Back

Top News of the Day: 1. Hissa has launched Hissa Fund I, a $35 million SEBI-registered Category II Alternative Investment Fund, to provide liquidity for Indian ESOP markets. 2. Cornerstone Ventures, a venture capital firm focused on the SaaS sector, marked the first close of its second fund, aiming for $200 million 3. Meta, the parent of Facebook, Instagram, and WhatsApp, plans to cut 5% of its workforce, aiming at low performers. Around 3,600 employees will be affected. 4. Mumbai-based skincare brand Foxtale has secured $30 million in funding, led by Japan's Kose Corporation, also involving existing investors. 5. Alphabet Inc. CEO Sundar Pichai, along with other tech leaders like Microsoft CEO Satya Nadella and Adobe CEO Shantanu Narayen, is part of a consortium bidding over £80 million for a London cricket team. 6. Mark Zuckerberg faced backlash for mistakenly claiming that numerous incumbent governments, including India's, lost power in the 2024 elections due to their COVID-19 responses. 7. Anysphere, an AI coding software maker, raised $105 million, valuing it at $2.5 billion. 8. GreenStitch, a sustainability-focused SaaS platform designed for the fashion and textile industry, has raised $1.2 million in its seed round led by Equirus InnovateX Fund, with participation from Ivycap Venture. 9. Sarla Aviation, an aerospace startup developing electric aircraft for flying taxis, has secured $10 million in funding, led by Accel. 10. Eccentric Engine, a 3D tech partner for automotive players, has raised $5 million in its pre-Series A round co-led by Exfinity Venture Partners and Arkam Ventures. 11. Chennai-based spacetech startup OrbitAID has raised $1.5 million in its pre-seed round led by Unicorn India Ventures. 12. Sukoon Unlimited, an agetech startup and a community-driven platform for seniors, has raised $430K in its pre-seed round. 13. TyrePlex raises Rs 20 Cr from PeerCapital, Titan Capital, Winners Fund, others 14. Delhi NCR-based Breathe Well-being fired about 100 employees in a restructuring exercise last week. 15. Brokerage JM Financial said Zomato and Jio Financial Services could be included in the benchmark index Nifty 50 in March 16. A private equity firm withdrew from acquiring a stake in Theobroma Foods Pvt. Ltd after failing to agree on the bakery chain's desired valuation. 17. Climate-focused deeptech startup Ecozen has raised over $23 million in debt funding from responsAbility Investments AG, Northern Arc Capital Limited, 18. Parking management platform ParkMate has raised $1.2 million in a funding round led by Cactus Partners, along with participation from existing investors like Venture Catalysts and the Marwah Group Family Office 19. Vernacular social media platform ShareChat is reportedly laying off about 5% of its workforce, marking its second round of layoffs in the past six months. 20. Swiggy has received approval from the Ministry of Corporate Affairs to establish Swiggy Sports, a subsidiary focused on sports and recreational activities. 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.