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

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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SaaS firm Kovai.co charts product-led growth strategy for unicorn status

SaaS firm Kovai.co charts product-led growth strategy for unicorn status

Kovai.co is aiming for unicorn status as the Software as a Service (SaaS) company pursues a product-led growth strategy, according to founder and CEO Saravana Kumar. With a leaner product portfolio, Kumar said the business is working on a customer success product — one of the fastest-growing product sectors in SaaS — that will be released this year. “We see huge potential for this product. On its own, it can reach $50 million annual revenue,” he said. He estimated Kovai.co to reach unicorn status, or privately held company with a…

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Sourav Ganguly joins hands with Noida-based edtech startup Classplus

After a cryptic tweet, BCCI President Sourav Ganguly on Thursday announced a partnership with Noida-based edtech startup Classplus to promote thousands of instructors and content creators. After 30 years in Indian cricket, Ganguly resorted to social media to promote this endeavour. “The first step towards achieving your dreams is having the right coach.” Ganguly says in the 30-second short. Classplus claims to have digitised over a lakh educators and content creators in over 3,000 cities, servicing 30 million students and aiding them in growing their online profile and selling their online…

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Upcoming startup event in Bengaluru-2022

Indiafirst tech startup conclave & awards coming to the silicon valley of India: Bengaluru, after the grand success of its Delhi chapter back in February.   The conclave is one of the most prominent and innovative events in India, with a collective goal of strengthening the country’s tech startup ecosystem. The organizers” All India Council for Robotics and Automation” will host the Bengaluru chapter of its prestigious India First Tech startup conclave and awards on the 8th and 9th of June 2022. The event will feature several exhibitors, interactive sessions on tech…

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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 : Introducing the challenges

The 6th edition of Technoxian: world robotic Championship organized by the All India council for robotics and automation will be held at Indiragandhi Stadium in New Delhi from August 21st to 23rd, 2022.Every robot lover will be enthralled by the Championship’s exciting selection of robotics competitions. Let’s have a look at a few of Technoxian’s interesting tasks and how to enter the tournament in this article. RC Craft Challenge Technoxian: The World Robotics Championship hosts an RC craft challenge in which teams must construct an aerodynamically stable RC plane capable…

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Robotics education in the Indian landscape

Digital technologies can cater as a transformative force in the educational system and learning landscape. Introducing robotics to students at a younger age helps to develop creativity, ignite critical thinking and further permeate a collaborative mindset by opening the door to a handful of opportunities. The National Education Policy launched by the Indian government gives significant importance to robotics and coding. To create a learning environment empowered by innovation and the latest technological advancements. Advantages of robotics education There are a plethora of advantages served by robotics and related technologies….

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What is Robotics education?

Technology is transforming the way people live, and all industries are growing because of the impact of the latest technologies. What steps are being taken by schools to prepare the next generation for the future? The truth is that educational institutions are already doing a great deal of work in this area. Everything we see today in robotics can trace its origins to research, and an academic paradigm that brought on board policymakers, scientists, and governments. Robotics education is now becoming an increasingly important aspect of the curriculum. What is…

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Amazon Invests $1 Billion in Warehouse Robotics

Amazon has formed the Amazon Industrial Innovation Fund (AIIF), a $1 billion venture capital fund that will be used to “spur supply chain, fulfilment, and logistics innovation,” with a particular focus on automation and workplace robotics. The initiative is in response to a changing market scenario in which people are increasingly shopping online and have high expectations for delivery times and online experiences. Amazon’s new fund seeks to create solutions that either improve these features or improve the experience of storage and logistics employees. “We see an opportunity to look…

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Where will STEM education be in next 5 years?

There were over 8.6 million STEM jobs in 2015, and that number is rising exponentially. In fact, STEM jobs have grown twice as fast than any other field in the last 10 years. However, it is projected that 2.4 million STEM jobs will be unfilled by 2025. Yet, STEM education programs have not kept pace–calling into question whether there will be enough qualified employees available to take on these new positions. Worryingly, only 16% of high school graduates are proficient in STEM and interested in pursuing a STEM career. With…

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