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Top News of the week: 1. Fundings: - Growth and late-stage funding reached $258.5 million this week, led by B2B marketplace Jumbotail raising a $120 million round led by SC Ventures to become the latest entrant into the unicorn club. - It was followed by Infra.Market’s $50 million debt raise from Mars Growth Capital. - Eggoz, a consumer egg brand, and spiritual tech startup AppsForBharat secured $20 million each in their Series C rounds. - Other notable fundraises came from D2C lab-grown diamond brand Aukera, NBFC FincFriends, sustainable packaging startup Bambrew, agri-tech firm Eeki, and sports brand Agilitas Sports. - Further, 15 early-stage startups collectively raised around $31.78 million in funding led by regulatory compliance platform Zango AI raising $4.8 million in Seed round led by Nexus Venture Partners followed by deeptech startup Maieutic Semiconductor, fertility-tech startup Luma Fertility, Deeptech startup AjnaLens, B2B infrastructure platform for fixed deposit (FD) distribution Blostem also raised a sum but did not disclose the amount raised. 2. Key Hirngs and Departures: - Fintech platform MobiKwik has promoted Saurabh Dwivedi to CTO and Dhruv Wadhera to SVP, Offline Payments, to strengthen its core operations. - IPO-bound merchant payments company Pine Labs will appoint Sameer Kamath as its new chief financial officer. - Glance has appointed Amit Bansal to lead the future of AI-led commerce with Roposo. Wellbeing Nutrition appointed Varun Kandhari as its new Chief Marketing and Growth Officer. 3. M&As: - Zoho Corporation has acquired Kochi-based deeptech startup Asimov Robotics. - Founded in 2012, Asimov Robotics builds robotic solutions to help industries manage hazardous and repetitive tasks. 4. Other Developments: - Curefoods posts Rs 746 Cr revenue in FY25, dessert-led income grows 95% - Virtual spiritual app Vama doubles its revenue in FY25 - Meesho files confidential DRHP to raise $500 Mn in primary capital - Govt revises ride-hailing rules: 2X surge cap, cancellation fee, and push for bike taxis - UPI records marginal dip in June with 18.4 Bn transactions 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.