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Top News of the Day: 1. Zetwerk, a startup, is planning to raise $1 billion through an initial public offering (IPO) after engaging in talks with JP Morgan 2. Apple Inc plans to increase its iPhone production volume to 32% and its production value to 26% in India by 2026-27. 3. Elon Musk-led Starlink has "in principle" agreed to comply with India's data localisation and security requirements, Moneycontrol reported. 4. CleverTap CEO Sidharth Malik has stepped down from his position due to personal reasons 5. Quick commerce startup Zepto is reportedly seeking to raise about $250 million from high-net-worth individuals and wealth management firms at a valuation of $5 billion 6. D2C Startup Arata’s Sales Jump 50% To INR 21 Cr In FY24 7. Amica Financial Technologies, the parent company of fintech Jupiter, reported a narrower net loss for the fiscal year ending March 2024. 8. Awfis Allots 6.16 Lakh Equity Shares Under ESOP Plan 9. Cloud-based testing platform LambdaTest recorded a net profit of Rs 18.04 crore in the fiscal year ending March 31, 2024, marking a 62% increase from the previous year. 10. SoftBank Group reported a profit of 1.2 trillion yen ($7.98 billion) in the second quarter of FY25, driven by successful IPOs of its portfolio companies. 11. Social ecommerce unicorn Dealshare sees revenue plunge 74% in FY24 12. Houseplants and urban gardening brand Ugaoo has raised Rs 47 crore ($5.6 million) in its Series A funding round led by V3 Ventures 13. Enterprise AI solutions platform Connecty AI has raised $1.8 million in its pre-seed round led by Market One Capital. 14.Admissions as a service platform Creanovation Technologies Pvt. Ltd (CTPL) has raised Rs 5 crore from growth-stage focused Physis Capital. 15. Shopfloor hyper-automation company DesignX has raised $1 million in a pre-Series A funding round led by Piper Serica Angel Fund. 16. Swiggy's upcoming IPO is set to unlock around Rs 9,000 crore in Esop wealth for about 5,000 current and former employees. 17. SoftBank Vision Fund top boss Rajeev Misra to step down 18. Edtech firm Stoa School, co-founded by Nithin 19. B2B startup StampMyVisa raises Rs 6.6 crore from Unicorn India Ventures 20. Elon Musk's AI company, xAI, is testing a free trial of its chatbot, Grok, in select regions including New Zealand. 21. Edtech firm Stoa School, co-founded by Nithin Kamath, the co-founder of Zerodha, has announced its closure. 22. Sustainable footwear startup Neeman's has announced the appointment of Sumit Maloo as its Chief Financial Officer. 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.