YourStory brings you today’s headlines with the latest developments across sectors. OpenAI, the maker of ChatGPT, has formally kicked off the process for an initial public offering (IPO) by confidentially filing a draft S-1 registration statement with the US Securities and Exchange Commission (SEC). The confidential filing enables the AI giant to undergo regulatory review while keeping key financial information and strategic details out of public view during the early stages of the listing process. The move comes just a week after rival Anthropic also submitted a confidential S-1 filing. With a valuation approaching $1 trillion, Anthropic is widely seen as leading the race among AI companies to reach the public markets. Quick-commerce unicorn Zepto has filed its updated draft red herring prospectus, seeking to raise Rs 8,010 crore through a combination of a fresh issue of shares and an offer for sale of 113.47 million shares by existing investors. The IPO is among the most anticipated public listings in India's startup ecosystem, coming at a time when Zepto is locked in an intense battle with Blinkit, owned by Eternal, and Swiggy's Instamart for dominance in the fast-growing quick-commerce market. The shareholders selling in the planned IPO will be Nexus Venture Partners, Contrary ZEP Holdings, Razor Ventures Zepto, Kaiser Foundation Hospitals, and Kaiser Permanente Group Trust. TheWedding Company, the Bengaluru headquartered tech-driven wedding planning and fulfilment platform, has raised $2.75 million in a seed funding round led by Wellingdon Advisors with participation from LVX, Tremis Capital and angel investor Vivek Mathur (Elevation Capital ex-Partner), Rahul Garg (Premji Invest Senior ex-Partner) and Apurva Patel, Synergy Capital Partners. The capital will be deployed to strengthen the company's wedding services catalogue, build a robust category management function, and expand its vendor partner network to standardise service delivery at scale. Fresh food brand iD Fresh Food has launched an AI-powered campaign in Telangana to spotlight the importance of hygiene, trust, and food safety in the batter category. What sets the campaign apart is its extensive use of artificial intelligence: every visual, including the settings, scenarios, and narrative imagery, has been generated using AI, says the company. The technology enables iD Fresh Food to vividly depict the often-unseen differences in hygiene standards during batter preparation, making a critical but largely invisible aspect of food production more accessible to consumers. Through the campaign, the company aims to encourage consumers to look beyond freshness and consider hygiene as a key factor in building trust and ensuring food safety. Venture Catalysts++, an early-stage VC firm, has exited partially from Rentomojo, a rental platform for furniture and appliances with a 3.4x return on the invested capital. The VC firm first invested in Rentomojo in 2019. Its latest gains are through a
