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Top News of the day: 1. Lifestyle brand DailyObjects, founded in 2012 by Saurav Adlakha and Pankaj Garg, seeks to raise additional capital between Rs 100 crore and Rs 150 crore ($11.7-$17.6 million) after receiving recent support from an existing VC backer. 2. Pepperfry, an omnichannel furniture and home goods company, raised Rs 43.3 crore from existing investors, including Norwest Venture Partners and Goldman Sachs 3. LinkedIn, owned by Microsoft, has laid off 281 employees in California as part of broader streamlining efforts, following Microsoft's announcement to cut 6,000 jobs globally. 4. Scale AI, a leading data infrastructure company for AI, has integrated the Pesto team to enhance its global talent strategy and high-quality data delivery. 5. Snitch, an Indian D2C menswear brand, raised $40 million in Series B funding led by 360 ONE Asset. 6. The Maharashtra Food and Drug Administration (FDA) suspended Zepto's food business license in Mumbai's Dharavi due to non-compliance with food safety regulations. 7. B2B ecommerce firm Udaan raised $114 million in new funding led by M&G Investments and Lightspeed Venture Partners, focusing on profitability and an impending IPO. 8. Omnichannel furniture brand Pepperfry is raising Rs 43.3 crore (approximately $5.1 million) from existing investors including General Electric Pension Fund, Norwest Venture Partners, Goldman Sachs, Panthera Growth Partners, and others. 9. Spense, a Bengaluru-based startup building programmable banking and card infrastructure, has raised $1.85 million in its pre-seed round led by GrowthCap Ventures. 10. Indian Railways will launch a sandbox policy to promote innovation by allowing startups a controlled environment to test ideas. 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.