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Medial • 11h
Top news of the day: 1. Eternal released its financial results for the first quarter of FY26 on Monday. The Gurugram-based company reported a 90% fall in profit for the quarter ending June 2025. 2. Eternal, parent of Zomato and Blinkit, has launched a new subsidiary, Blinkit Foods Pvt Ltd, amid the expansion of its 10-minute food delivery service, Bistro, operating in Bengaluru and Delhi-NCR. 3. Figma is targeting a $13.65 billion valuation in its U.S. IPO, planning to raise $1.03 billion by selling nearly 37 million shares priced between $25 and $28 each. 4. B2B seafood supply chain company, Captain Fresh is raising Rs 45 ($5.3 million) in debt funding from Lighthouse Canton and Stride Ventures ahead of its planned initial public offering (IPO). 5. Fashion-tech brand ANNY has raised Rs 10 crore in a pre-Series A funding round led by Atomic Capital. The proceeds will be used to expand product categories, drive innovation, enhance proprietary tech stack, hire key leadership talent, and strengthen distribution channels, ANNY said in a press release. 6. IndiQube, a provider of managed workspace solutions, submitted its red herring prospectus (RHP) to SEBI for a proposed Rs 700 crore Initial Public Offering (IPO) last week. 7. IIT Madras-incubated Plenome Technologies has raised Rs 6.5 crore in seed round from a mix of Indian and foreign investors, including lead investor Ovington Capital Partners (Luxembourg), UAE-based AADI, and angel investor Manish Gandhi. 8. EduFund, a full-stack education-planning and financing platform, has raised $6 million (Rs 50 crore) in a Series A round led by Cercano Management and MassMutual Ventures, taking its total funding to $12 million. 9. Sports-tech platform Hudle has raised $2.5 million in Series A funding led by Sky Impact Capital, with participation from Physis Capital, Atrium Venture, and notable angels including Mahesh Bhupathi, Gaurav Kapur, and the founders of Blue Tokai and Nitro Commerce 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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Mumbai-based edtech unicorn upGrad has reported raised Rs 287.5 crore (approximately $35 million) in debt from EvolutionX, Entrackr reported, citing the company's regulatory filing. The report said the edtech unicorn will use the raised capital for
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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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