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Top News of the Day: 1. Raise Financial Services has acquired Filter Coffee, a new-age financial media startup. 2. Chinese AI startup DeepSeek's new model led to a $1 trillion loss in US and European tech stocks as investors reassess high valuations. 3. Everstone Capital, a private equity firm based in Singapore and India-focused, plans to exit its investment in a technology services digital engineering firm, according to insiders. 4. JusPay Nears Unicorn Status With $150 Mn Fundraise Amid Payment Gateway Exodus 5. Whizzo, a materials science manufacturing company in Bengaluru, raised $4.2 million in seed funding led by Lightspeed, with participation from Beenext. 6. Nakul Jain, CEO of Paytm Payments Services Limited, has resigned to pursue an entrepreneurial venture. 7. Microsoft is reportedly in discussions to purchase TikTok, as confirmed by US President Donald Trump. 8. OpenAI is seeking to dismiss a legal challenge in India from book publishers alleging copyright infringement by its ChatGPT. 9. Fintech startup Ambak raises $7 million in round led by Peak XV’s Surge 10. Innov8, a flexible workspace provider owned by OYO, raised Rs 110 crore at a Rs 1,000 crore valuation by diluting 10% equity. Family offices like Mankind Pharma and Gauri Khan lead the round. 11. Hyderabad-based electric two-wheeler manufacturer PURE EV has partnered with French climate-tech firm BE Energy to develop advanced lithium-ion battery reconditioning technology in India. 12. Curefoods, a cloud kitchen startup, has strategically invested in Dras Ice to bolster its frozen chain logistics and distribution for its cloud kitchens and QSRs. 13. Gaming startup MetaShot has secured Rs 11 crore in funding from Sauce VC and other investors to enhance team expansion, R&D, and growth. 14. Online rummy platform A23 reported flat revenue growth for the fiscal year ending March 2024. However, the company achieved a 24% increase in profits 15. Data Sutram to raise $10-12 Mn led by Lightspeed and B Capital 16. Bizloan, a non-banking finance company (NBFC) dedicated to providing credit solutions for small businesses, has raised Rs 35 crore ($4.16 million) in Series A funding round co-led by the Michael & Susan Dell Foundation 17. Veloce Fintech, a part of the Lemon Group, has launched its SEBI-registered Category-II Alternative Investment Fund (AIF), the Veloce Opportunities Fund. According to Veloce, the fund has successfully secured commitments exceeding Rs 140 crore 18. Students from the Tetr College of Business are launching 20 D2C ventures in India, spanning categories such as cosmetics, snacks, and apparel. 19. Quick commerce platform Zepto has completed its transition from being domiciled in Singapore to India, according to the company’s Chief Financial Officer 20. Healthtech platform MedMitra AI secured Rs 3 crore in a funding round led by All In Capital and WEH Ventures, with participation from angel investors. 21. Deeptech startup ThinkMetal has raised $800,000 (about Rs 6.7 crore) in a pre-Series A funding round led by YourNest Venture Capital 22. Govt unveils Rs 277 Cr TEAM initiative to integrate MSMEs with ONDC 23. Fresh produce brand Origin Fresh has secured $1 million in a pre-seed funding round led by Aeravti Ventures 24. Fintech unicorn CRED has launched a beta version of its e₹ wallet, developed in partnership with the Reserve Bank of India (RBI) and YES BANK 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.