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Medial • 6h
Top news of the day: 1. Flipkart has announced a fresh ESOP (Employee Stock Option Plan) liquidity opportunity for its employees, according to an internal note from the company’s chief executive officer Kalyan Krishnamurthy. 2. The Bengaluru Metropolitan Transport Corporation (BMTC) and Bangalore Metro Rail Corporation Ltd. (BMRCL) have collaborated with apps Namma Yatri and Tummoc to facilitate seamless first- and last-mile connectivity. 3. Amazon Web Services (AWS) is set to launch an AI agent marketplace, partnering with Anthropic, during their New York City summit on July 15. 4. Paytm, despite reducing its Chinese stake to 5.85% by FY25, still holds the highest Chinese shareholding among listed new-age unicorns in India. Other companies like Swiggy (4.4%), Policybazaar (2.12%), and Zomato (1.95%) have lower percentages, while firms like Ola Electric, Nykaa, and Delhivery have none. 5. Consumer food brand Cookd has raised Rs 16 crore (around $2 million) in its pre-Series A round led by Spring Marketing Capital, with participation from Eternal Capital, Sun Icon Ventures, and PeerCheque. 6. Chargebee, a subscription billing platform, is intensifying its efforts in the Indian market as global clients anticipate increased revenue from the region. 7. Emkay's report highlights the growth potential of quick commerce in tier-II cities due to wider product ranges and lower operational costs. 8. TCS is transitioning from experimental AI projects to practical, use-case-based AI implementations that provide tangible business value. 9. VinFast, a Vietnamese EV maker, has partnered with India's BatX Energies for battery recycling and repurposing. 10. Shiprocket has launched Shunya.ai, a multimodal AI platform designed for MSMEs and D2C businesses in India. 11. Amazon has launched its rapid 10-minute delivery service, Amazon Now, in select parts of Delhi following a successful test in Bengaluru. 12. Co-working solutions provider Awfis has entered the business of manufacturing and selling furniture, marking a notable diversification from its core co-working space operations. 13. Noida-based AstroTalk closed a $14 million funding round in June last year. As of now, it has raised $34 million from Left Lane and Elev8 Capital. 14. Hindustan Unilever Limited (HUL) has appointed Priya Nair as the CEO and Managing Director, effective August 1, 2025. 15. Recruit Holdings, parent of Indeed and Glassdoor, plans to lay off around 1,300 employees amid a strategic shift towards artificial intelligence. 16. Probo Media Technologies, a platform similar to Polymarket, is under investigation by India's Enforcement Directorate (ED) for alleged illegal gambling activities. 17. Sandip Agarwal, Fund Manager at Sowilo Investment Managers, highlights that the large-cap IT sector is experiencing growth fatigue, with only 6-7% revenue growth expected in the long term. 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.
I'm just a normal gu... • 1m
Biryani Blues, a popular biryani restaurant chain, has secured $5 million in a Pre-Series C funding round. The investment was spearheaded by Yugadi Capital, the new fund from Carpediem Capital. The company intends to use this new capital to fuel sign
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Bengaluru-based healthcare company Even Healthcare has wrapped up its Series A funding round after raising $30 million (around Rs 250 crore) as it aims to boost its hospital operations. The funding round was led by existing investor Khosla Venture
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