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Top News of the day: 1. OpenAI plans to reverse its recent GPT-4o update due to user complaints about its overly sycophantic behavior. 2. Zypp Electric, an EV fleet management company, reported a 50% revenue rise to Rs 455 crore for the fiscal year ended March 2025, driven by city expansion and growth in quick commerce. 3. Ather Energy's IPO launched on April 28 received a 16% subscription, with 8.6 million bids out of 53 million shares available. 4. Drools Pet Food Pvt Ltd, supported by L Catterton, is estimated to have exceeded $100 million in revenue for FY25. 5. Homegrown e-commerce platform Meesho has received board approval to change its legal name as part of a strategic move ahead of its public listing. 6. Go Digit General Insurance has reported steady financial performance quarter-on-quarter, as the company’s gross written premium (GWP) increased by 10% in the quarter ending March 2025. 7. Malaki, a premium beverage brand, raised Rs 5.7 crore in seed funding led by Venture Catalysts 8. AgencyMart, a B2B marketplace founded by Arnav Gupta and Harsh Agarwal, aims to solve outsourcing challenges faced by startups and MSMEs in India by offering a structured, consultative approach. 9. Nat Habit, a personal care startup focused on fresh and natural beauty products, recorded an 80% jump in revenue during the fiscal year ending March 2024. 10. After its deal with SoftBank fell through, Ultrahuman, a Bengaluru-based smart wearables company, is in talks to raise $100-120 million from WestBridge Capital, potentially valuing the firm at $500-550 million. 11. Healthcare-focused fintech startup Care.fi has raised Rs 6 crore in debt funding from RevX 12. Blueleaf Energy, a green energy platform based in Singapore and owned by Macquarie Asset Management, plans to invest up to $3 billion in India over the next five years. 13. Ultrahuman is reportedly in talks to raise $120 million in a new round led by WestBridge Capital. 14. Healthcare platform HexaHealth is set to raise Rs 37 crore (approximately $4.3 million) in its ongoing Series A round led by Orios Venture Partners with the participation of Enzia Ventures and existing investors including 3one4 Capital, Chiratae Ventures, and Omidyar Network. 15. Perfios, a software services provider for banks and financial firms, has acquired IHX, a healthcare information exchange platform, marking its third acquisition recently. 16. Tensions between India and Pakistan rose after the Pahalgam terror attack, leading India to ban 16 Pakistan-based YouTube channels. 17. Quick commerce platform Zepto is reportedly finalising a Rs 1,500 crore ($175 million) structured debt deal with Edelweiss Alternative Asset and other investors. 18. Lifestyle brand Uni Seoul has raised Rs 5 crore ($585K) in a seed funding round led by Sauce VC, with participation from Panthera Peak Ventures, Arun Venkatachalam, Sangeet Agrawal, Navin Parwal, and Yogesh Kabra. 19. Bike taxi platform Rapido plans to launch a food delivery pilot in Bengaluru, targeting large restaurant chains like McDonald's and KFC with a focus on short-distance deliveries 20. Elon Musk's xAI Holdings is in talks to raise $20 billion in fresh funding at a valuation of over $120 billion. 21. US-based space infrastructure developer Axiom Space has elevated its Chief Revenue Officer, Tejpaul Bhatia, to the post of CEO. 22. Reliance Retail is expanding its quick commerce segment, achieving 2.4x growth in orders during the March quarter. 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.