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Medial • 19h
Top News of the day: 1. Several restaurant owners have accused food delivery platforms Zomato and Swiggy of charging them for ads and discounts without consent. 2. Commercial interior design startup Flipspaces has raised Rs 50 crore (around $5.9 million) from Asiana Fund. 3. Kalshi has raised $185 million led by Paradigm, valuing the company at $2 billion. This comes as rival Polymarket seeks $200 million at a $1 billion pre-money valuation amid regulatory challenges. 4. Indian drone startup Raphe mPhibr secured $100 million to expand R&D and production amid rising drone demand in military operations. 5. OpenAI CEO Sam Altman addressed the New York Times lawsuit at a live podcast event, highlighting the demand to retain ChatGPT and API customer data, which he opposes. 6. Tech Mahindra is experiencing significant leadership shake-ups under CEO Mohit Joshi, who assumed his role 18 months ago. Seeking to form a stable leadership team, Joshi has made 11 leadership changes within 15 months. 7. Bengaluru-based e-commerce tech startup ShopOS has raised $20 million in a funding round led by 3STATE Ventures, the investment firm founded by Flipkart co-founder Binny Bansal. 8. Online bus ticketing platform AbhiBus, part of ixigo’s bus business, has partnered with CheckMyBus, a Germany-based global intercity bus metasearch engine. 9. Former Oura CEO Harpreet Singh Rai joins Loop as President of Healthcare 10. Wiom raises $40M in growth funding led by Bertelsmann India, Accel 11. The Securities and Exchange Board of India (SEBI) fined the Bombay Stock Exchange (BSE) INR 25 lakh for failing to ensure equal access to corporate filings and inadequate action against brokers with frequent trading changes 12. India returned to human spaceflight after 41 years with Group Captain Shubhanshu Shukla's mission to the International Space Station (ISS) aboard the Axiom Space mission 13. India's online commerce sector is projected to grow from $30 billion in 2020 to $300 billion by 2030, backed by technology advances, demographic factors, and supportive policies, says a Bessemer Venture Partners report. 14. Cinépolis ties up with Amazon Pay to simplify movie payments 15. Jeff Bezos, founder of Blue Origin, reportedly spoke with US President Donald Trump twice, aiming to secure more government contracts amid a feud between SpaceX's Elon Musk and Trump 16. StayVista raises over Rs 40 crore in Series B funding round 17. Pine Labs files for IPO, eyes Rs 2,600 Cr fresh fundraise 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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