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NEWSLETTER - June, 2020
PORTFOLIO UPDATES

Fakespot Rates Amazon Third-Party Sellers

A new free service by Fakespot, a company that rates the legitimacy of the reviews posted on sites like Amazon, Walmart, and BestBuy, now warns you about poorly rated third-party Amazon sellers. Called Guardian by Fakespot, this new service evaluates third-party seller ratings and will let you know if you should buy from that seller. To help you quickly identify and avoid unsavory sellers, you’ll see “Seller Approved by Fakespot Guard,” “The seller has a Caution by Fakespot Guard,” or “The seller has Warning by Fakespot Guard” right on the Amazon product page. If there is a “Caution” or “Warning,” Fakespot will recommend another seller.

Zuppler CEO interviewed by Yahoo Finance on reimagining dining-in with contactless menu ordering

Software and services company Zuppler focuses on empowering solutions for the food services industry. Zuppler Co-Founder & CEO Shiva Srinivasan weighs in on the launch of its new contactless ordering service amid the COVID-19 pandemic.

PropertyGuru ties up with Foyr to launch a new feature with 360-degree walk-through of units

South-east Asian real estate portal PropertyGuru has launched a new digital feature allowing a 360-degree walk-through of a project, its units, and the surrounding cityscape. The feature, called StoryTeller, powered by Foyr's cloud-based visualisation software, is available on the group's sales automation platform, PropertyGuru FastKey. This new feature allows agents to host viewings and close deals remotely. It also enables property developers to go-to-market as soon as their project is approved, without having to wait for the construction of its sales gallery or showflat.

Eleven percent of suppliers move to high-risk category, Says Beroe Inc

Beroe has been analysing a supplier’s likelihood of ceasing operations or becoming inactive over the next 3 to 12 months based on level of predictive data attributes that are currently available.

 

The analysis show that 29 percent of suppliers have moved from low risk to medium risk, while 3 percent of them have zoomed to the high-risk category from being in the low risk segment. A further 8 percent moved from medium to high risk category. Overall, 11 percent of suppliers have moved to high risk category over the past three months.

Glassbeam Awarded 2020 TMCnet Teleworking Solutions Excellence Award

Glassbeam announced that TMC, a global, integrated media company, has named Glassbeam Clinsights™ as a 2020 TMCnet Teleworking Solutions Excellence Award winner. Clinsights™ is an AI-powered remote machine monitoring, diagnostic, and maintenance application serving the needs of some of the largest healthcare networks, OEMs and independent service organizations across the United States. The TMCnet Teleworking Solutions Excellence Award honors available products that help ensure remote workers have access to the same communications and other corporate resources as they would in the office.

Yellowdig Launches Engage

Learning is a social as well as an intellectual and experiential activity. The most notable overall characteristic of Yellowdig Engage, their newest product, is that it is adaptable across courses, career services and nonacademic activities, including alumni affairs. It can serve a campus, online, or blended educational model. And it generates a level of engagement that would be unattainable in a traditional classroom or online setting.

 
INDUSTRY UPDATE

Facebook, Instagram push further into e-commerce with launch of online shops

Facebook has said that users will be able to shop without leaving the social network by visiting a business' Facebook page or Instagram profile, a move that comes as more people turn to e-commerce because of the coronavirus pandemic. In the future, users will also be able to shop through the company's messaging services, including Messenger, WhatsApp and Instagram Direct, the company said.

 

Taking on tech giants like Amazon, Facebook is making a stronger e-commerce push with the release of a tool called Shops. These online shops could also get users to spend more time on the world's largest social network.

Coronavirus shuts down the ‘Experience Economy’. Can it come back?

In recent decades, a growing share of job growth and gross domestic product has come from the business of getting people together — from college sports and music festivals like Coachella to ax-throwing bars and ice cream museums. G.D.P. attributable to arts, entertainment, recreation, accommodations, and food services was nearly $1.6 trillion last year, up from $979 billion a decade ago, according to the Bureau of Economic Analysis.

 

Catherine Powell, head of experiences at Airbnb and a former Disney executive who oversaw theme parks, expressed optimism that when it was safe to gather again, the crowds would return. “When lockdown lifts, there will be an incredible pent-up demand to want to connect,” she said. There are early signs that might be true.

Giants and upstarts are racing to seize grocery delivery's moment

COVID-19 has created a historic moment for online grocery delivery, perhaps best seen in Instacart's hiring binge and long wait times. But along with opportunity has come significant challenges in navigating customer expectations, worker discontent and unforgiving profit margins. Large firms are racing to capture market share, while smaller enterprises are trying to tap their unique strengths in software, delivery efficiency and customer experience to cement their place. Overshadowing everything is the question of whether much of the energy in the sector might dissipate with the lifting of lockdowns.

Tech companies face tough trade-offs as WFH becomes permanent reality

Within the span of a few weeks, the coronavirus pandemic has turned a somewhat theoretical debate over the pros and cons of working from home into a global, real-world experiment. The benefits of working from home have become evident. Many teams proved to be just as productive as before the pandemic, particularly in the technology industry. Workers can handle issues that come up at home in real-time, exercise on their own schedules, and reduce fossil fuel emissions by avoiding commuting.

 

However, the trade-offs for those benefits remain an open question, one that is weighing on leaders across the technology industry. Most agree that pre-pandemic office culture is a thing of the past. But employers will have to conduct a careful orchestra that allows employees to work from home equitably without sacrificing the aspects of work that are difficult to replicate digitally.

COVID-19’s Potential Impact on Venture Capital Investment Terms

We live in ever-changing times with the presence of COVID-19 affecting every aspect of our business and personal lives. The world of venture capital is not exempt. The outbreak has effectively curtailed, in record time, what had been a steadily growing market opportunity for venture-backed companies and investors.

 

The article addresses how investors might seek to protect their investments, as well as what terms new investors in a company may expect (or even demand) as a condition to investing, if private financing markets do not return to their activity and/or valuation levels prior to the pandemic. Investors and companies must be prepared to address and negotiate new or reemerging terms as investors seek to de-risk their investments and companies seek financing alternatives in response to rapidly changing market conditions.

 
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