Indian drone startup Raphe mPhibr raises $100M as military UAV demand soars

Indian drone startup Raphe mPhibr has raised $100 million in an all-equity Series B round led by General Catalyst, as the startup aims to boost its R&D and local production capabilities amid growing demand for drones in battlefields and for border surveillance. Drones are becoming increasingly ubiquitous in global military operations. In recent and ongoing … Read more

Kalshi closes $185M round as rival Polymarket reportedly seeks $200M

Kalshi just raised a $185 million round, led by crypto-focused VC firm Paradigm, bringing the company’s valuation to $2 billion post-money, representatives from Paradigm and Kalshi confirmed to TechCrunch. “Prediction markets remind me of crypto 15 years ago: a new asset class on a path to trillions,” Matt Huang, co-founder and managing partner at Paradigm, … Read more

Wallabies release two more players for British & Irish Lions tour amid availability row | Rugby Union News

The Wallabies have released hooker Matt Faessler and centre Hunter Paisami back to the Queensland Reds as the row over Australia’s contractual obligation to release players to Super Rugby teams to face the British & Irish Lions continues. Australia head coach Joe Schmidt had hit back after the British and Irish Lions warned their hosts … Read more

Lyon relegated to Ligue 2 over finances but French giants will appeal against ‘incomprehensible’ decision | Football News

French giants Lyon have confirmed they will appeal against the “incomprehensible” decision to relegate them to Ligue 2 after failing to convince authorities they have resolved their financial difficulties. The seven-time French champions were hit with a provisional relegation back in November after racking up massive debts, and although they have since sold a number … Read more