Author: Cross Road Times
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John Abraham-Backed NOTO Bags Funding To Expand Offline Presence
SUMMARY The funding round was led by Inflection Point Ventures, with participation from JITO Incubation and Innovation Foundation and LetsVenture The company plans to use the capital to expand in Tier I & II cities, drive product innovation, expand offline presence to increase brand awareness, among others Prior to this funding round, the startup raised…
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Delhi EV Policy 2.0 Likely To Generate 20K Jobs, Set Up Battery Collection Units
SUMMARY Delhi environment minister Manjinder Singh Sirsa said that the scheme will focus on transitioning mass categories vehicles into EVs The policy also proposes setting up 13,200 public charging stations and mandates electrification of public transport fleets The government is also planning to offer purchase subsidy of up to INR 30,000 for buying EV two-wheelers…
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Specialist VCs On Ride To Empower Early-Stage Startups
SUMMARY Early-stage startups have four pitches to get right – the employee pitch, the partner pitch, the investor pitch & the consumer pitch Specialist VC firms bring immense value during the earliest stages of startup building Sector specialist VCs can increase the probability of success for these founders in these early stages by providing an…
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Small Language Models Are the New Rage, Researchers Say
The original version of this story appeared in Quanta Magazine. Large language models work well because they’re so large. The latest models from OpenAI, Meta, and DeepSeek use hundreds of billions of “parameters”—the adjustable knobs that determine connections among data and get tweaked during the training process. With more parameters, the models are better able…
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New-Age Tech Stocks See Bearish Sentiment Amid Volatile Market
SUMMARY Nineteen out of the 32 new-age tech stocks under Inc42’s coverage fell in a range of 0.44% to under 9% this week The list of gainers this week featured new-age tech companies with the biggest market cap – Eternal, Paytm, PB Fintech Sensex and Nifty 50 ended the week in the red, both declining…
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Urban Company Lines Up For IPO Race
At the start of the year, we knew that the IPO momentum was going to be super strong among Indian startups. Some of the most noted companies in the country — PhonePe, Urban Company, OYO, Pine Labs, Zepto and others — are on the cusp of going public and naturally, there was a lot of…
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Did Quick Commerce Eat ONDC’s Lunch?
In early 2023, restaurant body National Restaurant Association of India (NRAI) was gung-ho about the Open Network For Digital Commerce (ONDC) and so were other retail associations, but two years later, ONDC does not seem to have moved the needle too much. The buzz was so loud around ONDC in 2023 that various consumer and…
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WhatsApp Hit By Outage, Users Unable To Send Messages
SUMMARY By 8:16 PM, the outage peaked as many as 2,815 users reported issues with the messaging app WhatsApp on DownDetector Meta’s dashboard for business products said that WhatsApp Business API did face “low disruptions” on April 12, which impacted sending of messages for users Earlier in the day, digital payments infrastructure UPI, too, was…
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EaseMyTrip Allots 12.57 Cr Shares For Various Acquisitions
SUMMARY The company’s board approved the allotment of fresh equity shares to acquired businesses Jeewani Hospitality, Rollins International, Pfledge Home Health Care Center, and Planet Education promoters Gagandeep Singh and Sanket Champaklal Shah EaseMyTrip said that the allotted 12.57 Cr equity shares are worth INR 229.03 Cr, a premium of about 40% considering the closing…
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PhonePe & Google Pay Continue To Lead UPI In March
SUMMARY IPO-bound fintech company PhonePe maintained its leadership position in the UPI market in March, processing 864.7 Cr, or 47.25% of the total UPI transactions Following its lead was Google Pay, which notched up 36.04% of the total UPI transactions while accounting for 34.98% of the total UPI value Overall, UPI transactions in the country…
