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Info Edge-backed Edtech startup Udayy shuts down its operations

Gurgaon-based Udayy, an edtech startup focused on students from kindergarten to eighth grade, has decided to shut down its operations as it was unable to maintain sustainable growth in the hyper-competitive edtech market. Following this decision, the edtech startup has laid off its entire workforce. Saumya Yadav, one of the co-founders of Udayy, explains that the platform did not see a viable path toward business profitability with the lifting of COVID-19 norms. The increased number of children returning to school led to requests for refunds and difficulty in acquiring new customers…

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Apple likely to launch its own search engine to take on Google

Apple and Google are the two dominant forces that currently rule the market. The Cupertino-based behemoth may now compete with Google in another area dominated entirely by the latter, namely the search engine. No other search engine comes close to Google’s popularity, but Apple may soon make things tough for Google. According to sources, Apple is planning to launch a new user-centric online search. However, Apple intends to wait until January 2023 before launching the search engine. Tech blogger Robert Scoble has detailed the list of things that Apple is…

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Arya.ag acquires agriculture data science startup Prakshep

Arya.ag, a grain commerce platform located in Noida, has acquired agriculture data science firm Prakshep for an unknown sum. Arya strengthens its position as India’s largest integrated grain commerce platform and expands its technological capabilities to provide end-to-end solutions to its users with this acquisition. Arya.ag secured $60 million in Series C financing from Asia Impact SA and returning investors Lightrock India and Quona Capital in January of this year. The purchase, according to the business, would assist to boost Arya’s aim of providing cutting-edge AI/ML capabilities to farm digitalization,…

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Ruraltech startup Hesa raises $2.3M in a pre-Series A round led by Venture Catalysts

Hesa, a rural tech startup located in Telangana, has secured $2.3 million (Rs 17.8 crore) in a pre-Series A fundraising round headed by Venture Catalysts, with participation from Venture Catalysts US Chapter, Faad, Inflection Point Ventures, WFC, and other significant angel investors. The firm, founded in 2019 by Vamsi Udayagiri and Hema Nandiraju, will utilize the funds received to grow its geographical reach, develop its technological platform, and extend its capabilities in agri-fintech and commerce. Hesa allows for many API interfaces to deliver online, round-the-clock services in major sectors such…

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Binance Labs closes $500 million investment fund to boost blockchain, Web3 adoption

Binance Labs, the venture capital and incubation arm of global cryptocurrency exchange Binance, has announced the establishment of a new $500 million investment fund. The new fund will invest in ideas that will broaden the applications of cryptocurrencies and boost the adoption of Web3 and blockchain technologies. As a limited partner, it is supported by worldwide institutional investors such as DST Global Partners and Breyer Capital and other prominent private equity firms, family offices, and corporations. Changpeng Zhao ‘CZ’, Founder and CEO of Binance, said: “In a Web3 environment, the…

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Agritech startup Nutrifresh raises $5 million in funding from investors

Nutrifresh, an agritech startup, announced on Tuesday that it has raised $5 million (Rs 38.8 crore) in funding for expansion and growth. Hydroponically grown, residue-free, and chemical-free vegetables are the company’s objective. Theodore Cleary, Archer Investments; Sandiip Bhammer, Managing Partner – Green Frontier Capital; Sky Kurtz, CEO & co-founder of Pure Harvest UAE; Mathew Cyriac, Florintree Advisors & ex-managing director of Blackstone India; Soumitra Dutta, Dean Elect – Sad Business School, University of Oxford; Shaishav Dharia, Regional chief executive officer, CEO Lodha Group; Karan Gos. “The funding will be used…

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Technoxian 6.0: Glimpse of competitions

The largest robotics championship technoxian launches its 6th edition with an exciting list of competitions. The latest edition of technoxian organized by the All India Council for robotics and automation will start from August 21st to 23rd, 2022. The technoxian 6.0 now invites students, robots enthusiasts, and Robo clubs to take participation in the challenges. In this space, let’s have a close look at a few of the competitions in the largest robotic competition ever “TECHNOXIAN 6.0”. WRC innovation contest Technoxian invites technology aspirants to participate in the competition with…

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6th Edition of Technoxian: What are the competitions?

The technoxian: world robotic championship is back with a bang. The tournament organized by the All India Council for robotics and automation will be conducted from August 21st to 23rd, 2022 at Indira Gandhi Stadium, New Delhi. The Championship includes an intriguing list of robotics competitions that excites every robot enthusiast. In this article, let’s have a look at a few fun challenges of technoxian and how to participate in the competition. Technoxian: Fastest line follower The largest robotic Championship Technoxian brings the Fastest line follower competition that challenges participants…

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Govt easing compliances to exit business, data privacy, cyber security key: Piyush Goyal

Commerce and Trade Minister Piyush Goyal stated on Thursday that the government is seeking to reduce the compliance and regulatory burden on businesses so that they may operate, develop, and exit more easily amid green shoots of funding returning to India. “There’s been huge growth in manufacturing investment of late. I can see the green shoots of investment coming back to India in a big way particularly private investment,” Goyal stated on the Global Unicorn Summit organised by the Confederation of Indian Industry. While authorities funding has been ongoing, he stated the…

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Edtech unicorn Vedantu slashes course costs

As offline education institutions reopen and demand for online education declines According to chief executive and cofounder Vamsi Krishna.edtech unicorn Vedantu has been focusing on adding new languages and lowering the prices of its courses by at least 70%. “At Vedantu we had been working on how to bring the prices low so education is affordable for everyone. Our one-year long-term course for grade 6 to 12 which was earlier in the range of Rs 22,000-25,000 a year will now be available for Rs 5,000 with the use of augmented…

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