Blockchain Press Releases

Yodaplus: Accelerating Indian Startup Boom with Groundbreaking Tech Enablement

Published

1 year ago

July 3, 2023

yodaplus:-accelerating-indian-startup-boom-with-groundbreaking-tech-enablement

Mumbai-based technology company Yodaplus is accelerating the expansion of the Indian startup landscape through strategic and innovative tech enablement

MUMBAI, India, July 3, 2023 /PRNewswire/ — With a comprehensive suite of services that help startups scale and thrive globally, Yodaplus is at the forefront of India’s tech startup boom.

India is fast emerging as the Silicon Valley of Asia with its booming startup ecosystem fostering innovation, driving economic growth, and creating new-age job opportunities. Catalyzing this growth and making India a hotbed of innovation are companies like Yodaplus.

By providing comprehensive digital transformation services, Yodaplus offers startups the much-needed technological edge to survive, scale, and thrive in a competitive marketplace. The company assists startups from the ground up, from fundraising to scaling.

Catalyzing Startup Success

The Indian startup ecosystem has been growing exponentially over the last five years. The number of startups in India increased from 445 in 2016 to a staggering 86,713 in 2022, as per a report by the government of India.

Companies like Yodaplus are becoming the support structure for these budding startups that usually begin with lean resources. They provide the support and leverage needed to survive in a competitive market and reach their potential.

“A quote I heard many years ago really stuck with me as I positioned Yodaplus to be a startup accelerator – an idea is only as good as its execution. Many startups in India have the right idea and vision but struggle to acquire the resources needed for full-scale execution. We supplement their operational and technological needs so they can execute as boldly and successfully as they ideate,” says founder Vishrut Srivastava.

Nutrify Today, a nutraceutical tech startup, is a fine example of how a technological pillar like Yodaplus can help a budding startup. Partnering with Yodaplus to build a robust digital platform, Nutrify Today raised seed funds of $500,000 from investor Dr Anand Swaroop. The platform now engages over 18,000 industry networks and aims to cross 450,000 by 2025.

TeamNest, an HR SaaS platform, is another such success story. Yodaplus’s technical expertise was crucial in building the HRMS platform from scratch. Financial services firm InCred Capital recognized the platform’s value, acquiring a 20% stake in TeamNest in a series A round and enabling it to expand its reach and enhance product offerings. Notably, Yodaplus’s MD, Vishrut Srivastava, is an investor in the startup.

Yodaplus also played a pivotal role in the success of IsEqualTo, an inclusive learning platform. Yodaplus not only assisted IsEqualTo in raising angel investment but also helped gain recognition through mentions in PM Narendra Modi’s esteemed Mann Ki Baat program.

These are a few of the many startups that reached their full potential because of the backing of a technological partner.

Yodaplus harnesses its experience and expertise to pave the way for startups to compete effectively in the digital age.

About Yodaplus

Yodaplus is a Mumbai-based IT services company that assists startups with the technical prowess needed to grow. Their client roster includes multilateral development banks, retail giants, blockchain companies, health tech startups, EdTech startups, and HRMS providers among others.

Although based in Mumbai, Yodaplus caters to a global clientele. With a strong foothold across India, Yodaplus is solidifying its presence in the US, UK, UAE and Singapore. MD Vishrut Srivastava brings a wealth of experience to the firm, his expertise instrumental in the growth and development of startups across various sectors.

For more information, visit yodaplus.com.

Media Contact:
Amit Pareek
Senior Manager – Marketing, Yodaplus Technologies Pvt Ltd
[email protected]

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View original content:https://www.prnewswire.co.uk/news-releases/yodaplus-accelerating-indian-startup-boom-with-groundbreaking-tech-enablement-301867893.html

Blockchain Press Releases

Compass Mining Scales Texas Operations with 25 MW Bitcoin Mining Facility, Plans Further Expansion

Published

3 days ago

December 20, 2024

CISION (PR Newswire)

compass-mining-scales-texas-operations-with-25-mw-bitcoin-mining-facility,-plans-further-expansion

Energizes Over 50 MW in 2024 Across Six States, with 35 MW Coming Online by January 2025

WILMINGTON, Del., Dec. 20, 2024 /PRNewswire/ — Compass Mining (“Compass” or the “Company”), a leading provider of Bitcoin mining hardware, hosting, and operational solutions, proudly announces the addition of a new 25 megawatts (MW) Bitcoin mining facility in Texas to its growing network of North American operations. The facility is already fully built out and will be operational with an initial 5 MW of capacity by year’s end, scaling to 25 MW in early January 2025. Compass also plans to expand the facility’s capacity to 60 MW by Q3 2025.

The new Texas facility will house a mix of relocated machines from Compass’s existing sites, as well as newly deployed units, ensuring continuity for current customers while offering new clients a seamless and turnkey Bitcoin mining experience. By January 2025, new customers purchasing machines through Compass’s platform will have the option to deploy them at the “Texas 6″ site.

“Our new Texas facility represents another milestone in our mission to make bitcoin mining more accessible for everyone,” said Paul Gosker, CEO of Compass Mining. “We bring a wealth of experience from successfully operating at multiple locations across Texas, navigating the unique grid dynamics and leveraging local resources. For this site, we will provide our support and expertise, including assisting our site partner in hiring expert technicians who meet Compass’s high standards. This ensures high uptime and reliability, delivering the quality our customers expect.”

Compass’s strategy combines vertical integration through proprietary facilities, such as the new Iowa 4 site, with partnerships at third-party facilities renowned for high uptime and reliability. This dual approach allows the company to maintain operational flexibility while delivering reliable hosting solutions. The company has energized a total of approximately 50 MW of power capacity across mining facilities in Indiana, Iowa, Ohio, Kentucky, Nebraska, and Texas in 2024, with plans to add another 35 MW by January 2025.

About Compass Mining

Compass Mining is a customer-first company that provides a platform for individuals and businesses to purchase Bitcoin mining hardware, host machines, build and manage mining facilities, and access a range of ancillary services. With a commitment to exceptional customer support and transparency, Compass Mining sets the benchmark for bitcoin mining hosting. Its mission is to make Bitcoin mining accessible to everyone. To learn more about Compass Mining or to start mining today, visit compassmining.io.

Media Contact

BlocksBridge Consulting
[email protected]

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Blockchain Press Releases

Surprises Guaranteed: Bybit Card Dishes Out Rewards in Holiday Giveaway

Published

3 days ago

December 20, 2024

CISION (PR Newswire)

DUBAI, UAE, Dec. 20, 2024 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, will be extending the festive fun with lavish virtual gifts for Bybit Card holders. From Dec. 20, 2024 to Jan. 31, 2025, with every swipe of their Bybit Card, users may get a chance to unwrap mystery gift boxes, including 1,000 in USDT and other exciting airdrops from DOGE to BTC—all rewards, no catches.

For each 100 USDT spent in eligible purchases with the Bybit Card, users will receive a lucky draw ticket to redeem a gift box on Bybit. Each gift box promises a crypto reward—from Christmas baubles in DOGE, SOL, ETH, XRP and BTC airdrops, all the way up to the grand prize of 1,000 in USDT. Registration is required and the special Holiday Giveaway ends at the end of Jan. 2025.

For users looking for a convenient way to utilize their crypto assets for daily spendings and debit payments, it is not too late to apply for the Bybit Card. The application and verification process takes minutes, and a virtual card will be issued as soon as the card is approved, enabling seamless digital payment on Apple and Android devices in applicable regions.

“The Bybit Card takes the hassle out of crypto off-ramp for regular users and weaves rewards and benefits into daily spendings. On top of regular cashbacks, we are introducing extra perks as our token of thanks to wrap up an eventful year in crypto,” said Joan Han, Sales and Marketing Director at Bybit.

The Bybit Card made expansive global footprints 2024 as crypto adoption continues to rise in the past year. Trusted and frictionless crypto payment solutions are in demand in various parts of the world, and Bybit is one of the natural habitats of crypto native consumers. Spanning from Buenos Aires to Amsterdam, the Bybit Card community is growing and so are the perks:

Up to 10% cashback in USDT, BTC and ETH on eligible purchases
Zero fees for instant virtual card issuance
Zero annual or hidden fees
Up to 8% APY

Enjoy this festive season in all its splendor. Eligible Bybit Card holders from all regions are welcome; terms and conditions apply: Bybit Card Holiday Giveaway: Swipe, Spend & Sparkle!

#Bybit / #TheCryptoArk #theBybitCard

About Bybit

Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.

For more details about Bybit, please visit Bybit Press
For media inquiries, please contact: [email protected]
For updates, please follow: Bybit’s Communities and Social Media

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Blockchain Press Releases

Bybit P2P Unlocks 20,000 USDT Prize Pools for Select Users in South Asia and Africa

Published

3 days ago

December 20, 2024

CISION (PR Newswire)

bybit-p2p-unlocks-20,000-usdt-prize-pools-for-select-users-in-south-asia-and-africa

DUBAI, UAE, Dec. 20, 2024 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, will be concluding 2024 with lucky spins all around for eligible users on Bybit P2P. With a chance at two grand bonus pools of 10,000 USDT each, select users in parts of South Asia and Africa stand to make the most of their P2P trades at Bybit.

From now to Dec. 31, 2024, eligible users may create their own P2P trading bonus at Bybit and unlock 100% chance of winning:

South Asia: Eligible users in South Asia may sign up for the Grand Spin Extravaganza
Africa: Eligible users may register to enter the P2P Prize Spinner

Successful participants may complete one or more referral, deposit, or trading tasks to earn up to 10 Lucky Draw Tickets. Tasks start at beginner level including a first-time deposit of 10 USDT. With a Ticket, users get to spin the wheel of fortune for a guaranteed airdrop from the 10,000 USDT Prize Pool.

As communities in the Global South start to build and diversify their wealth, millions are in dire need of modernized and inclusive financial infrastructures. The digital asset class offers an alternative for grassroot investors in emerging markets, demonstrating transformative power to shape the future of growth.

Bybit’s peer-to-peer trading platform provides user-friendly and trusted tools for P2P merchants and buyers. Users can compare and execute trades at an optimal price agreed upon by both parties, carried out on Bybit’s ultra smooth trading platform at zero fees. Supporting over 60 fiat currencies and over 300 payment methods, Bybit P2P contributes to democratizing access to the digital economy.

Users who have completed Bybit Identity Verification Level 1 may log in to confirm their eligibility. Terms and conditions apply.

#Bybit / #TheCryptoArk

About Bybit

For more details about Bybit, please visit Bybit Press
For media inquiries, please contact: [email protected]
For updates, please follow: Bybit’s Communities and Social Media

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View original content:https://www.prnewswire.co.uk/news-releases/bybit-p2p-unlocks-20-000-usdt-prize-pools-for-select-users-in-south-asia-and-africa-302337255.html

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