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Top News of the Day: 1. Fintech startup AtoB to open Bengaluru R&D centre, expand global footprint 2. Swiggy launched a standalone app, Snacc, for 10-minute food delivery, expanding its quick commerce offerings alongside Bolt. 3. Zypp Electric, a leader in electric vehicle fleet management, is seeking $25-30 million in additional funding from investors like Nuvama Wealth and Tribe Capital. 4. Infinity Fincorp, a Mumbai-based NBFC, raised $15 million from Jungle Ventures and Archerman Capital, totaling $35 million in equity funding. 5. Microsoft and IndiaAI have partnered to train 500,000 individuals on AI by 2026. 6. Apple clarifies Siri privacy stance after $95 million class action settlement 7. Banana chips brand Beyond Snack bags $8.3 million in round led by 12 Flags Group 8. Microsoft announced a small workforce reduction based on performance, affecting less than 1% of its 228,000 employees. 9. Kabeer Biswas, cofounder of Dunzo, has joined Flipkart to lead its quick commerce business, Minutes, starting January 13. 10. KredX, a Bengaluru-based supply chain finance startup, has received approval from the Reserve Bank of India to operate as a Trade Receivables Discounting System (TReDS) platform under the brand DTX. 11. Ola Electric shares dropped 5% on Wednesday after SEBI sent an administrative warning over violations with respect to disclosures made to exchanges. 12. B2B food and agritech platform Waycool raises Rs 110 crore (approximately $13 million) in debt from Grand Anicut. 13. Offline coaching firm Drishti IAS Institute crossed Rs 400 crore of revenue during the previous fiscal year ended in March 2024. 14. Medical devices company Integris Health has raised primary capital from a consortium of prominent investors, including Mukul Agarwal and India SME Fund 15. PayPal Ventures-backed Mintoak secures Rs 71 Cr in secondary funding 16. BluSmart Mobility, an EV ride-hailing service and EV charging operator, is raising Rs 425 crore (approximately $50 million) in its Series B round. 17. Swiggy Instamart expands to 76 cities, to launch a standalone app 18. NRAI to approach CCI against Zomato, Swiggy over 10-minute food delivery apps 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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2024: The Year of Indian IPOs โข In 2024, 13 Indian startups went public and made over Rs 29,000 crore ($3.4 billion). โข These included Swiggy, Mobikwik, Ola Electric, FirstCry, Ixigo, and Unicommerce. Swiggy did well, Mobikwik was popular, and Ola
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EV startup River, battery firm IBC to invest in rural Bengaluru district Bengaluru's River and International Battery Company's investments in Bengaluru rural district to create jobs and revolutionize electric mobility, supported by global investors.
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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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Fyn Mobility, an electric vehicle (EV) startup based in Bengaluru, has secured $2.5 million (approximately INR 21 crore) in an unannounced funding round. The investment was spearheaded by several prominent investors, including Vijay Kedia, founder of
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Top news of the day: 1. Zuppa, a Chennai-based deep-tech startup focused on autonomous drone systems, has raised $1.5 million in a bridge funding round led by entrepreneur Rahul Dewan (founder of Srijan Technologies) with participation from Ajay Gup
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Hike used to be a P2P messaging application but in January 2021 it shut down the product and switched to a different domain by introducing two new platforms Vibe and Rush. Hikeโs revenue from operations skyrocketed 7.8X to Rs 150.5 crore during the
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Top News of the day: 1. Ola Electric has launched #HyperDelivery, a same-day registration and delivery service for its electric two-wheelers, starting in Bengaluru with plans to expand across India. 2. Securis Finance, approved by the Reserve Bank
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Top news of the day: 1. Med-tech startup Innovodigm has raised Rs 5.5 crore in a seed funding round led by the IAN Group. IAN contributed Rs 4.5 crore, with the remaining amount invested by PadUp Ventures. 2. Ice popsicle brand Skippi has raised Rs
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Top News of the Day: 1. OpenAI CEO Sam Altman highlights India's growing significance in AI, noting a tripling of Indian users in the past year. 2. The government-backed Open Network for Digital Commerce (ONDC) postponed its network infrastructure
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