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Top News of the Day: 1. Wedding services startup Meragi mops up $9.1 million in round led by Accel 2. Apple has used chips designed by Google instead of Nvidia for its new artificial intelligence (AI) software infrastructure, according to a research paper published by Apple 3. Amazon nears complete acquisition of Axio in all cash deal 4. Paytm launches NFC soundbox that doubles up as card payment machine 5. Gnani.ai raises $4 Mn in Series A round from Info Edge Ventures 6. EV Charging Aggregator ElectricPe Nets $3 Mn From Existing Investors 7. Dunzo Cofounder Mukund Jha Seeks To Raise INR 50-80 Cr For His New GenAI Venture 8. As Tesla's electric car sales decline, CEO Elon Musk is shifting focus to artificial intelligence (AI) in an attempt to convince investors of future profitability. 9. Drone manufacturer Ideaforge’s revenue from operations declined by 15.7% to Rs 86 crore in Q1 FY25 from Rs 102 crore in Q4 FY24. 10. Chennai-based fashion ecommerce platform eShakti has reported a 23% increase in net loss for the year ending March 31, 2023. 11. Navi Finserv, a fintech firm, has raised $38 million from JP Morgan by securitizing personal loans. 12. IIFL Fintech Fund Picks Up 10% Stake In GenAI Startup Vitra.ai 13. Paytm sees no impact of lowering of UPI incentives on its path to profitability 14. Flipkart has consolidated its fintech offerings into a single vertical called Flipkart Pay, ahead of the festive season sales. 15. Indian cricketer KL Rahul has invested in and become a brand ambassador for Boldfit, a Bengaluru-based fitness brand. 16. SpaceX in talks to land and recover Starship rocket off Australia's coast 17. Ride-hailing startup Rapido has achieved unicorn status after raising $120 million at a post-money valuation of $1 billion. 18. Home service marketplace Urban Company reported a 26% increase in consolidated revenue from operations and reduced losses for the financial year 2023-24. 19. Cybersecurity Startup WhizHack Raises $3 Mn At $100 Mn Valuation 20. The Karnataka Authority for Advance Rulings (AAR) has ruled that ride-hailing platform Rapido is liable to pay goods and services tax (GST) for its cab services 21. Crypto exchange CoinDCX has elevated Mridul Gupta as its founding partner. 22. ONDC launches interoperable QR code to connect sellers with customers online and offline 23. FirstCry FY24 revenue crosses Rs 6,500 Cr; GlobalBees contributes 18.6% 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.