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Top News of the day : 1. Fintech unicorn Razorpay has transitioned into a public limited company, moving closer to its planned initial public offering (IPO) 2. That Sassy Thing raised Rs 6 crore, seeing 200% growth and serving 50,000 customers. 3. InvAscent, a healthcare-focused private equity firm, invested Rs 140 crore in SRV Hospitals, a Mumbai-based multi-speciality hospital chain. 4. Blackstone reported higher-than-expected first-quarter profits, largely due to successful asset sales in its private equity and credit divisions. 5. Revfin, a digital lending platform, aims to achieve Rs 750 crore in disbursements by FY2026, focusing on significant growth within the EV financing sector. 6. Omnichannel payment solutions provider Phi Commerce is set to raise Rs 42.74 crore (approximately $5 million) through a rights issue from its existing investors, likely including BEENEXT and Opus Technologies. 7. Pune-based online fitness startup Fittr, supported by Rainmatter, achieved profitability in FY25 with revenues surging to Rs 128 crore and a profit before tax of Rs 11 crore. 8. Jeh Aerospace Pvt. Ltd, an aerospace components manufacturer backed by US-based venture capital firm General Catalyst, is seeking a second funding round. 9. VentureSoul Partners, a Mumbai-based venture debt firm, has made its sixth investment from its maiden investment vehicle, launched last September. 10. OpenAI is reportedly in discussions to buy AI-assisted coding tool Windsurf for $3 billion. 11. ChatGPT maker OpenAI released OpenAI o3 and o4-mini, which the company claims are its "smartest and most capable models to date". "They integrate uploaded images directly into their chain of thought 12. Swedish private equity firm EQT is on track to mark the first closing of its latest flagship Asia fund, BPEA Private Equity Fund IX, after securing commitments exceeding $10 billion. 13. Good Monk, the flagship brand of Superfoods Valley, has raised $2 million in pre-Series A funding round led by RPSG Capital Ventures along with participation from existing investors Multiply Ventures, Sharrp Ventures, and ThinKuvate. 14. Planck, a deep-tech startup building intelligent tools for next-generation analytics, has raised an undisclosed amount of investment in a pre-seed funding round at a valuation of $500K from Saarthee Actionable Insights, a US-based analytical firm. 15. India's economy is projected to achieve close to 6.5% GDP growth despite global trade tensions, driven by strong domestic demand and factors such as a forecasted normal monsoon, decreasing inflation, and lower crude oil prices. 16. Dream Sports, the parent company of fantasy gaming giant Dream11, is set to acquire a stake in Cricbuzz, the popular cricket media platform owned by Times Internet, according to two sources familiar with the matter. 17. InsuranceDekho’s founder and CEO, Ankit Agrawal, discusses the company’s strategic focus on execution rather than immediate further fundraising, following a recent $85-million funding round. 18. Zepto, a quick commerce platform, has rebranded from Kiranakart Technologies Pvt Ltd to Zepto Pvt Ltd following shareholder approval. 19. Home First Finance, backed by Warburg Pincus and True North, raised Rs 1,250 crore ($146 million) through an equity shares qualified institutional placement. 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