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Top News of the Day: 1. Global brokerage Macquarie said IPO-bound Swiggy seems to be 4-6 quarters behind Zomato. Swiggy's gross order value is around 26.5% lower than Zomato's. 2. Aditya Birla Digital Fashion Ventures has acquired a higher stake in the direct-to-consumer (D2C) fashion brand, WROGN, increasing its ownership from 17.10% to 32.84% 3. California-based startup Budy has raised $4.2 million in a funding round led by RTP Global. 4. Zodius exits OfBusiness with $100 million+; Z47 may part-sell too 5. Lendingkart, an MSME-focused lending platform, is facing a valuation cut due to a cash crisis and stress in the unsecured loan market. 6. The chairman of TRAI has confirmed that over-the-top communication services will be subjected to regulations. 7. Shiprocket, an ecommerce enablement platform, predicts that quick commerce will drive demand and contribute $1 billion in gross merchandise value (GMV) this festive season. 8. AGNIT Semiconductors, a chip maker, has raised a total of $4.87 million to promote its chips into volume production in the defense market. 9. Meta is reportedly laying off employees in various units, including Instagram, WhatsApp, and Reality Labs. 10. TVS Capital Funds has promoted Rajalakshmi Vaidyanathan to the role of Principal after five years with the company. 11. Jay Hao, former CEO of cryptocurrency exchange OKX, has joined Indian blockchain startup CIFDAQ as co-founder and global COO. 12. Consumer lending and payments startup Slice has raised Rs 71.7 crore (approximately $8.6 million) from its founder and CEO, Rajan Bajaj, via partly paid-up shares. 13. Wow Momo targets ₹650 crore in revenue for FY25, a 37% increase, with plans to expand its FMCG vertical and launch the Wow Eats app. 14. Indian quick commerce firm Zepto is in discussions to raise $100-150 million from domestic family offices and high-net-worth individuals. 15. Qure.ai revenue soars 83% to Rs 141 Cr in FY24, slashes losses 16. Tetr College of Business is launching a fund called Tetr - Under 20 to support student entrepreneurs. The college plans to invest $10 million into the fund 17. Ride-hailing and delivery platform Uber experienced some executive turnover with two top-level engineering executives, including Anirban Kundu and Sundeep Jain, leaving the company. 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.