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Top News of the Day: 1. Early investors in OYO, including Peak XV Partners and Lightspeed Venture Partners, have been selling their stakes in the company, earning substantial returns as OYO prepares for its IPO. 2. Oyo is gearing up for a public offering by filing its draft red herring prospectus by the first quarter of the financial year, marking its third IPO attempt. 3. RedNote, a Chinese social media app, attracted 500,000 American users fleeing TikTok's potential U.S. ban. 4. Amit Srivastava, Shanti Mohan, Vivek Khare, and Gagan Saksena have launched the early-stage venture capital fund SamVed, targeting a $50 million corpus 5. Apple has blocked several apps, including TikTok and other ByteDance applications like CapCut and Lemon8, in the U.S. due to compliance with the Protecting Americans from Foreign Adversary Controlled Applications 6. Paytm, operated by One 97 Communications, reported a significant decline in operational revenue, dropping 35.8% to Rs 1,827 crore in the December quarter. 7. Bluesky has launched a custom feed for TikTok-style vertical videos within its mobile app, aligning with the trend among social platforms towards video content. 8. Edtech platform BrightCHAMPS has acquired the Indian K12 education marketplace Edjust to fortify global expansion. 9. D2C lingerie brand Krvvy, a new-age functional innerwear & shapewear brand for women, has raised Rs 6.1 crore (around $705K) in its pre-seed round co-led by Titan Capital and All In Capital. 10. ProcureYard, a B2B commerce platform for raw materials, has raised a seed round of $1.72 million led by Powerhouse Ventures. 11. Curelo Launches India’s First 10-Minute Doorstep Blood Sample Collection Service – CURELO FLASH 12. Instagram has launched a new video-editing app, Edits, amidst uncertainty surrounding TikTok due to a potential U.S. ban. 13. Direct-to-consumer (D2C) brand KisanKonnect has raised $4.5 million in a Series A funding round led by Mistry Ventures. 14. Deep-tech company Prantae Solutions has raised Rs 5 crore in a seed funding round led by the IAN Group, with participation from investors such as IAN Alpha Fund, Samir Kalia, Deepank Kumar, and Nitin Zamre. 15. Bitcoin reached a record high above $109,000 as Donald Trump prepared for his presidential inauguration, promising deregulation in the cryptocurrency sector. 16. Paytm to expand to Saudi Arabia, UAE and Singapore; appoints former bureaucrat Bimal Julka to board 17. Tesla CEO Elon Musk praised President-elect Trump’s decision not to ban TikTok, citing freedom of speech. He noted the imbalance that TikTok operates in the US while X is banned in China, calling for change. 18. Blinkit, owned by Zomato, recorded a significant EBITDA loss of Rs 103 crore for October-December, up from Rs 8 crore in Q2, impacting Zomato's profitability. 19. Findi acquires BANKIT to boost financial inclusion in rural India 20. Nazara Technologies Limited has raised Rs 495 crore (nearly $60 million), led by Axana Estates LLP 21. Zomato’s revenue from operations surged 64.4% to Rs 5,405 crore in Q3 FY25 in contrast to Rs 3,288 crore in Q3 FY24. 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.