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Harsh Dwivedi
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Medial • 2m
Top News of the Day: 1. Zomato's quick commerce arm, Blinkit, has introduced a returns and exchanges service to its platform, expanding its categories beyond daily groceries. 2. Indian digital credit marketplace Paisabazaar, owned by PB Fintech, is following in the footsteps of sister company Policybazaar by developing an offline distribution channel. 3. Mayank Kumar, co-founder and managing director of Indian edtech unicorn Upgrad, has stepped down from his executive role to launch a new venture focused on placing skilled Indian labor abroad 4. Ola Electric has enlisted EY India for a "service transformation" project in response to customer complaints, declining sales volumes, and after-sales service issues. 5. Indian eldercare startup Primus Senior Living has raised a total of $20m in a seed funding round led by General Catalyst. 6. Singapore's Temasek Holdings is reportedly set to acquire a 20-25% stake, worth $180-200 million, in Rebel Foods, making it the largest shareholder of the cloud kitchen chain. 7. YouTube Shorts is extending the length of its videos, allowing creators to upload videos up to three minutes long starting from October 15, 2024. 8. Facebook parent company Meta will face lawsuits by U.S. states alleging that its platforms, Facebook and Instagram, promote addiction and contribute to mental health problems among teenagers. 9. AI-powered app builder Tablesprint has secured $1 million in funding from angel investors including Ola co-founder Ankit Bhati and Reflexical founder Ajeet Khurana. 10. Gen-AI SaaS startup Alchemyst AI has raised $300K in its pre-seed round led by Inflection Point Ventures and 100Unicorns and Early Seed Ventures. 11. Red Fort Capital, an investment-grade NBFC, has successfully raised Rs 22.6 crore in debt funding, crossing a milestone of Rs 100 crore in assets. 12. Software-as-a-service (SaaS) startup Everstage has secured $30 million in funding led by Eight Roads Ventures. 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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