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Top News of the Day: 1. Android 16 could come with iPhone like dynamic island notifications 2. Tata Group's ecommerce venture Neu is set to enter the quick commerce segment with Neu Flash, offering ultra-fast delivery for grocery, electronics, and fashion products. 3. Early-stage venture capital firm First Cheque to invest in 15-20 startups 4. The merger between slice, a fintech startup, and NESFB, a bank, has united their operations, assets, and brand identities into a single banking institution. 5. InsuranceDekho is set to merge with RenewBuy in a cash-and-stock deal, creating a combined entity valued at over $1 billion. 6. Classplus, an edtech startup backed by investors like Tiger Global and Blume Ventures, is looking to engage in mergers and acquisitions as it reduces its cash burn. 7. B2B ecommerce platform Udaan has secured approximately Rs 300 crore ($40.6m) in debt financing from venture debt investors including Lighthouse Canton, Stride Ventures, InnoVen Capital, and Trifecta Capital. 8. Dixon Tech's CEO, Atul Lall, predicts an annual revenue of around Rs 40,000 crore for the fiscal year, driven by the rapidly growing mobile manufacturing segment. 9. Flipkart Internet Grows Revenue By 21% YoY, Losses Down By 41% 10. Arya.ag Receives $19.8 Mn Commitment From DFC 11. ElasticRun, a B2B e-commerce platform, has reduced its losses by half in the financial year ending March 2024. The company's focus on regional brands has improved margins and led to a decrease in losses 12. Consumer durables company Atomberg Technologies, known for its energy-saving fans, reported a 31% increase in revenue from operations to INR 848 crore in the last financial year 13. RBI Expects UPI Transactions To Soon Hit 1 Bn 14. Beverage company Lahori eyes Rs 400 crore taking valuation up 3x to Rs 2,700 crore 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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Shark Tank India-featured food brand WickedGud has raised Rs 20 crore in a funding round led by Orios Venture Partners, with participation from Asiana Fund and existing investors. The Mumbai-based startup, which markets itself as a โbetter-for-youโ
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Hyderabad-based Machine manufacturing startup Autocracy Machinery has raised Rs 5 crore in a pre-Series A funding round led by Venture Catalysts. The round also saw participation from various investors, including Nikhil Jaisinghani, Bharat Jaisingha
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Newly-listed online travel ticket booking platform ixigo has reported a significant 212% increase in net profit, rising from Rs 23.4 crore in FY23 to Rs 73.1 crore in FY24. The company's operating revenue also grew by 31% during the same period, fr
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SolarSquareโs Losses Surge Despite Revenue Growth in FY24 Rooftop solar provider SolarSquare saw a 63.5% YoY revenue growth in FY24, reaching โน175 crore. However, its losses jumped 2.3X to โน69 crore due to rising costs. Revenue from operations grew
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Adil Qadri's perfume brand, AdilQadri, is currently valued at approximately 200 crores. The brand has experienced substantial revenue growth, increasing from Rs 5.3 crore in the fiscal year 2020-21 to Rs 10 crore in 2021-22, and further rising to R
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Billionaire businessman Gautam Adani has increased his stake by 1.32% in Adani Enterprises from the open market in April to June quarter, a statement to stock exchanges stated on June 14.Adani Enterprises had reported a consolidated net profit of Rs
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