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Harsh Dwivedi
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Medial • 24d
Top news of the day: 1. The Karnataka High Court has stayed a notice from the Karnataka Authority for Advance Ruling (AAR) to Juspay Technologies regarding the Namma Yatri app. 2. Vodafone Idea has expanded its 5G coverage to 23 additional cities in India, including Jaipur, Kolkata, and Lucknow. 3. LogicFlo AI, a Boston-based startup focused on life sciences, secured $2.7 million in seed funding with Lightspeed as the lead investor. 4. Maithan Alloys Ltd has announced it will indefinitely shut down its Byrnihat unit in Meghalaya from August 31 due to adverse market conditions and rising power costs. 5. Myntra's Ultimate Glam Clan program has attracted over a million content creators, enhancing user engagement and conversion rates 6. Mobikwik has promoted Saurabh Dwivedi to Chief Technology Officer and Dhruv Wadhera to Senior Vice President of offline payments. 7. Fintech-driven small-value personal loans are experiencing rising stress, with a six-quarter high delinquency rate of 3.6% for loans overdue by over 90 days, according to FACE and RBI data. 8. Israeli cybersecurity firm Cato Networks has secured $359 million in a late-stage private funding round, valuing the company at over $4.8 billion. 9. OpenAI has acquired the team behind Crossing Minds, an AI startup providing e-commerce recommendations, to enhance its AI capabilities. 10. Infra.Market plans a Rs 2,500 crore IPO but faces a downgrade from India Ratings due to debt refinancing concerns and negative cash flow. 11. Tesla has introduced its first V4 superchargers in China, now operational in locations like Shanghai, Chongqing, Gansu, and Zhejiang. 12. Lab-grown diamond jewellery brand Aukera has secured $15 million in its Series B funding led by Peak XV Partners. 13. Curefoods, a cloud kitchen operator, has filed a draft red herring prospectus with SEBI to raise Rs 800 crore through an IPO. 14. Rentomojo, a furniture and appliance rental startup based in Bengaluru, is planning to go public by fiscal year 2027. 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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