Startup
Blume Ventures leads Zoplar’s $3.4M Series A funding
Medical supplies platform Zoplar has secured $3.4 million in Series A funding, with Blume Ventures leading the round.
The startup streamlines the medical equipment purchasing process for small and medium hospitals in India. Beenext, Saison Capital, Atrium Angels, Finfirst, and LogX participated in the funding round.
Zoplar intends to use the newly raised funds to boost its operational capacity by focusing on backward integration in the supply chain and building a strong service engineering team.
Founded by Amit Sah and Umesh Sharma in 2022, Zoplar is building a full-stack medical equipment platform that tackles challenges faced by MSME hospitals, such as navigating product pricing complexities, managing multiple vendor relationships, ensuring quality after-sales service, and securing financing options.
“Their (Zoplar’s) commitment to improving the procurement and after-sales service in medical equipment is commendable and aligns with our focus on supporting ventures that drive meaningful societal change,” said Sajith Pai, Partner, Blume Ventures.
The Delhi NCR-based startup has raised total funding of $5.1 million from investors like Titan Capital, Stride Ventures and Panthera Peak.
Zoplar’s journey began when Sah, drawing on his healthcare experience, identified challenges MSME hospitals face in sourcing reliable medical equipment. Partnering with his friend Sharma, they set out to streamline medtech procurement and after-sales support in India.
“The team’s deep understanding of the healthcare landscape and their innovative approach to addressing critical challenges in medical equipment procurement present a compelling investment opportunity,” noted Anirudh Garg, Partner at Beenext.
Since its launch, Zoplar has partnered with around 300 hospitals, including leading nephrology chains like DCDC, achieving a 40% repeat customer rate.
Startup
The Worst Computer Virus of All Time: A Digital Plague Still Spreading
Imagine opening an email on a seemingly ordinary day, only to unknowingly unleash a digital monster that would wreak havoc across the globe. This is the story of MyDoom, the worst computer virus in history, responsible for over $55 billion in damages over the past 20 years. Despite extensive efforts to trace its origins, the identity and motives of its creator remain a chilling mystery. Let’s explore how this cyber nightmare continues to haunt the digital realm, infecting machines at an astonishing rate of 1.2 billion emails annually in 2025.
The Birth of MyDoom: A Day That Shook the Internet
It all began on January 26, 2004, when people worldwide started receiving peculiar emails. The subject lines varied, but the message inside often read: “I’m just doing my job, nothing personal, sorry.” Attached to these emails was a file, which, when opened, unleashed a worm into the victim’s computer. This wasn’t just another malware; MyDoom was a highly sophisticated piece of code designed to exploit vulnerabilities with ruthless efficiency.
Within hours, infected computers began sending copies of the worm to every email address in their contact lists. The sheer scale of its impact was unprecedented: within its first year, MyDoom was responsible for 25% of all emails sent globally.
How MyDoom Operates: The Anatomy of a Digital Menace
MyDoom’s core functionality was deceptively simple yet devastatingly effective:
- Rapid Self-Replication: Once activated, the worm scanned the infected computer for email addresses, sending itself to as many recipients as possible.
- Botnet Formation: Infected machines were added to a vast botnet—a network of compromised computers under the control of the virus creator.
- DDoS Attacks: MyDoom leveraged this botnet to launch Distributed Denial of Service (DDoS) attacks on major websites and servers, disrupting operations for businesses and governments alike.
Economic Fallout: A $55 Billion Digital Disaster
The financial toll of MyDoom is staggering. Direct damages, such as lost productivity and system downtime, combined with indirect costs like reputational harm, have amounted to over $55 billion. This makes MyDoom the most expensive malware outbreak in history.
To put this into perspective, the damages caused by MyDoom exceed the GDP of several small nations. Companies scrambled to enhance cybersecurity measures, while governments issued warnings to prevent further spread—yet the worm persisted.
The Unsolved Mystery: Who Created MyDoom?
Despite a $250,000 bounty offered by Microsoft for information leading to the arrest of its creator, the identity of MyDoom’s developer remains unknown. Speculations range from rogue hackers seeking fame to organised cybercriminal groups. Some even theorise it was a state-sponsored attack.
The cryptic apology in the email message (“I’m just doing my job”) adds an eerie layer to this mystery. Was it a disgruntled employee or a cyber vigilante? The truth, much like the worm itself, remains elusive.
MyDoom in 2025: A Virus That Refuses to Die
Two decades later, MyDoom is still active, sending approximately 34 million emails daily. Advances in cybersecurity have made it harder for the worm to spread, yet its persistence highlights the challenges of eradicating legacy malware. MyDoom has become the digital equivalent of a cockroach—annoying, resilient, and seemingly indestructible.
A Digital Plague for the Ages
MyDoom’s story is a cautionary tale of how one piece of malicious code can upend the digital world. Its continued activity is a reminder that the internet, for all its advancements, remains vulnerable. While cybersecurity experts work tirelessly to outsmart the next big threat, MyDoom lurks in the shadows, a relic of the early 2000s that refuses to fade away.
As we advance into an era of AI-driven technologies and quantum computing, let’s not forget the lessons MyDoom has taught us: in the digital battlefield, complacency is not an option. So, the next time you receive an email that seems “off,” think twice—it might just be MyDoom knocking on your inbox.
Startup
GrayQuest raises Rs 80 Cr in Series B funding round
Fintech startup
has raised Rs 80 crore ($9.3 million) in its latest Series B equity funding round.The fintech company, which focuses on building digital financial solutions for India’s education ecosystem, has bagged the funding from IIFL Fintech Fund, Claypond Capital (Family Office of Dr. Ranjan Pai), and existing investor Pravega Ventures.
The company plans to utilise the capital to further enhance its technology platform and significantly scale its distribution to educational institutions across the country.
“We have had quite a journey from the initial days of pitching a radically new way of collecting fees at institutions to our solutions slowly becoming a must-have for educational institutions across the country. We are thankful for the trust and conviction shown by some of India’s most respected investors to partner with us in this journey as we continue to focus our efforts on building innovative solutions that will make a significant positive impact to the lives of our customers across the education ecosystem,” said Rishab Mehta, Founder and CEO, GrayQuest.
Founded by Rishab Mehta in 2017, the Mumbai-based startup offers educational institutions a unified payments platform to enable them to digitize and boost their fee collection. Its platform enables institutions to offer their students and parents multiple payment options, including a monthly payment option to pay their annual education fees without bearing any extra costs.
“India’s education ecosystem is one of the world’s largest, with over $120 billion of education fees paid annually. However, there has been little innovation in recent decades, especially compared to similar ecosystems that have embraced digital payments. We were impressed with the category leadership and the impact GrayQuest solutions were having on some of India’s leading institutions across the country and are thrilled to partner with them on this journey,” added Mehekka Oberoi, Fund Manager, IIFL Fintech Fund.
Startup
Construction solution startup Nirmaan closes seed funding round led by Equanimity Investments
Nirmaan, a B2B managed marketplace focused on the construction materials sector, has closed its seed funding round led by Equanimity Investments. The company will use the capital to fuel its technological infrastructure, expand to new regions, and diversify its product categories.
The Kolkata-based firm aims to transform the fragmented construction materials market by leveraging technology to connect manufacturers with retailers. Launched initially by offering sanitaryware, the startup has already served more than 1,000 unique retailers within an 80-km radius of the city.
Targeting suburban metros and Tier-II/III towns in the country, Nirmaan addresses significant distribution gaps in these regions.
Rajesh, Managing Partner at Equanimity, stated, “Mayank and Manish bring decades of extensive expertise in supply chain management and possess a profound understanding of the challenges encountered by manufacturers and retailers. The construction materials industry remains highly fragmented, with national players capturing less than 50% of the market, and regional brands having an even more limited presence. We are delighted to collaborate with them as they expand their product portfolio and extend their presence across diverse geographies.”
Some of the key challenges in the sector include manufacturers facing an opaque value chain, limited market reach, and inefficient communication with retailers. Conversely, retailers struggle with brand and product discovery, frequent order fulfilment failures, and delays in delivery timelines. These challenges often lead to excessive inventory stocking, which ties up critical working capital.
Founded by Manish Maheshwari and Mayank Bhawsinghka, the platform helps manufacturers increase market reach and build brand visibility. For retailers, the solution includes a unified platform for faster discovery and procurement, enabling smaller and more frequent restocking. Through a mobile app, retailers can reduce minimum order quantities, free up working capital, and streamline their product discovery processes.
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