Back

Top News of the day: 1.Magma, a B2B industrial solutions provider, has raised a $5 million Series A funding round, led by Capria Ventures. 2. Navyug Global Ventures Pvt Ltd, led by Nikhil Chandan, invested Rs 16 crore ($1.8 million) in Shrinithi Capital, a Chennai-based NBFC. 3. KFin Technologies, backed by General Atlantic, plans to acquire Singapore-based Ascent Fund Services. 4. Sterling Accuris Wellness Pvt Ltd, backed by Morgan Stanley Private Equity Asia, has acquired Gujarat & Maha Gujarat Pathology Laboratories, expanding its presence in Ahmedabad. 5. EV charging startup IPEC has secured an investment of $3 million from Nikhil Kamath and Abhijeet Pai’s Gruhas. 6. Researchers at Google DeepMind have introduced CaMeL, a novel approach to countering AI's prompt injection vulnerabilities. 7. Zepto, a quick commerce unicorn, has renamed its parent entity from Kiranakart Technologies Private Limited to Zepto Private Limited. 8. The Digital Lenders Association of India (DLAI) has rebranded to the Unified Fintech Forum (UFF) to expand its focus beyond digital lending into the broader fintech ecosystem. 9. Google has introduced the =AI() formula in Google Sheets, powered by the Gemini AI model, allowing users to perform tasks like data analysis, text summarization, and sentiment evaluation using natural language prompts. 10. Trillionloans Fintech Private Limited (TFPL), a digital-first RBI-regulated NBFC, has appointed Sandeep Singh as its new chief executive officer. 11. OfBusiness, an industrial goods and services procurement platform set to launch its IPO in the second half of 2025, has raised Rs 100 crore (about $11.7 million) led by Cornerstone Ventures. 12. Garuda Aerospace has secured Rs 100 crore in Series B funding from Venture Catalysts, valuing the company at $270 million. 13. The MeitY Startup Hub, under the Ministry of Electronics and Information Technology, has partnered with the Startup Policy Forum to foster innovation in areas like deep technology and AI. 14. Figma has confidentially filed for a U.S. IPO after a $20 billion acquisition deal with Adobe fell through due to regulatory issues. 15. Peppermint Robotics has raised Rs 34 crore (~$4 million) in its Series A funding round from JDSS, Enrsion INDIA CAPITAL, IAN, Vinners, and other angel investors. 16. Kalaari-backed mobile robotics solutions platform Peer Robotics has shut down, as the US-headquartered company is no longer operational and unable to continue its business activities 17. QSR coffee chain Nothing Before Coffee (NBC) has raised $2.3 million in a pre-Series A funding round led by Prath Ventures, along with participation from SYL Investments 18. Lab-grown diamond brand Jewelbox has raised $3.2 million in a pre-Series A funding round led by V3 Ventures, with participation from Atrium Angels, Dexter Ventures, Infinyte Club, Samarthya Capital, and existing investor JITO Incubation & Innovation Foundation (JIIF) 19. InCred Financial Services plans to launch a private credit fund to raise Rs 1,500 crore ($174 million), aimed at enhancing lending to small and mid-sized businesses. 20. Pocket FM, an audio series platform, achieved a 68% revenue growth in FY25, reaching Rs 1,768 crore, driven by its expanding content catalog and key markets like the US and India 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.