Connect with us

Entrepreneur Stories

Arogyaswami Paulraj Gets Inducted Into American National Inventors Hall of Fame

Published

on

Indian American Scientist Arogyaswami Paulraj,Startup Stories,2018 Best Motivational Stories,2018 Business News,American National Inventors Hall,US Inventors Hall Of Fame,Indian American innovations,MIMO Wireless Technology,Arogyaswami Paulraj Success Story,Arogyaswami Paulraj Inducted Into US Inventors Hall of Fame

Indian American innovations pioneer, Arogyaswami Paulraj, got inducted into the American National Inventors Hall Of Fame for inventing the Multiple Input Multiple Out (MIMO) Wireless Technology! Dr. Paulraj’s MIMO Wireless Technology has been so forward, it has revolutionalized broadband and its ease of usability for billions of people all over the country. For India, to have an inventor recognised on a global scale is a monumental achievement as it propels India into the forefront of modern wireless technology!

MIMO, or to put it in simple words, Multiple Input Multiple Output, improves not just the transmission data rates but also helps in expanding the network coverage. MIMO has been crucial for setting the foundation for all current and future WIFI and 4G networks for broadband wireless communication.

Born in Pollachi, Tamil Nadu, in 1944, Dr. Paulraj joined the Indian Navy at the age of 15. Impressed by his academic records and his zeal for achievement, the Indian Navy sent him to study at the Indian Institute of Technology (Delhi) where he earned a Ph.D for advances to signal filtering theory.

From then on, the esteemed doctor has gone above and beyond in ensuring that his work with wireless technology extends in creating a technology friendly today and a technology forward tomorrow.  He holds 79 patents and has won several global distinctions. These include both the two top global honors for telecom pioneers – the 2011 IEEE Alexander Graham Bell Medal and 2014 Marconi Prize and Fellowship. Paulraj’s recognition in India includes the highly coveted Padma Bhushan in 2010.

The US Patent and Trademark Office (USPTO) was founded in the year 1791 and since then, it has issued around 8.8 million patents! However, as of today, only 561 inventors have been inducted into the American National Inventors Hall Of Fame, including people like Alexander Graham Bell, Thomas Edison, The Wright Brothers and Apple Co Founder, Steve Jobs.

Dr. Paulraj joins 8 other inventors in the field of wireless technology. This list includes noteworthy inventors like Guglielmo Marconi (radio technology,) Oliver Lodge (Wireless Telegraph,) Reginald Fessenden (AM radio,) Edwin Armstrong (FM Radio,) Amos Joel (Cellular tech.,) Andrew Viterbi and Irwin Jacobs (CDMA – 3G), Jan Haartsen (Bluetooth). US patent holding wireless pioneers include another Indian inventor, Dr. Jagdish Chandra Bose, known for his brilliant breakthrough work in radio and microwave optics in 1904.

Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Entrepreneur Stories

From Digital Wallet to Stock Market: MobiKwik Expands Its Horizons with New Brokerage Venture

Published

on

From Digital Wallet to Stock Market: MobiKwik Expands Its Horizons with New Brokerage Venture

MobiKwik is venturing into the stock broking sector with the launch of its subsidiary, MobiKwik Securities Broking Private Limited (MSBPL), following approval from the Ministry of Corporate Affairs on March 3, 2025. This move aims to diversify MobiKwik’s offerings beyond its core digital payments services and compete with established players like Zerodha and Groww.

MSBPL will provide a range of brokerage services, including trading in shares, securities, commodities, and derivatives. The subsidiary has an initial capital of Rs 1 lakh, with plans for an additional Rs 2 crore investment to support its operations.

As MobiKwik enters this competitive market, it brings a substantial user base of 172 million and a merchant network of 5 million. Despite recent financial challenges, including a reported loss of Rs 55.2 crore in Q3 FY25, the company aims to leverage its existing infrastructure and user engagement to capture a share of the growing investment technology market, projected to reach $74 billion by 2030.

This strategic expansion aligns with MobiKwik’s broader goals of enhancing its financial service

Continue Reading

Entrepreneur Stories

Strategic Shift: Nazara Sells Entire Stake in Sports Unity Amid Financial Challenges

Published

on

Strategic Shift: Nazara Sells Entire Stake in Sports Unity Amid Financial Challenges

Nazara Technologies has sold its entire 71.54% stake in Sports Unity Private Limited, the company behind the multiplayer quiz game ‘Qunami’, for INR 7.15 lakh. This divestment, effective March 25, 2025, signifies a strategic shift for Nazara, which had previously acquired a controlling interest in Sports Unity in 2019 for INR 7.5 crore.

The decision to offload the stake comes as Sports Unity has faced financial difficulties, reporting no active business operations and a negative net worth of INR 0.45 crore at the end of FY24. This move aligns with Nazara’s broader strategy to streamline its operations and concentrate on more profitable ventures within the gaming sector.

This sale follows Nazara’s recent divestment of a 94.85% stake in another subsidiary, Open Play, to Moonshine Technologies for INR 104.33 crore. Despite reporting record quarterly revenue of INR 544.7 crore in Q3 FY25, Nazara experienced a 53.5% decline in net profit year-over-year.

Nazara continues to focus on enhancing its portfolio through strategic acquisitions and investments in high-potential gaming platforms while navigating the competitive landscape of the gaming industry.

Continue Reading

Entrepreneur Stories

Bengaluru’s Hypergro.ai Raises Rs 7 Crore to Enhance AI-Powered Advertising Solutions

Published

on

StartupStories

Hypergro.ai, a Bengaluru-based marketing technology startup, has raised Rs 7 crore in seed funding led by Silverneedle Ventures, with participation from Huddle, TDV Partners, HME Ventures, Dholakia Ventures, FiiRE, and angel investors. Founded in 2022 by Rituraj Biswas, Neha Soman, Abhijeet Kumar, and Arijit Mukhopadhyay, the company aims to revolutionize digital marketing by addressing challenges like high Customer Acquisition Costs (CAC) and low Return on Ad Spend (ROAS).

 

The startup leverages AI to create hyper-personalized video ads using user-generated content (UGC). The fresh capital will be used to enhance Hypergro.ai’s AI capabilities, expand operations, and build a specialized team focusing on data analysis, predictive algorithms, and automation.

 

Since its inception, Hypergro.ai has collaborated with over 70 brands, including several from Shark Tank India. The company’s innovative approach has led to its selection for Google’s Startups Accelerator: AI First (India) program in July 2024, providing access to critical training, mentorship, and state-of-the-art AI tools.

 

Hypergro.ai’s platform now supports a community of over 300,000 creators across India and has partnered with more than 100 brands, significantly enhancing its AI model’s accuracy and improving revenue generation for clients. As it continues to expand and refine its AI-powered marketing solutions, Hypergro.ai is set to transform the digital advertising landscape, offering businesses more effective and efficient customer acquisition and engagement strategies.

Continue Reading
Advertisement

Recent Posts

Advertisement