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Medial • 20h
Top news of the day: 1. Uber and China's Baidu have partnered to deploy thousands of Baidu's Apollo Go autonomous vehicles on the Uber platform in several international markets, excluding the U.S. and mainland China. 2. Mufin Green Finance, an Indian non-bank lender, secured $6.5 million from Developing World Markets (DWM) through non-convertible debentures. 3. India's retail inflation fell to a six-year low in June, driven by declining food prices and a favorable base effect, marking the eighth consecutive month of easing inflation. 4. Elara Capital predicts Swiggy's Instamart will reach contribution margin break-even by early fiscal 2027, driven by increased average order values and new features. 5. PayU India secured Rs 302.88 crore in fresh equity from MIH Payments Holdings BV, part of the Prosus group. 6. Plum, a Bengaluru-based insurtech company, announced an INR 200 crore investment over the next three to four years to expand into full-stack digital health services 7. Intel plans to cut nearly 4,000 jobs by mid-July as part of a restructuring led by CEO Lip-Bu Tan. 8. After recording a 56% year-on-year growth in FY24, on-demand intra-city logistics platform Porter has delivered another strong performance in FY25, posting nearly 50% growth and turning profitable 9. The Wedding Company has raised $1 million in a pre-seed funding round co-led by LVX (formerly LetsVenture) and Tremis Capital, with participation from other investors including Wakefit co-founder Chaitanya Ramalingegowda, Ajith Pai, and Dropbox co-founder Arash Ferdowsi. 10. Fractal Analytics, an AI and advanced analytics solutions provider, has raised $170 million (around Rs 1,461 crore) through a secondary share sale, valuing the company at $2.44 billion. 11. WeWork India has received approval from the Securities and Exchange Board of India (SEBI) for its initial public offering (IPO), which is a pure offer for sale of up to 43.75 million shares by existing shareholders, including Embassy Buildcon and 1 Ariel Way Tenant. 12. Shivnath Thukral, former Meta policy head, joins PhonePe as Vice President for Government Affairs. 13. Microsoft is testing a "Describe Image" feature for Copilot Plus PCs, where AI generates written descriptions of images, charts, or graphs on-screen. 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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The Year of Indian Startups' IPOs Series : 1. Groww -> • Groww is planning an IPO to raise approximately ₹6,000 crore, aiming for a valuation between $6 billion and $8 billion. • In FY24, Groww reported ₹3,145 crore in revenue from operations, do
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