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Medial • 6m
Top News of the Day: 1. United Airlines plans to test Elon Musk's Starlink for in-flight internet services starting February, initially offering it on Embraer E-175 aircraft by spring. 2. Pony.ai, a Guangzhou-based autonomous driving company, plans to launch robotaxi services in Hong Kong, initially targeting airport staff, before expanding city-wide. 3. Uber CEO Dara Khosrowshahi has resigned from self-driving vehicle technology startup Aurora Innovation's board, as per a company filing. 4. Delhi-based entrepreneur Alok Jain said WeWork sales executive had "typical Mercedes or Land Rover showroom attitude" and asked "thousands of questions to judge" him. 5. Venture capital firm Accel has launched its eighth fund, allotting $650 million to support early-stage Indian startups. 6. WeWork's Gurgaon co-working space faced criticism from Alok Jain, founder of Weekend Investing, for the unapproachable attitude of its sales staff. 7. Amit Banerji, co-founder, chairman, and CEO of Table Space, a managed workspace provider, passed away at 44 due to a cardiac arrest. 8. Mayank Kumar, co-founder of upGrad, and Ayush Mathur, a former senior leader at OYO, have teamed up to launch BorderPlus, a platform designed to connect blue-collar workers with global job opportunities. 9. GenAI-driven healthcare insurance fraud and risk management firm Consint.AI has raised Rs 5 crore in its seed round led by Equanimity Ventures and Seafund. 10. Proptech startup Spintly has raised Rs 3.5 crore in an extended seed funding round led by Spyre VC, along with participation from Accel India, Chakra Growth Fund, Alumni Ventures, and Doctor Technology. 11. In 2024, funding for India's space industry dropped by 55% to $59.1 million, contrasting a global decline of 20%. 12. Vahdam Teas narrows losses by 68% to Rs 18 Cr in FY24 13. Honasa Consumer, the parent of Mamaearth, has appointed Lokesh Chhaparwal as Senior VP of Technology and Engineering, bringing over 13 years of expertise. 14. The National Company Law Appellate Tribunal (NCLAT) will hear Meta Platforms' appeal on January 16 against a penalty imposed by India's Competition Commission (CCI) for abuse of dominance over WhatsApp 15. Indian equity markets witnessed a sharp decline on January 6, with the market capitalisation erosion exceeding Rs 9.5 lakh crore — the steepest single-day fall in three months. 16. The Indian Space Research Organisation (ISRO) has rescheduled the docking of its Spadex mission from January 7 to January 9, 2025. 17. GoKwik reports a threefold increase in power shoppers in 2024, reaching 1.7 million. These shoppers, placing over five orders annually, contributed over 10% of the total D2C gross merchandise value. 18. OpenAI CEO Sam Altman announced the company's focus on developing superintelligence, which could significantly enhance scientific discoveries and prosperity. 19. Limelight Lab Grown Diamonds Ltd, supported by Asia's largest jewellery manufacturer Emerald Group, plans to secure Rs 50 crore ($6 million) in pre-IPO funding. 20. PokerBaazi parent crosses Rs 400 Cr revenue in FY24; profits grew 26% 21. Rishen Kapoor, Co-founder and CEO of Toplyne, has rejoined Peak XV Partners after winding down his SaaS startup focused on optimizing product-led growth strategies. 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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Adil Qadri's perfume brand, AdilQadri, is currently valued at approximately 200 crores. The brand has experienced substantial revenue growth, increasing from Rs 5.3 crore in the fiscal year 2020-21 to Rs 10 crore in 2021-22, and further rising to R
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Rapido announces first ESOP liquidity program Ride-hailing firm Rapido has announced its first-ever Employee Stock Ownership Plan (ESOP) liquidation program for its current and former employees. Through this initiative, employees are eligible to
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Slice CEO Rajan Bajaj received just Rs 12 in salary as losses grew nearly 60% in FY23: Report • Rajan Bajaj, the founder and CEO of fintech unicorn Slice, received a salary of just Rs 12 in FY23. • In contrast, FirstCry CEO Supam Maheshwari receive
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