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Top news of the day: 1. Showroom B2B, founded by Abhishek Dua and Shubham Gupta in 2020, addresses the challenges faced by Indian fashion retailers in Tier II cities. 2. EndureAir, a deeptech drone company from Noida, India, is enhancing India's drone capabilities through innovative technology for high-altitude logistics and defence applications. 3. Chennai-based GreenPod Labs, founded in 2023, helps reduce food waste in India by enhancing the shelf life of fruits using plant science and AI. 4. India began blending ethanol with petrol in 2003 to cut carbon emissions and reduce its import bill. By March 2025, it reached its goal of blending 20% ethanol, notably achieving this five years ahead of its 2030 target. 5. The Good Glamm Group will dissolve as lenders enforce charges on individual brands, leading to brand-by-brand sales. 6. Laxmi India Finance, a Rajasthan-based NBFC focused on MSME and vehicle loans, announced its IPO price band at Rs 150-158 per share, aiming to raise Rs 254 crore through both fresh issues and offers for sale. 7. The Enforcement Directorate (ED) has filed a complaint under the Foreign Exchange Management Act (FEMA) against Myntra Designs and related companies. 8. Coluxe, the new-age fine jewellery brand reimagining everyday luxury with lab-grown diamonds and gemstones, has closed its friends and family funding round. 9. Goa has introduced the Goa Startup Accelerator Program to enhance local entrepreneurship. 10. PhonePe and SBI Card have introduced a co-branded credit card, available in two versions: SELECT BLACK and PURPLE. 11. Enterprise AI infra startup Kluisz.ai has raised $9.6 million in a seed round led by RTP Global, making it one of the largest seed fundraises for an AI-focused deeptech company out of India in 2025 so far. 12. Auxano Capital has exited its investment in Wiom, a public internet infrastructure startup, delivering a 7x return through a secondary transaction. The exit was made via Auxano’s pre-fund Special Purpose Vehicle (SPV), marking its second full exit. 13. Veranda Learning, an education company offering end-to-end learning solutions across the education value chain, has completed its first-ever Qualified Institutional Placement (QIP), raising Rs 357.42 crores through the issuance of 1,58,71,173 equity shares of face value Rs 10 each. 14. Logistics solutions startup Leap India is all set to convert into a public company, signalling plans to file for an initial public offer (IPO). LEAP India was reportedly eyeing a Rs 1,000 crore IPO in 2022, but the plans were later delayed after the entity was acquired by KKR. 15. Marketing platform Grexa AI has raised Rs 15.5 crore (approximately $1.85 million) in a seed funding round led by Utsav Somani. 16. Grexa AI, founded by the creators of Testbook, has raised $1.8 million in seed funding led by Offline Club founder Utsav Somani, along with participation from DeVC, Bharat Founders Fund, Vernalis Capital, and several angel investors. 17. Inbound Aerospace, an IIT Madras-incubated startup, raised $1 million from Speciale Invest to develop autonomous, reusable re-entry vehicles for delivering and returning space experiments. 18. Gupshup raised $60 million from Globespan Capital Partners and EvolutionX Debt Capital to expand its AI-driven messaging platform and target high-growth regions like India and Latin America. 19. PayPal is launching PayPal World, a platform enabling interoperability between domestic digital wallets and its global network. 20. Chakri Lokapriya, CIO-Equities at LGT Wealth, highlights ongoing challenges in the tech sector due to the U.S. tariffs and weak discretionary demand. 21. Amazon is closing its Shanghai AI lab amid rising US-China tensions, aligning with increased US scrutiny on American companies in China. 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.