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Top News of the day: 1. Otipy, a farm-to-fork company, has raised $2 million in venture debt from Nuvama Asset Management Limited. 2. Citigroup is reducing its reliance on contractors by 30% to enhance internal technology capabilities and address regulatory concerns. 3. Entrust Family Office, a multi-family office based in Bengaluru, plans to expand operations in cities like Mumbai, Delhi, Pune, and Coimbatore amid rising high-net-worth individuals (HNIs) in India. 4. Rohit Chatter has been appointed as Angel One’s Chief Data Officer to lead AI and data science initiatives 5. Swiggy Instamart has expanded its operations to 100 cities in India, including Raipur, Siliguri, Jodhpur, and Thanjavur, aiming to meet the increasing demand for quick, 10-minute deliveries, particularly in tier II and III cities. 6. Nivara Home Finance raised Rs 220 crore in a Series B funding round led by True North, with contributions from existing investor Baring PE India and company promoters. 7. Tiger Global-backed Groyyo’s growth stalls in FY24; losses climb After achieving a 19X year-on-year growth in FY23, B2B manufacturing, and automation startup Groyyo saw its scale decline by 14.4% in the fiscal year ending March 2024. 8. Chennai-based chai retail chain Chai Kings has raised $3 million (Rs 24 crore) in its Series A funding round from A.V. Thomas and Co. (AVT). 9. Mohali-based shoe care brand SHOEGR has raised $100K in a pre-seed round from early-stage startup accelerator PedalStart. 10. Ajay Singh, founder of SpiceJet, plans to inject Rs 294 crore into the airline by converting warrants into equity shares via Spice Healthcare Pvt Ltd. 11. Delhi Metro Rail Corporation (DMRC) and Blue Dart have partnered to provide an innovative urban logistics service, pioneering a model in South Asia Pacific. 12. Maruti Suzuki India will increase vehicle prices by up to 4% from April to address rising input costs and operational expenses. This price adjustment will vary by model. 13. Thailand's investment board approved $2.7 billion worth of investments in data centres and cloud services, aiming to expand its tech sector. 14. Amid a bearish trend on Dalal Street, new-age stocks like Mobikwik and Ola Electric have seen significant declines 15. Metropolis Healthcare Ltd, led by executive chairperson Ameera Shah, is India's second-largest pathology chain. 16. Prashant Singh, co-founder of LeadSquared, asserts that AI will enhance, not replace, human roles in SaaS companies, acting as a complementary tool. 17. Ola Electric, led by Bhavish Aggarwal, is facing significant challenges, including financial issues, regulatory hurdles, and consumer complaints. 18. Migrant smugglers are increasingly using TikTok to advertise their services, showcasing clips of successful crossings, transport methods, and testimonials from migrants. 19. Renewable energy firm Ayana Renewable is set to raise Rs 150 crore (approximately $17.4 million) in debt from IL&FS Mutual Fund. 20. Amazon Seller Services will be the transferee, while Amazon Transport Services will be the transferor. 21. Jungle Ventures, a venture capital firm focused on Southeast Asia and India, is reportedly in discussions, alongside an Indian VC firm, to invest in a new consumer startup founded by a second-time entrepreneur. Jungle Ventures, based in Singapore, recently marked the initial closing of their fifth fund. 22. Uber Technologies is reportedly in early talks to acquire Gurugram-based electric cab service provider BluSmart Mobility, according to The Economic Times. 23. A91 Partners, a growth-stage investment firm, is raising a new venture capital fund, potentially increasing its total assets under management to over $1.5 billion. 24. Apple is negotiating with Google to bring its RCS messaging to Indian Android users, expanding its iMessage service beyond iPhones. 25. A Bengaluru startup led by entrepreneur Joseph Amal is building a social media platform that seeks to connect film enthusiasts with the movie industry. 26. Bangalore-based startup Appli, founded by Nanjunda P. Ramesh, has launched an app to simplify India's complex college admission process. 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.