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Top News of the Day: 1. SaaS startup Zeplyn raises $3 million from Leo Capital, others 2. India's food and grocery delivery firm, Swiggy, made a strong stock market debut, listing at a 5.6% premium to its IPO price of Rs 390. 3. Prosus offers to invest $100 million in Mintifi Finserve at unicorn valuation 4. ePlane has secured $14 million in Series B funding to further its development of regulatory certifications, manned aircraft, and scaling drone technology 5. Hyderabad-based venture capital firm Pavestone has closed its Pavestone Technology Fund, raising a total of INR 816 crore. 6. BluSmart, an EV-ride hailing platform, has reported a 77% hike in gross merchandise value (GMV) for the first half of fiscal year 2025 compared to the previous year 7. US labor board bans mandatory anti-union meetings in ruling against Amazon 8. Amazon launches an online discount storefront to better compete with Shein and Temu 9. Nuveen-backed FlexiLoans is preparing for a pre-IPO funding round as it aims to reach $1 billion in assets under management (AUM). 10. SoftBank executive Sumer Juneja said the Japanese investment company will make a "thoughtful and gradual exit" from Bhavish Aggarwal-led Ola Electric. 11. Elon Musk's X Corp has hired former Tubi executive Mahmoud Reza Banki as its CFO, signaling a shift in focus for the social media platform. 12. Advanced Micro Devices (AMD) plans to lay off approximately 1,000 employees, roughly 4% of its global workforce, as it focuses on developing artificial intelligence (AI) chips to compete against Nvidia. 13. Physics Wallah has announced that it has hired Manish Sachdeva as its new Chief Financial Officer (CFO). 14. Swiggy shares fall nearly 6% as traders book profits on Day 2 after listing 15. The Competition Commission of India is looking to consolidate multiple writ petitions filed in different high courts against its investigation report. 16. OnePlay has announced the appointment of Akshat Rathee as an investor and advisor, aiming to expand its presence in the competitive gaming market. 17. Indian wearables maker, Noise, reported a net loss of Rs 20 crore in the fiscal year 2023-24, compared to a net profit of Rs 88 lakh in the previous year. 18. Agro Tech Foods Ltd, backed by Convergent, will acquire the Indian joint venture of Bharti Enterprises and Del Monte in an all-stock deal worth $154 million 19. Ride-hailing company Rapido reported reduced losses for FY24 due to cost management and optimization. 20. India's Central Consumer Protection Authority (CCPA) will investigate Ola Electric, the country's top e-scooter maker, over concerns about service standards and product issues. 21. Uber has introduced new features for its drivers in India to combat competition and driver shortages. 22. Zoomcar reports 73% decline in net loss, revenue falls to $2.2M 23. Private equity firm Blackstone has shifted its position on acquiring a majority stake in Indian snacks business Haldiram's, and is now in discussions to purchase a 20% stake valuing the company at $8bn. 24. Pune-based credit platform SarvaGram Solutions has raised ₹565 crore in a Series D funding round led by Peak XV Partners. 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.