VANCOUVER, March 12th, 2021 - We at Covalent are happy to announce our entry into the Indian market. With over 6 million working developers and 1 million students graduating from technology degrees every year, India is the biggest developer hub in the world and has a thriving Blockchain ecosystem. It is of strategic importance for us to have deep inroads into the startup, developer, retail and enterprise market of this region.
Helping us enter the market is Lumos Labs - an innovation management company, which has run market-entry, developer and startup programmes for many global blockchain projects like Binance, Streamr, Terra, Polygon and Polkadot to name a few. They will work with our team in building a developer and startup community for Covalent in India, along with making inroads into the massive Indian IT services industry.
Quote from Raghu Mohan, Lumos Labs Co-founder & CEO
" We think Covalent is one of the most consequential products in the blockchain space and we’re excited to be India partners at this early stage. We are confident of seeing great uptake for Covalent in the Indian blockchain space, especially among developers and startups. What’s even more interesting is that Covalent is already integrating with most of the chains that work with us. We believe that Covalent‘s association with our programmes will add a lot of value to our community and the ecosystem as a whole.
Over the next few months, we expect to ramp up Covelent’s India developer community in tandem with our existing developer programmes. We will advocate, evangelise, and encourage innovators in this space to participate in Covalent's exciting community-based programmes such as Dungeons and Data and One Million Wallets.
Quote from Ganesh, Covalent CEO
" India has always been an important geography for us and given the recent regulatory clarity, we believe the time to enter the market is now. With Lumos Labs, we have a trusted and long term partner and we look forward to kicking this off in India with them.
Learn more about Lumos Labs here: www.lumoslabs.co