Back

Top News of the day: 1. True North, Accel, and nine other private equity and venture capital firms are set to monetize their investments as three of their portfolio companies received regulatory approval for initial public offerings. 2. Five-year-old Eloelo reports zero revenue and Rs 99 Cr loss in FY24 3. Fintech companies like Robinhood and Affirm are experiencing significant share declines amid fears of a potential global recession triggered by President Trump’s new tariffs. 4. Aye Finance Ltd, a Gurugram-based NBFC, received SEBI approval for a Rs 5. 1,450 crore IPO, comprising a fresh issue of Rs 885 crore and an OFS of Rs 565 crore. 6. The Indian rupee dropped to its lowest point in over two weeks, affected by a weaker Chinese yuan and importer hedging. 7. Prime Minister Narendra Modi announced that over Rs 33 lakh crore in collateral-free loans have been sanctioned under the Mudra Yojana to boost entrepreneurship in India. 8. Swiggy has launched a pilot for 'MaxxSaver' on its Instamart platform, competing with Zepto's SuperSaver. 9. OpenAI is in discussions to acquire io Products, an AI hardware startup co-founded by Jony Ive and Sam Altman, potentially for over $500 million. 10. GenZ women-focused fashion brand Outzidr has raised Rs 30 crore ($3.49 million) in a seed funding round led by Stellaris Venture Partners. 11. Video telematics startup Cautio has raised Rs 11 crore as part of its ongoing seed round. 12. Transvolt Mobility Pvt Ltd, an Indian EV fleet operator, is receiving funding from a notable global investment firm to expand its fleet of zero-emission vehicles. 13. Ortella Global Capital (OG Capital) has appointed Apurva Beniwal as vice president of investments and strategy. 14. Ecom Express reported revenue from operations of Rs 1,912 crore during the first three quarters of FY25, according to an internal document reviewed by Entrackr. 15. Agritech startup Agrostar has raised Rs 57.65 crore in a fresh round from existing investors. 16. Scoutflo, an AI-powered DevOps startup, has raised Rs 1.4 crore in a pre-seed funding round led by 100X.VC and angel investors Arjun Pillai and Prasanna Venkatesan (ex-CTO, ZoomInfo India). 17. Imagine Marketing, parent of the boAt brand, has filed for an IPO through SEBI's confidential pre-filing process. 18. Scripbox, a Bengaluru-based wealthtech startup, is aiming to raise $15-20 million at a $200 million valuation, backed by improved financial metrics and industry interest in wealthtech 19. Amid global market volatility sparked by US tariff policies, several Indian startups are reconsidering their IPO plans due to compressed public market valuations. 20. Trillionloans Fintech, a subsidiary of BharatPe, surpassed Rs 1,000 crore in assets under management (AUM) in the first nine months of FY25, nearly doubling its loan book since March 2023. 21. Edtech startup SiglQ.ai has raised $9.5 million in a seed funding round co-led by The House Fund and GSV Ventures, with participation from Duolingo, General Catalyst India (Venture Highway), Peak XV Partners, Calibrate Ventures, and a group of angel investors, including Perplexity co-founder Andy Konwinski, Christian Storm, Trevor Darrell, Jitendra Malik, Srini Devadas, Sharad Malik, among others 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.