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Top News of the day 1. KRAFTON acquired a controlling stake in Nautilus Mobile for Rs 118 crore, aiming to enhance its Indian market presence. 2. Sango Capital, a South African investment firm, is raising its hybrid Fund IV, targeting mid-market investments within consumer and food value chains. 3. Bhavish Aggarwal-backed O'Be Cocktails shuts operations 4. Waymo's driverless vehicles have been involved in fewer crashes compared to human drivers after 50 million miles. 5. Luxury vacation home rental platform StayVista continued its steady growth in the last fiscal year, with revenue increasing by 23%. At the same time, the company managed to reduce its losses by over one-third in FY24. 6. Greenzo Energy India Ltd, a New Delhi-based green hydrogen technology company, is negotiating with investors for Series A funding. 7. Zaggle Prepaid Ocean Services Ltd is acquiring a majority stake in EffiaSoft Pvt Ltd, an enterprise software company. 8. To combat rising cyber frauds, MeitY Secretary S Krishnan highlights the importance of offering digital services in regional languages 9. Chargebee, a software firm that helps companies to manage revenues and assists in customer retention, has acquired AI-first customer tracking platform Trainn 10. BluSmart, an electric vehicle ride-hailing app, plans to deploy 300 electric cabs on Uber's platform amidst its challenges. 11. TVS Capital is gearing up to finalize its fourth investment fund's closure soon, after a year-and-a-half of fundraising 12. Dilip Piramal, promoter of VIP Industries Ltd, has revived plans to sell a controlling stake in the luggage and travel accessories company. 13. Mobikwik reported a Rs 1.26 crore fraud, executed by former employee Gaurav Sharma, who allegedly manipulated merchant data for personal gain between August 2023 and September 2024. 14. KRAFTON, the company behind BATTLEGROUNDS MOBILE INDIA (BGMI), has acquired a controlling stake in Pune-based game studio Nautilus Mobile for Rs 118 crore ($13.7 million). 15. Wealthtech startup Smallcase has raised $50 million in its Series D round led by Elev8 Venture Partners, a $200 million growth-stage fund focused on high-potential Indian startups. 16. Pluckk competes with Gourmet Garden, Kisankonnect, and, to some extent, Otipy. Its major competitors, Deep Rooted and Fraazo, shut down their operations after raising a sizeable amount. 17. Two Indian origin former Meta AI executives have raised $15 million for Yutori, a San Francisco-based startup that will develop AI personal assistants, the company confirmed. 18. US-based private equity firm KKR & Co. Inc has successfully sold part of its stake in an Indian drugmaker, achieving impressive returns on an investment made over four-and-a-half years ago. 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.