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Top News of the day: 1. DCDC Health Services Pvt. Ltd. (DCDC), which operates dialysis centers under the DCDC Kidney Care brand, has raised Rs 150 crore ($17.4 million) from Singapore-based ABC Impact, an Asia-focused impact investor backed by Temasek. 2. Cloud kitchen startup Curefoods is raising Rs 56.4 crore (approximately $6.6 million) in debt, led by BlackSoil Group and with participation from existing backer Binny Bansal. 3. Delhivery appoints Milind Sharma as head of Rapid Commerce and D2C brands. 4. Meesho is gearing up for a $1 billion IPO, aspiring for a $10 billion valuation, with Morgan Stanley, Kotak Mahindra Capital, and Citi leading the process. 5. Klarna's upcoming US IPO may revive British fintech listings, according to industry insiders. 6. GenAI startup NeuralGarage became the first Indian startup to win the SXSW Pitch competition with its VisualDub technology, addressing visual discord in dubbed content by syncing lip movements with audio. 7. The Bot Company, a robotics startup co-founded by ex-Cruise CEO Kyle Vogt, has raised $150 million, valuing it at $2 billion. The funding was led by Greenoaks. 8. Celebal Technologies, an IT services provider, crossed the Rs 270 crore revenue mark with a 43% year-on-year growth in the fiscal year ending March 2024. 9. IFU CEO Lars Bo Bertram states that exiting investments in India is easier compared to most other developing countries. 10. Apna Mart, a franchise-driven omnichannel grocery and FMCG chain, has raised Rs 214.5 crore (approximately $25 million) in equity and debt led by Fundamentum Partnership Fund and Accel with the participation of existing investors. 11. The HCL-Foxconn joint venture is in talks with Larsen & Toubro and Taiwanese firm CTCI to select an EPC partner for its upcoming OSAT facility. 12. The peer-to-peer lending industry in India is experiencing a major slowdown after the Reserve Bank of India (RBI) imposed stringent regulatory guidelines. 13. Amazon India has announced the removal of referral fees for products priced below Rs 300 in over 135 categories, benefiting small businesses on its platform. 14. Krafton, the South Korean gaming company behind Battlegrounds Mobile India (BGMI), sees substantial growth potential in India's gaming market, driven by a young population and increasing smartphone adoption 15. State-run STPI-supported 134 startups raised Rs 286 crore from investors, as revealed by STPI Director General Arvind Kumar at the STPI Sangam event. 16. OpenAI and Meta are in talks with Reliance Industries for potential AI partnerships in India. 17. Payments technology company Mindgate made headlines last week after Prosusโs PayU acquired a 43.5% stake in the firm. 18. Ola Electric has commenced deliveries for its S1 Gen 3 scooter portfolio across India. 19. SBI Capital Markets has appointed Amrendra Singh as the head of its equity capital markets (ECM) division. 20. Actis, a London-based private equity firm focused on sustainable infrastructure, has acquired Stride Climate Investments from Macquarie Asset Management to enhance its renewable energy assets in India. 21. Aditya Birla Finance plans to raise $150 million to support lending in the renewable energy and e-mobility sectors in India. 22. Kerala Chief Minister Pinarayi Vijayan announced the establishment of an Emerging Technology Hub in Thiruvananthapuram, focusing on Artificial Intelligence (AI) with an investment of Rs 350 crore. 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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Rapido announces first ESOP liquidity program Ride-hailing firm Rapido has announced its first-ever Employee Stock Ownership Plan (ESOP) liquidation program for its current and former employees. Through this initiative, employees are eligible to
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Newly-listed online travel ticket booking platform ixigo has reported a significant 212% increase in net profit, rising from Rs 23.4 crore in FY23 to Rs 73.1 crore in FY24. The company's operating revenue also grew by 31% during the same period, fr
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Top news of the day: 1. Med-tech startup Innovodigm has raised Rs 5.5 crore in a seed funding round led by the IAN Group. IAN contributed Rs 4.5 crore, with the remaining amount invested by PadUp Ventures. 2. Ice popsicle brand Skippi has raised Rs
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Adil Qadri's perfume brand, AdilQadri, is currently valued at approximately 200 crores. The brand has experienced substantial revenue growth, increasing from Rs 5.3 crore in the fiscal year 2020-21 to Rs 10 crore in 2021-22, and further rising to R
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Semiconductor investments approved by India. 1. Micron Technology - Rs 22,516 crore - Sanand, Gujarat. 2. Tata Electronics & Powerchip - Rs 91,000 crore - Dholera, Gujarat. 3. Tata Electronics - Rs 27,000 crore - Morigaon, Assam. 4. CG Power + R
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follow guys Real Winner is Indian Tax department IT dept with hard work earners vs IT dept with scammers Gukesh reportedly earned nearly Rs 11 crore after winning the World Chess Championship. As per FIDE's rules, players receive USD 200,000 (aro
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Top News of the Day: 1. Electric scooter maker Ather Energy has raised Rs 286 crore or $34.5 million through debt and equity 2. Logistiex raises $250,000 in a bridge round led by PACE family office 3. Dairy brand Country Delight has raised Rs 76 c
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