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Harsh Dwivedi
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Medial • 9h
Top news of the day: 1. OpenAI plans to launch its first consumer hardware, a compact, screenless device about the size of an iPod Shuffle, by 2027. 2. Otipy, a community group buying startup that connected consumers to fresh farm produce, has abruptly shut down, leaving employees, customers, and partners seeking answers. 3. The Indian rupee experienced its strongest single-day gain in over two years, closing 0.9% higher against the U.S. dollar at 85.2125. 4. Alt Carbon, PierSight, Shuru App, and Borderless have secured early-stage funding in their respective sectors. 5. Zepto Cafe has temporarily closed in several smaller North Indian cities, including Agra, Chandigarh, Meerut, Mohali, and Amritsar. 6. Annapurna Finance, supported by investors like Piramal Alternatives, faced increased non-performing assets (NPA) in FY25, highlighting challenges within the microfinance sector. 7. Ember Sword, a crypto game, has shut down after raising $7 million and making $11 million in NFT sales. 8. Ola Electric secured board approval to raise up to Rs 1,700 crore through debt instruments, just nine months post-IPO. 9. Hocco Ice Cream, founded by Ankit Chona, has raised ₹100 crore to fuel its national expansion. 10. Healthcare edtech startup Virohan is all set to raise Rs 25.7 crore (around $3 million) in an ongoing pre-Series B round led by Blume Ventures. 11. Unnati Agri continued its growth momentum by crossing the Rs 500 crore revenue mark in the fiscal year ending March 2024. 12. Wealthtech startup Stable Money is raising Rs 173 crore (around $20 million) in a funding round led by The Fundamentum Partnership Fund, with participation from existing investors Matrix Partners, RTP Global, and Lightspeed India. 13. Builder.ai, an AI unicorn founded by Indian entrepreneurs and backed by investors like Microsoft and Qatar Investor Authority, has filed for bankruptcy. 14. Dairy company Milky Mist moves a step closer to its Rs 2,000 crore initial public offering as it passes a resolution to convert into a public company. 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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