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Top News of the day : 1. TLG Capital, an Africa-focused impact investment firm, has exited its six-year investment in Express Pharmacy, a Nigerian pharmacy platform. 2. Standard Chartered’s investment arm, SC Ventures, has agreed to sell Solv India to Jumbotail, a B2B marketplace. 3. Abound, the financial super-app designed for Indians in the US, has raised $14 million in a seed funding round led by NEAR Foundation, with participation from Circle Ventures, Times Internet, and others. 4. Recruiter platform Expertia has raised Rs 20 crore in a pre-Series A funding round led by Rockstud Capital, with participation from Flipkart and its existing investors, Endiya Partners and Chiratae Ventures. 5. Fintech platform OneStack has raised $2 million in its Series A round and will secure an additional $1 million led by Pentathlon Ventures, with participation from Yatra Angel Network and continued support from existing investors 100Unicorns and Venture Catalysts. 6. Algorithmic trading-focused fintech startup AlgoBulls demonstrated hyper-growth during the fiscal year ending March 2024, while keeping tight control on expenses—with losses rising by only 50% 7. Canadian pension funds CPPIB and OTPP have invested $485 million in the National Highways Authority of India's infrastructure investment trust (NHAI InvIT) as part of an $8,340 crore equity fundraising round 8. Includ, a direct-to-consumer kids apparel brand supported by Japanese venture capital firm Incubate Fund Asia, is engaging in discussions with potential investors to secure Series A funding. 9. Polygon Labs, once valued at $20 billion during the 2021 crypto boom, has seen its market cap plummet nearly 75% to $2.53 billion by 2025. 10. The Indian government is set to launch a new cooperative-based taxi service called "Sahkar Taxi" across the country to offer an alternative to popular ride-hailing platforms like Ola and Uber. 11. Jindal Stainless invests $18 Mn in Amazon-backed M1xchange 12. Uber is extending its autonomous vehicle (AV) services through partnerships, notably with Waymo, in cities like Austin and soon Atlanta. 13. 2am VC, an early-stage India-only venture capital firm, has announced the formal launch of 2am VC Fund II. 14. Geniemode, a business-to-business cross-border e-commerce startup, recently announced $50 million in its Series C round led by Multiples Equity, with participation from Fundamentum, Paramark Ventures, and existing investor Info Edge Ventures. 15. Inflection Point Ventures (IPV) achieved 14 exits in 2024, with an impressive 36% IRR amid difficult funding conditions. 16. OSSO, a health startup focused on orthopaedics, has raised $250,000 in its pre-seed round led by Blume Ventures Founders Fund. 17. Zypp Electric, an EV fleet management firm, has reduced its workforce by 10% in a move aimed at achieving profitability before a potential public listing 18. NuVentures, a venture capital firm founded by investor Venk Krishnan in 2015, has introduced a new $75 million fund. Based in the US, the firm aims to invest in startups with strong connections to India. 19. BluSmart Mobility's CEO Anirudh Arun, Chief Business Officer Tushar Garg, and Chief Technology Officer Rishabh Sood have resigned. 20. Fintech SaaS company Zaggle has acquired 4,622 equity shares for ₹7.25 crore from Mobileware's promoters, gaining a 12.34% stake on a fully diluted basis. 21. The Startup Policy Forum (SPF), consisting of leading Indian startups like Razorpay and CRED, supports introducing a merchant discount rate (MDR) on Unified Payments Interface (UPI) for large merchants. 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.