From Milky Mists’ IPO to edtech firms keen on expanding ties with US universities, YourStory brings you today’s headlines with the latest developments across sectors.
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Edtech firms keen to expand ties with US universities
Two months ago, Praneet Singh, a senior official of the Study Abroad programme of edtech firm upGrad, was at a conference organised by the National Association of Foreign Student Advisers in San Diego. He was among 8,000 educators from universities across the world when news broke out that US student visa appointments had been stalled until further notice.
There were several questions on everyone’s mind: How will universities in the United States meet enrollment goals and plan annual budgets without international students? Can they preserve diversity in their cohorts if borders are shut? How will they manage the sentiment and expectations of students already enrolled?
What lies ahead for Milky Mist as it prepares to go public
Milky Mist Dairy Food has long been a household name in Tamil Nadu. Known for its neatly packed paneer and processed cheese, the company has carved a lucrative niche for itself in India’s fragmented dairy sector by focusing on value-added products—a marked difference from the milk cartons crowding grocery shelves.
Erode-based Milky Mist has filed a draft red herring prospectus (DRHP) earlier to raise Rs 2,035 crore through an initial public offering. The deal includes a fresh issue of Rs 1,785 crore and an offer-for-sale by the promoter family worth ₹250 crore. The company plans to use the proceeds towards paying down debt, upgrading its manufacturing facility, and expanding its footprint beyond its home market in southern India.
Latest news
Eternal hits 2025 peak as shares jump 12% on robust Q1 growth
Consumer tech platform Eternal’s shares rose 12% on the NSE, touching their highest level since the beginning of the year after the company reported a 70% year-on-year growth in quarterly revenue, driven largely by strong growth in the quick commerce segment.
Shares of the company opened 8% higher at Rs 293 and later climbed as much as 12% to Rs 299 apiece.
Funding news
Lifestyle and travel focused startup Escape Plan wings $5M
Travel and lifestyle startup Escape Plan has raised $5 million in a seed round led by Jungle Ventures’ First Cheque@Jungle initiative and Fireside Ventures, the company said in a press note.
ApClub raises Rs 2 Cr to scale fitness-at-doorstep services
Bengaluru-based fitness startup ApClub has raised Rs 2 crore in its maiden pre-seed funding round. The fundraise was led by prominent fitness brand Curefit Healthcare, and enabled through the support and guidance of renowned startup accelerator PedalStart.
It also saw participation of a few angel investors, including Pranay Jivrajka (Founder and CEO of Allo Health, ex-CEO of Ola Foods).
(This article will be updated with the latest news throughout the day.)
Edited by Kanishk Singh
