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Harsh Dwivedi
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Medial • 2h
Top News of the Day: 1. India's Competition Commission has rejected Apple's request to pause an investigation into antitrust allegations. 2. Cross-border specialty chemical distribution platform, Elchemy, has secured $5.6 million in a funding round led by Prime Venture Partners. 3. Amazon India is planning to launch its quick commerce delivery service, known as Tez, by late December or early next year. 4. Cloud-based designer platform Figma is eyeing expansion into India to support its growing user base. Around 85% of Figma's weekly active users are located outside of the US, with a significant number in India. 5. Kitchen appliances startup Beyond Appliances has secured $2 million in funding through a round led by Fireside Ventures. 6. The Biden administration plans to decrease Intel's federal CHIPS grant from $8.5 billion to less than $8 billion due to investment delays and Intel's business struggles. 7. Howard Lutnick, the pick for Commerce secretary by US President-elect Donald Trump, is reportedly in talks to launch a $2 billion project with Tether, the largest stablecoin operator. 8. Zerodha co-founder Nithin Kamath suggests linking property prices to air and water quality as a way to combat India's soaring pollution levels 9. Pune-based fintech startup One Card is set to raise Rs 239.4 crore in equity funding from Better Tomorrow Ventures and existing investors. 10. Following a flat growth in FY23, Amazon-backed Smallcase has reported 2.2X growth during the fiscal year ending March 2024. 11. 8i Ventures, an early-stage venture capital fund, has announced the second edition of its pre-seed funding program Origami, aimed at supporting early-stage founders. 12. Co-living startup Truliv is expanding its operations in Bengaluru, India's technology capital, with a focus on micro-markets in and around Hebbal and Whitefield. 13. Tata Digital has launched quick commerce services through its app Neu Flash, offering various product categories including groceries, apparel, electronics, beauty, and personal care. 14. OpenAI accidentally deletes crucial evidence in NYT copyright case 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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