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Top News of the day: 1. Goldman Sachs' private equity arm has acquired a controlling stake in HR SaaS company PeopleStrong for $130 million from Multiples PE, which previously held an 84% stake. 2. Pakistan has enlisted Binance co-founder Changpeng Zhao to establish a competitive digital finance platform. 3. CleverTap, a customer engagement and retention platform, has acquired rehook.ai, a Y Combinator-backed startup, for an undisclosed amount. 4. Development Partners International (DPI), an Africa-focused private equity firm, is venturing into the venture capital space by creating DPI Venture Capital. 5. Edtech firm upGrad partnered with UAE's Seed Group to enhance AI-powered learning and upskilling in the MENA region. 6. Capital-A, an early-stage venture capital firm, has partnered with SanchiConnect to launch MaXcel, an accelerator program for manufacturing startups and MSMEs in India. 7. Blinkit, in partnership with Airtel, is delivering SIM cards in ten minutes through its platform. 8. Honasa Consumer, parent company of Mamaearth, has intensified its conflict with Hindustan Unilever (HUL) over sunscreen efficacy claims made by digital-first brands. 9. DโDecorโs revenue from operations recorded a 4.2% year-on-year increase to Rs 816 crore in FY24 from Rs 783 crore in FY23, its consolidated financial statements sourced from the Registrar of Companies (RoC) show. 10. PhonePe has introduced UPI Circle, a feature enabling users to manage payments for family and trusted contacts without linked bank accounts. 11. NVIDIA plans to produce its AI infrastructure entirely in the United States under the $500-billion Stargate project, in collaboration with manufacturers like TSMC, Foxconn, and Wistron 12. Google is paying some of its AI engineers to remain inactive for up to a year as part of extended noncompete agreements 13. OpenAI has launched GPT-4.1, an advanced AI model optimized for coding and instruction tasks, along with its mini and nano variants. 14. Swiggy has launched a new app called Pyng, marking its official entry into the professional services market. 15. Centre for Teacher Accreditation (CENTA) has raised Rs 20 crore ($2.33 million) in its Series A1 round led by Colossa Ventures, with participation from existing investor Discovery Assets and angel investors 16. TapFin launched GoGreen Capital, a non-banking financial company (NBFC), to enhance green financing and support the transition to renewable energy. 17. Jeyandran Venugopal, former Chief Product and Technology Officer at Flipkart, is reportedly set to join Reliance Retail Ventures as CEO. 18. Cashfree Payments, an online payment processor based in Bengaluru, has appointed Piyush Anchliya as its new CFO, succeeding Vikas Guru. 19. Kraken, a leading cryptocurrency exchange, is entering the commission-free trading arena for US-listed stocks and ETFs, starting with a phased national rollout. 20. Capitalmind Financial Services Pvt. has received SEBI approval to launch Capitalmind Mutual Fund, aiming to bring quantitative investment strategies to retail investors. 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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Superfone, an all-in-one business phone and CRM app for SMBs, has raised $1.9 million in its pre-Series A funding round. The round was led by YourNest Venture Capital with an investment of $950,000, along with participation from Ankur Capital, Finsig
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Biryani Blues, a popular biryani restaurant chain, has secured $5 million in a Pre-Series C funding round. The investment was spearheaded by Yugadi Capital, the new fund from Carpediem Capital. The company intends to use this new capital to fuel sign
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Naukri parent Info Edge has made 9X growth on startup investments with an estimated gross internal rate of return (IRR) of 36%. In a letter to its shareholders, Info Edge disclosed that it has invested a total capital of INR 3,959.16 Cr via its plat
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In a significant move to bolster its financial position and support future growth, Bank of Baroda (BoB), one of India's largest public sector banks, has announced plans to raise substantial capital through debt instruments and long-term bonds. The ba
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Fyn Mobility, an electric vehicle (EV) startup based in Bengaluru, has secured $2.5 million (approximately INR 21 crore) in an unannounced funding round. The investment was spearheaded by several prominent investors, including Vijay Kedia, founder of
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Meesho's Growth Meesho, an Indian e-commerce platform, has experienced remarkable growth, with a gross merchandise value (GMV) exceeding $5 billion and 120 million monthly active users. The platform has expanded its offerings and introduced Valmo, a
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Goa-based beverage startup Latambarcem Brewers (LB Brewers) has raised $1.5 million in a pre-Series A funding round co-led by SPV, Dhruv Agarwala, and Sheba Venture Holdings, among other investors. The startup plans to use the raised capital to boo
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Exciting News in the EV Space! Bengaluru-based EV charging solutions startup IPEC has successfully raised $3 million in a funding round led by a venture capital firm co-founded by Zerodhaโs Nikhil Kamath and Abhijeet Pai. With this fresh infusion of
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