Back

Top News of the Day: 1. NapTapGo, India’s first pod hotel startup, has raised $500,000 in pre-seed funding, backed by T9L Qube. 2. Apple vendor Jabil plans to establish a silicon photonics manufacturing factory in Gujarat with an investment of around $125 million. 3. Phi Commerce, a SaaS-based omnichannel payment solutions provider, recorded over two-fold year-on-year growth in its operating scale for the fiscal year ending March 2024. 4. Blackstone, the world's largest private equity firm, is taking its fourth Indian REIT public with an IPO worth $712 million 5. Unicorn India Ventures, a venture capital firm founded by Bhaskar Majumdar and Anil Joshi in 2016, is in the process of raising its third fund. 6. Russia-backed Nayara Energy, majority-owned by Russian entities including Rosneft, has announced a $217.5-million share buyback to assist minority stakeholders in exiting the delisted company. 7. Microsoft has departed from certain agreements with cloud provider CoreWeave due to delivery issues and missed deadlines, according to the Financial Times. 8. A US court rejected billionaire Elon Musk's bid for an preliminary injunction that would halt the transition of ChatGPT-maker OpenAI from a nonprofit to a for-profit firm 9. Razorpay has expanded into Singapore, its second market in Southeast Asia after Malaysia 10. Fujiyama Power Systems, a rooftop solar company, is launching a Rs 600 crore IPO to enhance manufacturing and repay debts. 11. AGS Transact Technologies, a payments services firm, defaulted on obligations amounting to 385.9 million rupees. 12. Reddit has introduced new moderation and analytics tools to enhance user engagement and content understanding on its platform. 13. A report by Apna.co reveals a 34% rise in the median salary of female jobseekers in Tier-II and Tier-III cities over three years. 14. Carpediem Capital, a mid-market private equity firm, has made its first investment in over a year by backing a co-working space provider. 15. Mercedes-Benz India has partnered with DPIIT to support startups through mentorship, funding access, and opportunities for scaling innovations internationally. 16. Indian consumer products distributors have filed an antitrust case against fast-delivery companies Zomato, Swiggy, and Zepto, alleging deep discounting practices. 17. Fujiyama Power Systems, a rooftop solar company, is launching a Rs 600 crore IPO to enhance manufacturing and repay debts 18. Smallest.ai, an AI startup focused on voice model technology, is in discussions to raise $10-15 million at a valuation of $50-60 million. 19. Agritech firm Fasal, backed by Omnivore and others, is divesting its fresh produce distribution business to Swiss-Indian food-tech firm Innoterra 20. Bessemer Venture Partners, a Silicon Valley venture capital firm, is preparing to launch a new India-focused investment fund. 21. Blinkit and Zepto, leading quick commerce platforms, are raising commissions to boost revenue as they aim for profitability. 22. OYO elevates Sonal Sinha as CEO of G6 Hospitality 23. Swiggy has expanded its food delivery service to 100 railway stations across 20 Indian states through a partnership with IRCTC. 24. Yenmo, backed by Y Combinator, has secured over $1 million in funding from Y Combinator, Pioneer Fund, Zaka VC, and angel investors. 25. Uber is expanding its same-day delivery service, Courier, with the new Courier XL feature for larger packages. 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.