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Top News of the Day: 1. Upgrad secures $60 million from Temasek at a flat valuation of $2.25 billion 2. Bengaluru-based logistics startup Shadowfax is in the final stages of raising Rs 350-400 crore (approximately $45-50 million) in funding, doubling its valuation to around Rs 5,500-6,000 crore ($700 mn) 3. Snapdeal co-founders Kunal Bahl and Rohit Bansal-led Titan Capital has closed its new opportunities fund at INR 333 crore ($44.5 million). 4. Stellapps, a dairy technology startup, raised $26 million in a Series C funding round. The funds will be used to expand its mooMark business. 5. NCLT dismisses Anil Dhirubhai Ambani Ventures’ plea to block use of ‘Reliance’ brand by Hinduja Group 6. Space startup GalaxEye is collaborating with SpaceX to launch their multi-sensor Earth observation satellite, 'Drishiti,' in mid-2025. 7. Maldives President Muizzu has taken steps to introduce India's Unified Payments Interface (UPI) in the country, aiming to benefit the economy. 8. Zomato co-founder and chief executive officer Deepinder Goyal has incorporated a new venture named Continue, which will focus on health tracking and mental wellness. 9. Contrarian Capital MD Somak Ghosh Joins Gemba Capital Board 10. Navi Finserv has decided to cancel its plan to raise INR 100,000 crore through bond issuances. 11. Automoto, a vehicle ownership platform, has raised the first tranche of its extended pre-seed funding round, achieving a valuation of Rs 100 crore ($12 million). 12. Advance Mobility Bags $3 Mn From India Accelerator, Finvolve 13. Groww’s FY24 Revenue More Than Doubles To INR 3,145 Cr 14. Prosus NV, a South African-Dutch tech group, aims to achieve $400 million in adjusted earnings before interest and tax (EBIT) from its e-commerce operations for the fiscal year ending in March. 15. PhonePe's Rs 2,193 Cr ESOP bill pushed it into losses in FY24 16. Investment platform Groww paid Rs 1,340 crore ($160 million) in taxes while shifting its domicile from USA to India in FY24, representing 5.33% of its $3 billion valuation. 17. Perplexity, an artificial intelligence search company, is in talks to raise funds and increase its valuation to $8 billion or more. 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.