Top News of the Day: 1. Citigroup has introduced new artificial intelligence tools for its employees in eight countries, including the US, Canada, and the UK. Around 140,000 staff members will have access to these tools 2. Swiggy posts Rs 3,600 Cr revenue in Q2; Instamart contributes 13.6% 3. Dental essential focused marketplace Dentalkart has raised Rs 85 crore in its recent funding round co-led by Malabar Investment and Whiteoak. 4. Professional social media platform Medial has raised $500K in a funding round led by Ortella Global Capital (OG Capital), a fund established by Rajvardhan Mohite and former IFC executive Sayan Ghosh. 5. Chinese smartphone manufacturer OnePlus has announced plans to invest up to Rs 6,000 crore (approximately $805 million) in its India business over the next three years. 6. OpenAI, the world's most valuable AI company, has partnered with defense-tech startup Anduril Industries to incorporate its technology into counterdrone systems used by the U.S. military. 7. According to a report from UBS, the total wealth of the world's billionaires has increased by over 40% to cross $900 billion 8. Vishal Mega Mart, a major supermarket chain, is planning to launch its Rs 8,000 crore initial public offering (IPO) from December 11 to December 13. 9. E-commerce platform Swiggy is considering increasing fees for its grocery delivery arm, Instamart, in order to offset subsidies and increase profitability. 10. Neuranics, a healthcare diagnostics startup, has raised $700K in its seed round led by Inflection Point Ventures (IPV). 11. The Mumbai-based lifestyle activewear brand Terractive has raised Rs 8 crore in a pre-Series A funding round co-led by Fireside Ventures and DeVC (Matrix Partners). 12. India’s startup ecosystem has gained a unified platform with the launch of the Startup Policy Forum (SPF), an industry alliance designed to promote collaboration between policymakers and leading ventures. 13. Atmosphere–The Store Makers, a Mumbai-based innovator in retail and workspace fit-outs, has raised Rs 5 crore in a seed round co-led by Artha Venture Fund and PIL Italica Lifestyle Limited. 14. Co-working company WeWork India has opened a new centre in Bengaluru, adding 110,000 square feet of office space to its portfolio. 15. HomeLane revenue remains flat in FY24; losses down by 30% 16. NODWIN Gaming receives Rs 64 Cr from parent Nazara Technologies 17. On-demand liquidity platform The Money Club has raised $2.5 million in a Series A funding round led by Prudent Investment Managers. 18. Myntra, India's leading online fashion retailer, has launched a 30-minute delivery service called M-Now in Bengaluru. 19. Amazon Web Services (AWS) has announced that it will be providing up to $100 million in cloud credits over the next five years to support educational institutions and underserved students globally. 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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