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Audio content app Pocket FM expects to reach an annual revenue run rate (ARR) of USD 100 million by September 2023, the company said on Tuesday. This implies that the company will be able to achieve at least USD 100 revenue by September 2024 if its growth remains consistent. "As we successfully discovered the content monetisation model in the audio space, our revenue has grown 10 times to USD 25 million ARR in just 12 months. "With the continued momentum and expected growth targets, we foresee another 4X growth in our revenue during our fifth year of operations, thus entering into the USD 100 million ARR club within five years of our operations," Pocket FM Co-founder and CEO Rohan Nayak said in a statement. Driven by micro-payment features on the platform, Pocket FM claims to have registered a 10-fold revenue growth during its fourth year of operations, with over 500,000 monthly transactions. The company also said that it has strengthened its creator community to over 500,000 ...
The results of the Common University Entrance Test (CUET) for admission to postgraduate programmes will be announced on Monday, according to UGC Chairman Jagadesh Kumar. "National Testing Agency (NTA) will declare CUET-PG results on 26 September (Monday) by 4 pm, required for Post-graduate admissions in the participating universities. Best wishes to all the students," he tweeted. The University Grants Commission on Sunday wrote to vice chancellors of universities opting for CUET to start the admission process. "You are requested to make necessary preparations for admissions, including website and web portals, so that the PG admission process may be timely started, based on the CUET score," it said. Nearly 3.6 lakh candidates just over 1.8 lakh male and 1.7 lakh female had registered for CUET-PG. The exam had recorded over 55 pc attendance. Among the universities, BHU (3.5 lakh) received the maximum number of applications, followed by JNU with 2.3 lakh applications.