Neothera, a science-led skin health company reimagining how chronic skin conditions are treated, has raised ₹9 crore in pre-seed funding led by Blume Ventures, with participation from the Barbershop Fund (the investment syndicate led by Bombay Shaving Company Founder Shantanu Deshpande), Consumer Collective, and Veltis Capital. The round also saw
* Funds to be deployed across market expansion, deeper channel penetration, product innovation and investment in AI and technology * Operating fresh daily essentials across Delhi-NCR, Chandigarh, Ambala, Karnal and Meerut, with more cities on the way, and shipping its non-perishables like ghee and wood-pressed oils across India. * Near-2x growth in D2C,
Meta Superintelligence Labs has unveiled the release of Meta’s new AI-powered image generating and editing model Muse Image. The tool is embedded in Meta AI and lets users create, modify and transform photos using natural language prompts, complex markup features and real-time online context.
Meta has called for increased kid safety safeguards following a government notification about Instagram ads that purportedly included child sexual abuse material (CSAM). The business said it has deleted offensive adverts, suspended thousands of accounts and upgraded AI-powered detection systems.
MakeMyTrip has introduced OneCircle, a loyalty system with 13,376 hotels, homestays and alternative lodgings in 1,002 places in India and beyond. Travellers can earn reward points worth at least 10% of their accommodation spend for future bookings.
A complaint in the US seeks to fine Meta $1.4 trillion, arguing that Facebook and Instagram were designed to keep young users addicted, while misleading the public about the safety of the platforms. Four states are seeking damages before an August trial.
Here's your daily funding and key business news roundup for July 7, 2026. Pune-based Econovus Packaging raised Rs 40 crore led by Rainmatter and Physical AI startup Mowito closed a $3 million pre-seed, backed by PyTorch co-creator Soumith Chintala's network. On the business front, fitness unicorn
Cult.fit has filed its Draft Red Herring Prospectus (DRHP) with SEBI for a proposed IPO that would consist of a fresh offering of up to INR 950 crore and an offer for sale by existing investors. The funds will go into expanding gyms, reducing debt, growing retail and developing the brand.
Apple has started accepting card payments for App Store & iCloud in India after a gap of 5 years, by upgrading its payment system to conform with the RBI guidelines on card tokenisation and recurring payments.
Kareena Kapoor Khan has made a strategic investment in footwear brand Fizzy Goblet, expanding her decade-long association from ambassador to investor. The move comes as the homegrown brand targets ₹100 crore in revenue and accelerates its India and global expansion.
Gold price today, 7 July 2026: 24K gold fell 1% to ₹1,45,940 per 10g and silver dropped 1.84% to ₹2,32,150 per kg as investors booked profits and refocused on the Fed rate outlook. Check city wise rates and MCX data.
The Centre is planning a phased introduction of E21 fuel by 2027 and E25 by 2029, limiting ethanol content to 25%, as per India’s ethanol-blending roadmap. The phased roll-out is intended to ease worries about vehicle compatibility, fuel economy and infrastructural readiness.
Flipkart has announced its second ESOP liquidity scheme in two years, allowing qualifying workers to encash up to 5% of their vested stock options at INR 713.4 per share. Flipkart’s move comes after it hit major commercial milestones.
The Government of India has announced an Offer for Sale (OFS) to disinvest up to 5.04 per cent ownership in Cochin Shipyard at a floor price of Rs 1,400 per share. Non-retail investors can place bids from July 7 while retail bidding will be held on July 8.
Microsoft is planning to cut about 4,800 jobs, or 2.1% of its staff, as the tech giant accelerates investments in artificial intelligence and focuses on operational efficiency. Cuts come amid increased expenditures for AI equipment and a wider restructuring of the tech sector.
To capitalise on the increasing demand for high-end food products and enhance order values and margins, Blinkit has introduced its premium grocery offering, ‘Gourmet’ in select pincodes of Bengaluru, Delhi-NCR and Mumbai. The portal offers selected premium products.
Logistics and enterprise AI led the day's activity, though fresh cheques were thin. Bengaluru-based EV fleet startup TOCAL raised the only disclosed round, a ₹9 crore seed led by XB Group. On the public markets front, enterprise AI firm C5i filed confidential IPO papers with SEBI targeting ₹1,
Ashok Leyland has teamed with Rosmerta Recycling to enhance the commercial vehicle scrappage ecosystem in India by providing clients access to authorised vehicle scrapping facilities through its nationwide dealer network. The agreement will enable the disposal of end-of-life vehicles.
One of India's most respected founder-led creative agencies joins WTF's venture ecosystem, a landmark bet that the independent model pioneered by the likes of AKQA, Mother and Wieden+Kennedy now has a distinctly Indian future. BTG retains its founders, its team and its creative independence.
Gold price today, 6 July 2026: 24K gold held nearly flat at ₹1,47,720 per 10g while Comex gold rose 1.08%. Silver at ₹2,37,560 per kg as Comex silver jumped 2.25%. Check city wise rates and MCX data.
Meta has until July 9 to reply to concerns raised by the Ministry of Electronics and Information Technology regarding WhatsApp’s proposed username feature. The functionality could increase risks of impersonation, phishing, fraud and identity spoofing.
* Acquisition expands regional payroll capabilities across countries, enhancing support for multinational enterprises across Asia-Pacific and the Middle East * The acquisition is also expected to double AscentHR's revenue and presence across key APAC markets AscentHR, a leading provider of HR, payroll, compliance, and workforce solutions, has acquired OS HRS,
The use of artificial intelligence technologies by Tesla employees is now limited to $200 per week (about INR 19,000), with management consent needed for any expenditure beyond this. This is a change from the company's previous strategy of encouraging broad use of AI.