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Harsh Dwivedi
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Medial • 2d
Top news of the day: 1. Groww maintains lead over Zerodha and Angel One amid user base decline in June 2. Crypto exchange CoinDCX has appointed Amol Wanjari as Head of Engineering and Sangeeth Aloysius as Head of Product. 3. Varthana, an education-focused Non-Banking Finance Company (NBFC), has secured a debt investment totaling Rs 159 crore through External Commercial Borrowing (ECB) and Non-Convertible Debentures (NCD) instruments. 4. 360 ONE Asset is in talks to invest $25-40 million in Indian consumer startups, including Walko Foods, maker of NIC Ice Creams, and ayurvedic brand Kapiva. 5. Bitcoin Hyper ($HYPER) aims to improve Bitcoin’s scalability with a Layer 2 solution using the Solana Virtual Machine, allowing faster, cheaper transactions 6. Reliance Jio Platforms, led by Mukesh Ambani, has postponed its much-anticipated IPO planned for 2023 to possibly 2025. 7. Swiggy Instamart has partnered with Reliance Jio to deliver Jio phones within 10 minutes in 95 Indian cities. 8. Glen Industries' IPO, with a Rs 97 upper price band, saw a grey market premium of 31% on its second day, predicting a listing at Rs 127. 9. Hyderabad-based digital content company Chai Bisket, founded by Sharath Chandra and Anurag Reddy, has raised $5 million in seed funding to launch Chai Shots, a mobile-first OTT platform offering micro dramas. 10. Quick commerce firm Zepto is in advanced talks to raise $500 million in a new funding round led by existing backers General Catalyst, Avenir, and others, according to a Moneycontrol report. 11. Drone tech startup Enercomp Solutions has raised Rs 2 crore in a bridge round led by angel investors 12. Y Combinator's selection of Indian startups has significantly decreased, with only four in 2024 compared to 66 in 2021. 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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