1. Times Internet has invested Rs 1,000 crore to acquire a majority stake in video platform MX Player.
2. Ecommerce delivery platform WOW Express has raised $4.5 million (about Rs 30 crore) from existing investor including, Tamarind Family Private Trust of the Mansukhani family, the co-promoters of Mirc Electronics, which owns consumer durables brand Onida.
3. UST Global, a digital transformation solutions company, has raised $250 million from Singapore’s sovereign wealth fund Temasek and marked its entry into unicorn club.
4. After China, hotel chain OYO Rooms is now looking to set up business in Indonesia, according to media reports.
5. The defence ministry has specified new rules for homegrown startups to take part in military projects. Under the new rules, startups recognised by the Department of Industrial Policy & Promotion (DIPP) under certain categories will automatically qualify to take part in specified defence projects range from aeronautics, nanotechnology and Virtual Reality to renewable technology, robotics, green technology and internet of things.
6. India Zebpay is asking their users to withdraw money before the deadline as RBI mandate to ban crypto-related businesses by July 5.
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