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Top news of the day: 1. TraqCheck, an enterprise software company specializing in AI-driven background check solutions, has successfully raised Pre-Series A funding, valuing the company at over $14 million. 2. MedVital, a medtech startup focused on skin repair and wound care, has raised Rs 8.4 crore in its pre-seed round led by Nihar Parikh’s 4point0 Health Ventures. 3. Myntra has launched its home edit for the Myntra Rising Stars (MRS) programme, aiming to support emerging direct-to-consumer (D2C) brands in home furnishings and decor. 4. Coinbase experienced a cyberattack, impacting a small number of customer accounts, leading to a projected $180-$400 million loss. 5. Equirus, a diversified financial services firm, is nearing the final close of its early-stage investment fund, the Equirus InnovateX Fund, within the next two months. 6. South Korea has fined Chinese e-commerce giant Temu around $997,624 for illegally transferring Korean users' data overseas without proper disclosure, violating data protection laws. 7. 1-India Family Mart, operated by Nysaa Retail Pvt. Ltd, secured $12 million in Series D funding from Gulf Islamic Investments, Carpediem Capital, and others 8. Quikr’s revenue from operations dropped 12% to Rs 45 crore in FY24 from Rs 51 crore in FY23, according to its consolidated financial statement sourced from the Registrar of Companies (RoC) 9. Microsoft's recent layoffs have impacted around 2,000 roles in Washington, primarily affecting software developers and technical program managers. 10. Pod hotel startup Naptapgo has raised Rs 2 crore ($233K) in its pre-seed round led by Inflection Point Ventures (IPV) 11. Premium ice cream brand Hocco has raised $10 million as the first tranche of its $20 million Series B round, co-led by promoter Chona Family Office and consumer-focused venture capital firm Sauce VC. 12. Smart hiring platform, Third Bracket, raised close to ₹5 cr in seed funding from HNIs. 13. Capillary Technologies, a Bengaluru-based customer engagement software firm, acquired assets from Canada's Kognitiv, focusing on customer loyalty services. 14. Zepto is launching Zepto Atom, a subscription-based analytics platform powered by AI, to offer proprietary data to partner brands, aiding performance enhancement. 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.