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Harsh Dwivedi

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Medial • 23d

Top News of the Day: 1. BigBasket has partnered with Tanishq to offer gold and silver coins to customers for the festive season. 2. Singapore-based startup Zinc, founded by Prashanth Ranganathan, has raised $25.5 million in seed funding. 3. Former Salesforce co-CEO Bret Taylor's AI startup, Sierra, has secured $175 million in funding, valuing the company at $4.5 billion. 4. The Ministry of Home Affairs (MHA) and the Indian Cybercrime Coordination Centre (I4C) have issued an alert against illegal payment gateways that facilitate money laundering. 5. The Brazilian Collective Defense Institute has filed lawsuits against TikTok, Kwai, and Meta Platforms, demanding a total of 3 billion reais ($525.27 million). 6. Lendingkart Technologies, a fintech firm, saw its revenue rise by 36.59% in FY24 to reach Rs 1,090.63 crore. 7. Bengaluru-based venture capital firm TurboStart has launched TS Bridge, an investment platform aimed at connecting investors with startups at various stages of development. 8. Jaipur-based non-bank lender Finova Capital has raised $135 million in a Series E funding round led by Avataar Venture Partners, Sofina, and Madison India Capital. 9. Bengaluru-based Vridhi Home Finance has raised INR 310 crore ($36.9 million) in a Series B funding round led by Norwest Venture Partners. 10. Cashfree has become the first fintech company to secure licences for payment aggregator (PA), payment aggregator-cross-border (PA-CB), and prepaid payment instrument (PPI) from the RBI. 11. The Reserve Bank of India Innovation Hub has created MuleHunter AI, an AI and machine learning model aimed at helping banks and financial institutions identify mule accounts used in fraudulent activities. 12. Bengaluru-based payments provider, Razorpay, has reported a 9% increase in total income for the fiscal year 2023-24, reaching Rs 2,501 crore ($336 million). 13. Paper Boat Foods, owned by Hector Beverages, has reduced its loss for FY24 by 48% to Rs 47.14 crore compared to the previous year. 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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