Top News of the Day: 1. The Indian gaming market boasts 44% women gamers, yet only 12-14% of its workforce comprises women, with even lower representation in tech roles. 2. A federal judge ruled that Meta must face a lawsuit alleging it favors cheaper foreign workers over qualified American candidates. 3. MOC Cancer Care raises $18 Mn led by Elevation Capital 4. Triple Tap Games, a Mumbai-based gaming studio, has raised $1.2 million in its pre-seed funding round led by Eximius Ventures and Kalaari Capital 5. Vidyut raises $2.5 Mn to expand battery-as-a-service financing biz. 6. India's quick-commerce sector may struggle to maintain current growth, Blume Venture's report says 7. Cross-border payments platform HiWiPay has raised $2 million in a seed funding round led by Unicorn India Ventures. 8. Anthropic nears $61 billion valuation in new funding round 9. Micromax Informatics, a leading consumer electronics brand, has launched Startup Energy to enter the renewable energy sector. 10. UltraTech Cement is investing ₹1,800 crore to venture into the wires and cables sector, targeting a December 2026 launch. 11. Wow! Momo saw 14% growth in operating revenue in FY24, it fell far short of the 88% year-on-year surge recorded in FY23, indicating a slowdown in growth. 12. Insurtech company Go Digit has invested Rs 30 crore in pharmaceutical major Dr. Reddy’s Laboratories, acquiring a 0.32% stake in the company. 13. Quick Clean, a professional linen management solutions provider, has raised Rs 50 crore ($5.7 million) in its Series A funding round co-led by Alkemi Growth Capital and Blue Ashva Capital 14. Perfios launches new ESOP plan worth $76 Mn 15. The government, in partnership with Paytm, has signed an MoU to support Indian startups by providing mentorship, infrastructure, market access, and funding. 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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