EMPOWERING INNOVATION
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India Sets Global Benchmark in Esports Governance: Online Gaming Authority to Transform Industry from May 1

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Technoxian Expands to South America: Ecuador Joins Global Robotics Movement Through Landmark WORSO–STEAMUP Partnership

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India to Host ESCOM 2.0: A Global Convergence of Esports Innovation and Industry Leadership

Harness the power of artificial intelligence to improve farming : Modi urges farmers

Prime Minister Narendra Modi has urged farmers to use scientific innovations such as artificial intelligence to improve yield, aggressively sell local natural and organic products and processed food, and promote Indian millets in the global arena. Continuing his webcast on budget provisions, Modi urged farmers and others in the agriculture sector to take advantage of rising public awareness of environmentally friendly lifestyles and the ensuing market for natural and organic products. He urged the Kisan Vikas Kendras to raise awareness about natural farming by adopting a village for natural farming…

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Top digital platforms and services operating in Russia have been directed to comply with a new law

The digital arena is where a large part of the Russia-Ukraine battle is being fought, and it may now be taking its toll on major online services and platforms. Google, Apple, Meta, Twitter, TikTok, and other companies have been given until the end of this month to comply with Russia’s new landing law. Meanwhile, outside Russia, agencies are arguing that the law is merely another attempt to tighten internet control, and tech companies are being advised to publicly reject it. The new Russian law took effect on January 1, 2022,…

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Mobile Premier League acquires German games studio GameDuell

Mobile Premier League (MPL), an Indian mobile eSports and skill gaming platform, has acquired GameDuell, a Berlin-based games studio, in order to expand its European operations. The move fits in with MPL’s overall strategy of expanding its footprint in key global markets. It already has operations in Indonesia and the United States, and with this acquisition, it will have operations on three continents. Employees from GameDuell will join the MPL team, though financial details were not disclosed. “We are excited to expand our operations to Europe after having successfully ventured…

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HP’s Make in India plans focused on local procurement of subcomponents

HP’s shipments grew by 58.7% per cent YoY in CY2021. While the company continues to grow in both the commercial and consumer segment, until now, the majority of HP’s hardware was imported in the country. The American multinational intends to change this with its “Made in India, for India” plans. The company has been manufacturing commercial desktops in India for a long time but it has now commenced local manufacturing of laptops in the country. Laptops including HP’s EliteBooks, ProBooks and HP G8 series notebooks are being made at the…

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AgNext eyes expansion in Vietnam and the Middle East

AgNext Technologies, an agritech startup, plans to launch operations in the Middle East and Vietnam in the coming months, according to Subrat Panda, AgNext’s Chief Technology Officer. According to the company, the lack of quality assessment solutions causes approximately $90 billion in losses in global agricultural trade. Agnext solves this problem with a mix of AI, machine learning, the Internet of Things (IoT), and advanced data analysis in its technology products. It claims to deliver real-time accuracy of up to 99 percent through its full-stack ‘Qualix’ platform, which provides rapid…

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Byju’s-owned upskilling platform Great Learning buys recruitment firm Superset

The upskilling platform Great Learning, which is owned by Byju, announced on Tuesday that it had acquired Superset, a recruitment platform backed by Blume Ventures. The transaction’s value was not disclosed by the company. Great Learning said in a statement that Superset will continue to operate under the leadership of its co-founders Naman Agrawal and Pranjal Goswami. Agrawal told VCCircle in an interview that Blume Ventures had exited the company as part of the deal. Superset was founded in 2017 by Weblength Infonet Pvt. Ltd with the goal of using…

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Zuckerberg reveals AI projects to power Metaverse

Mark Zuckerberg, the founder of Meta, has unveiled a slew of ambitious artificial-intelligence projects, calling AI “the key to unlocking the Metaverse.” He used the AI feature Builder Bot to create a basic virtual world, complete with an island, trees, and a beach, in a livestreamed demonstration. Mr. Zuckerberg also stated that he intends to develop a universal speech translator. “The ability to communicate with anyone in any language is a superpower that was dreamt of forever,” he said. Builder Bot was part of Meta’s CAIRaoke project to improve AI…

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Neobanking startup Niyo raises $100 Mn led by Accel and Lightrock

Niyo, a consumer neo-banking platform, has raised $100 million in a Series C round led by Accel and Lightrock India, with Beams Fintech Fund participating. This round also included existing investors Prime Venture Partners and JS Capital. The new funds come after a more than 30-month wait for the Bengaluru-based company, which raised $35 million in a Series B round in July 2019 from Horizons Ventures, Tencent, and others. According to a press release from Niyo, the funds will be used for product innovation, marketing and branding, expanding its distribution…

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Fintech startup Perfios raises $70 Mn

Perfios, a fintech startup, has raised around $70 million in a Series C round led by Warburg Pincus and Bessemer India. In November 2019, the Bengaluru-based startup raised $50 million in a Series B round led by Warburg Pincus and Bessemer Venture. According to Perfios’ regulatory filings, the company has passed a special resolution to allot 416,336 Series C preference shares at an issue price of Rs 12,610 per share to raise Rs 525 crore ($70 million). In this round, Warburg has put in Rs 412.5 crore, while Bessemer has…

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Vedanta team visits Pune to check feasibility for setting up semiconductor plant

A team from Indian conglomerate Vedanta visited Pune on Friday to assess the feasibility of establishing an electronic chip plant in the district, according to a government official. Under the government’s incentive scheme, Vedanta Group companies have applied to set up semiconductor and display manufacturing units in the country. By 2024, it expects to have display units for mobile phones and electronics devices on the market, as well as electronic chips made in India by 2025. Several automobile companies have manufacturing plants in Pune. Vedanta intends to start with 28…

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