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Harsh Dwivedi
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Medial • 22h
Top News of the day: 1. Eternal, Zomato’s parent company, is financially outperforming Swiggy, recording its fourth profitable quarter with a ₹537 crore net profit in FY25 2. BillDesk’s revenue from operations decreased to Rs 2,334 crore during the fiscal year ending March 2024 from Rs 2678 crore in FY23, as per the company’s consolidated financial statements with the Registrar of Companies. 3. Israeli quantum computing firm Classiq raised $110 million in a funding round led by Entree Capital, increasing its total fundraising to $173 million. 4. In 2024, India's hardware engineering sector saw a 26% increase in women's job applications, reflecting a shift in a male-dominated field, according to a WorkIndia report. 5. Uber has launched Courier XL, a logistics service for large goods in Delhi NCR and Mumbai, with plans to expand further. 6. M1xchange has raised Rs 84 crore ($10 million) from Filter Capital through a secondary transaction to support its digital supply chain finance operations targeting micro, small, and medium enterprises (MSMEs). 7. Reefer container shipping platform Citrus Freight has raised Rs 2.5 crore in a bridge funding round, bringing its total funding to Rs 5.25 crore to date. 8. ISRO Chairman V Narayanan announced that 10 satellites are operational 24/7 for India's safety and security, showcasing the country's growing prowess in space technology. 9. Farmley, a Noida-based healthy snacking brand, has raised $40 million in its Series C funding round led by global consumer-focused investment firm L Catterton, with participation from existing investor DSG Consumer Partners 10. Avammune Therapeutics and its subsidiary, Avammune Lifesciences, have secured $12 million in a Series A financing round co-led by Capital 2B, Shastra VC, and Kotak Lifesciences Fund I. 11. UniCredit has partnered with Google Cloud in a 10-year deal to enhance digital transformation across 13 markets 12. Homegrown defence and drone startups in India are experiencing increased demand, driven by the conflict with Pakistan, which has prompted the Indian military to strengthen its arsenal. 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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