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Loan apps: Corporate affairs ministry probing Chinese companies linked to loan apps; investigations at advanced stages

In recent times, Indian authorities have been cracking down on entities that are operating loan apps illegally and the ministry has also been acting against companies and related individuals for hiding beneficial ownership.
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Zeno Health: Pharmacy startup Zeno Health raises $25 million in funding round led by STIC Investments

Existing investor Lightbox is a significant participant in the round. The Mumbai-based investor had first invested in the company in 2019. So far, it has deployed $25 million into the company and holds 30% equity in the firm, Lightbox Ventures founding partner Sandeep Murthy told ET in an interaction.
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mistral ai: ETtech Explainer: All you need to know about OpenAI's rival Mistral AI

Microsoft partners with Mistral AI, enabling Mistrals AI models to run on Microsofts Azure cloud computing platform. Mistral 8x7B model surpasses GPT 3.5 and Llama 2 on performance benchmarks, reducing deployment costs. Mistral raised $415 million in funding.
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deepinder goyal: Businesses must nurture startups without seeking ownership: Zomato's Deepinder Goyal

Deepinder Goyal emphasizes the need for established businesses to nurture startups without owning them. The Startup Mahakumbh event aims to make India the largest startup ecosystem. The government launches the Bharat Startup Ecosystem Registry to unify stakeholders and support Indian startup growth.
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