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Medial • 6m
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 • In 2024, 13 Indian startups went public and made over Rs 29,000 crore ($3.4 billion). • These included Swiggy, Mobikwik, Ola Electric, FirstCry, Ixigo, and Unicommerce. Swiggy did well, Mobikwik was popular, and Ola
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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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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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MobiKwik Acquires 3.39% Stake in Blostem Fintech One MobiKwik Systems is acquiring a 3.39% stake in Blostem Fintech for Rs 1.49 crore as part of the second tranche of a share subscription agreement. Earlier, MobiKwik invested Rs 1.5 crore in March 2
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Oyo estimates Rs 1,100 crore PAT for FY26: Founder Ritesh Agarwal Travel tech unicorn OYO estimates its profit after tax to touch Rs 1,100 crore in the next financial year 2025-26, according to projections shared by Founder Ritesh Agarwal with the c
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