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India Empowers AI Startups for LLM Development

India has authorized four AI startups to create sovereign large language models (LLMs).
This initiative aims to counteract global models like OpenAI's GPT, focusing on data sovereignty and local relevance.
Startups will utilize gov...

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IndiaAI Installs 17,300 GPUs for AI Mission

India has installed over 17,300 GPUs under the IndiaAI Mission.
The initiative aims to enhance AI infrastructure and develop a large language model.
IndiaAI CEO Abhishek Singh shared the progress in a recent meeting with cloud serv...

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Delhivery Ventures Into Hyperlocal Delivery Market

Delhivery has launched 'Delhivery Direct', marking its entry into the on-demand delivery sector, a significant step for the logistics giant.
The service promises 15-minute pickups for local deliveries, using a mix of two-wheelers and...

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Ex-Unacademy CBO Launches New Eyewear Venture

Abhinav Agarwal, former CBO of Unacademy, is launching a new eyewear startup, raising $2.2 million in a seed funding round led by India Quotient.
The startup, currently in stealth mode, plans to sell products through a website and of...

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Raids Reveal Dark Side of Quick Commerce

Recent raids on Zepto and Blinkit expose the murky operations behind quick commerce's shiny facade.
FDA Maharashtra suspended Blinkit's license due to food safety violations, while Zepto faced similar charges in Mumbai.
Reports sho...

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OpenAI's Ambitious $40Bn Funding Quest

OpenAI is in talks with major investors like Reliance Industries and Saudi Arabia's PIF for a $40Bn funding round.
The funding aims to support OpenAI's infrastructure plan, Stargate, and further AI model development.
The proposed i...

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Meesho's Strategic Move: Confidential IPO Filing

Meesho is gearing up for an IPO by filing its Draft Red Herring Prospectus (DRHP) confidentially with SEBI, aiming to raise $700 Mn to $800 Mn.
The confidential route allows companies to address compliance issues quietly, avoiding me...

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Flick TV's $2.3M Boost in Microdrama Expansion

Flick TV, a microdrama platform, raised $2.3M in seed funding led by Stellaris Venture Partners.
The funds will help scale content production, adding 100 originals and four regional languages this year.
The app targets users like h...

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Nazara Acquires Smaaash for Strategic Expansion

Nazara Technologies has completed the acquisition of Smaaash Entertainment for INR 126 Cr, taking full ownership of the sports entertainment startup.
The acquisition was part of a corporate insolvency resolution process approved by t...

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Lenskart Prepares for IPO With Public Entity Shift

Lenskart's board approved a name change to 'Lenskart Solutions Limited' in preparation for an IPO.
The eyewear unicorn plans to raise $750 Mn to $1 Bn at a $7-8 Bn valuation.
Kotak Mahindra Bank and Morgan Stanley are leading the I...