Early stage capital for global innovation
Focused on tech startups in the US and in India
NEWSLETTER - October, 2019
SRI CAPITAL UPDATES

Announcing our investment in Meddo

SRI Capital announced its investment in Gurugram based, Meddo, a health-technology startup that is standardising stand-alone doctor clinics. Meddo raised a total of $3 million in this pre-Series A funding round. The company currently operates in Delhi NCR and has tied-up with over 400 Doctors across 200 clinics.

 
 
 
PORTFOLIO UPDATES

Shubh Loans raised $4.8 million from Omidyar Network and others as part of its Series A round, also received its NBFC license

The funds raised in this round will help Shubh Loans expand its customer sourcing platform, work on increasing its technology capabilities, and grow the data science team and credit scoring platform to incorporate next-generation features, including ‘Credit locks’ (procedural credit features that promote good client behaviour). The startup will also grow its on-ground sales team and expand distribution to nearly 40 cities by the end of the year. Shubh Loans also acquired its Non-Banking Financial Company (NBFC) license from RBI.

 

Glassbeam Expands Relationship with Agiliti Imaging Leveraging Clinsights™ Application Suite

Glassbeam announced that it has expanded its strategic reseller relationship with Agiliti Imaging, more than doubling its current installed base in the Southern California region. It plans to deploy AI/ML powered service analytics to 10 new customers. Glassbeam's AI/ML powered platform provides proactive and predictive notifications to the service engineers responsible for maintaining high SLAs at their customer sites.

 

US Industry-Academia consortia with Hyderabad start-up Imaginate to get $1m NSF Grant

The consortia, including the Universities--Virginia Tech, Texas A&M and the University of Florida and industries-IHMC, Eksobionics and the US & Hyderabad start up Imaginate has got a $ 1 million prize from the National Science Foundation (NSF) to create Emergency Response (ER) platform and specialists. The Consortia will submit the implementable plan in April 2020 and hopes to win a bigger grant.

 
 
INDUSTRY UPDATE

Google’s success in breaking into mobile payments in India

In India today, Google has one of its fastest-growing hits ever with Google Pay, a two-year-old app that millions of consumers are using to spend and transfer tens of billions of dollars. Resembling a chat app and available in local languages, Google Pay was the most downloaded financial technology app world-wide last year, according to SensorTower, a research and marketing firm for the app industry.

 

Fallout of WeWork’s IPO process on its India partner

Unlike the 28 other countries in which it operates, We Co. entered into a joint venture with Embassy Group to launch in India. Bengaluru-based Embassy, in 2016, committed a $150 million investment into building and operating WeWork in India for five years.. Embassy foots the capital, builds, and operates WeWork, while We Co. enjoys a cut from the revenue as a management fee for letting Embassy use the brand. But with WeWork’s IPO fiasco, Embassy will now have to invest more rather than enjoying a luxurious exit.

 

China’s regulation of recommendation engines for social platforms

The Cyberspace Administration of China released its draft regulations on “managing the cyberspace ecosystem” on Tuesday. Systems should direct users to approved material on subjects like Xi Jinping Thought, or which showcase the country’s economic and social development. They should not recommend content that undermines national security, or is sexually suggestive, promotes extravagant lifestyles, or hypes celebrity gossip and scandals. ByteDance, the world’s hottest social media platform, will also be bound by these regulations.

 

A Taxonomy of Moats

Jerry Neumann categorizes the best known competitive moats and evaluates them systematically in the context of starting a new company. He argues that it is very rare for a high-growth-potential startup to have a competitive advantage that is sustainable from their very beginning, and that in most cases a sustainable competitive advantage must be built up over time.

 
 
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