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Focused on tech startups in the US and in India
NEWSLETTER - March, 2020
PORTFOLIO UPDATES

HealthifyMe revenues top Rs 100-cr level, active user base doubles to 16 million

Health and fitness app HealthifyMe has witnessed 3X growth, surpassing Rs 100 crore in revenue, fueled by the extensive adoption of its AI-enabled Smart Plans and international expansion.

 

The start-up launched in Malaysia, Singapore and Brunei in the fourth quarter of calendar year 2018, launched its AI-powered Smart Plans in January 2019. In the last 12 months, the start-up’s subscriptions have quadrupled, and its active user base has doubled from 8 million to 16 million, of which 13 million are from India and three million from the international markets. Singapore, Malaysia and Brunei contributed to a turnover of over $1 million in the last 12 months.

Ketto raises Rs 30 Cr in crowdfunding through mobile marketing startup CleverTap’s platform

Mumbai-based Ketto, a crowdfunding platform for fundraising of social, creative, and personal causes, announced that it has raised Rs 30 crore for charitable causes with the help of CleverTap’s philanthropy arm CleverTap4Good, which works with NGOs and nonprofits.

 

The main aim behind the collaboration between CleverTap and Ketto was to drive and increase repeat donations while reducing the number of people who abandoned their donation forms.

Leading Vegas travel site selects Eureqa to accelerate testing

eureQa, announced that Vegas.com, the official Vegas travel site, has selected eureQa to accelerate its testing and improve the quality of user experience on its travel sites. Vegas.com will use the eureQa automation platform to implement a continuous testing solution that will help it roll out changes to its travel sites faster and with greater confidence.

 

The eureQa automation platform uses AI and machine learning to reduce the time and effort to build test automation. eureQa uses AI to reduce false positives, and improve quality and reliability of test results, significantly improving the ROI from test automation.

 
INDUSTRY UPDATE

How technology is changing the future of higher education

Cruising to class in her driverless car, a student crams from notes projected on the inside of the windshield while she gestures with her hands to shape a 3-D holographic model of her architecture project. It looks like science fiction, an impression reinforced by the fact that it is being demonstrated in virtual reality in an ultramodern space with overstuffed pillows for seats. But this scenario is based on technology already in development.

 

The setting is the Sandbox ColLABorative, the innovation arm of Southern New Hampshire University. It is one of a small but growing number of places where experts are testing new ideas that will shape the future of a college education, using everything from blockchain networks to computer simulations to artificial intelligence, or A.I.

Big Tech to face more requirements in Europe on data sharing, AI

American tech companies will soon need to meet new requirements in the European Union regarding artificial intelligence and sharing data with smaller rivals, as the bloc seeks to assert its “technological sovereignty” from the U.S. and China. EU regulators have unveiled plans aimed at placing more restrictions on machine learning-enabled technologies in fields ranging from public surveillance cameras to cancer scans and self-driving cars.

Coronavirus (and 5G) will boost telecommuting, change our tech future

While the World Health Organization (WHO) seems to be doing everything it can to keep from naming the coronavirus a pandemic, we are likely already past that point. The combination of a long gestation period, where people are contagious but not showing symptoms, and a fatality rate that is too low to burn the virus out but too high to treat like a cold, will change behavior.

 

Now is the time to start rethinking how companies provision workers, both to telecommute and to avoid group meetings where viruses could spread. Maybe it is time we started looking at converged communications platforms so that our employees can far more easily collaborate without physically coming into contact with each other.

Fueled by increased consumer comfort, Mobile Payments in the U.S. will exceed $130 Billion In 2020

The U.S. mobile payment market increased 41% from $69.8 billion in 2018 to $98.8 billion in 2019 according to eMarketer. The growth is significant since a mere $12.8 billion was spent in 2012. Mobile payments are increasingly being used by U.S. shoppers as customers become more comfortable with the technology. Mobile payments will be a catalyst for higher mobile-commerce sales. The U.S. market ranks sixth in the world in terms of mobile payment in comparison to other countries.

DoorDash files confidentially for IPO

Food-delivery provider DoorDash Inc. has filed for an initial public offering, firing the starting gun on what could be one of the year’s marquee listings. The money-losing San Francisco startup said Thursday that it has confidentially filed paperwork for an IPO with the Securities and Exchange Commission. SEC rules allow companies to keep their listing documents private for a period of time leading up to a new offering.

Judge signs off on $26 billion T-Mobile and Sprint merger. Now what?

The end is in sight for T-Mobile and Sprint after nearly two years of waiting to close their $26.5 billion merger. US District Judge Victor Marrero gave the green light to the deal, rejecting claims that combining the third- and fourth largest national wireless carriers would be anticompetitive.

 

With a major victory in court, the merger, which was announced in April 2018, could finally close in the next several weeks. That outcome could bring about a seismic shift in the mobile world. Dish's emergence as a new wireless player would give consumers another potential alternative for service -- it vows to cover 70 percent of the US with 5G by 2023. T-Mobile and Sprint's combined assets could jump-start its 5G ambitions, pushing the industry further into the next-generation technology. They've also said they'll lock in prices for at least three years.

 
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