rush to find anchor in Ola Electric IPO; local, foreign cos sign up for likely $350m book 25. FirstCry, a baby and mother care products retailer, is expected to file its red herring prospectus (RHP) this week for an IPO valuing the company at $3-3.5 billion 26. Kirana tech startup, 1K Kirana, is facing financial crisis and possible bankruptcy 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.