Post on Medial

Top News of the Day: 1. Zomato collected Rs 83 cr in platform fee from customers till March 2. Zetwerk, a contract manufacturing unicorn, has partnered with Smile Electronics to set up three advanced IT hardware production factories in India. 3. Indian SaaS startup Postman has reportedly made secondary deals with a 30-40% discount, marking a significant decline in value for SaaS firms. 4. Together Fund Ropes In Former Google Executive Lakshmi Shankar As General Partner 5. Sauce VC logs final close of third fund at Rs 365 crore 6. Firstcry, the parent company of kids omnichannel retailer Brainbees, is set to be listed on Indian bourses, valuing the company at $2.88 billion. 7. EY was hired by Viacom18 for the valuation process before the merger deal with RIL and Disney's Star India. 8. Bitcoin and Ether experienced significant drops as concerns over a potential U.S. recession and soft data drove investors to seek safe-haven assets. 9. A political action committee (PAC) funded by Elon Musk is currently being investigated in Michigan for potential violations of state laws. 10. Adani unveils $213 billion succession plan as scrutiny persists 11. Cooking paste brand CURRYiT has secured Rs 4.5 crore in a seed round co-led by RK Family Trust 12. Agrizy, a B2B agri-processing platform, has raised $9.8 million (Rs 82 crore) in its Series A round 13. IPO-bound Swiggy appoints Sairam Krishnamurthy as COO of Instamart biz 14. Byju Raveendran files caveat before Supreme Court against creditor Glas Trust Company 15.Neobanking platform Jupiter has expanded its employee stock option plan (ESOP) pool by Rs 40 crore (nearly $5 million). 16. TikTok has agreed to permanently remove a feature in its spinoff app, TikTok Lite, in France and Spain. 17. UPI transactions jump 36% to Rs 60 lakh crore in June quarter 18. Groq, a semiconductor startup specializing in AI inference chips, has raised $640 million in a Series D funding round led by Cisco Investments 19. Ola Electric's IPO was fully subscribed, with the retail portion oversubscribed nearly three times and the non-institutional investors portion oversubscribed at 1.11 times. 20. Employees of edtech unicorn Unacademy will receive no appraisal in 2024, co-founder and chief executive officer Gaurav Munjal said at the firm’s virtual town hall 21. Tracxn, a market intelligence platform, has increased its employee stock option plan by allotting 99,707 equity shares valued at Re 1 each. 22. Apple and Nvidia led a sell-off in technology stocks on Monday as fears of a U.S. recession and Berkshire Hathaway cutting its stake in Apple weighed on the sector 23. Elon Musk has filed a new lawsuit against OpenAI and its CEO Sam Altman, accusing them of prioritizing profits over the public good. 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.