A Steady Revenue Startup in Technology Hardware (Electronics), Internet of Things (Smart Home) and A.I (Machine learning) from Singapore is looking to raise funds
Posted By - Investment Banker
Posted date - 14/12/2020
BUSINESS BRIEF
It is a product company with focus on AI and ML based products for consumer homes. It offers technology for smart speaker, smart home and video surveillance solutions. The company is enhancing the smart speaker value chain through edge AI. It brings together connected audio, IoT and voice assistant into one product and is deriving everything towards edge.
Key Highlights:
- Global smart speaker market is expected to grow at 24% CAGR from 2019-2024. This market growth can be higher with new application of voice assistant such as voice control home automation, surveillance and B2B voice assistance to that category.
- Product portfolio and solutions for 3rd party platforms such as Amazon/Jio, finished products for ODM’s and other brands, and as PCBA or module.
- Hardware product portfolio for consumer audio solutions, automotive, smart home and music & content.
- Current customers are Myaudioart, Ocean, Blaupunkt, many more.
- USD 3.6million active deal pipeline across Reliance Jio and Bharat Forge (APAC), Blaupunkt (EU) and Victrola (NAM) for 2021.
Proposal
Capital Requirement
INR 11.25 Cr
Funding Status
I do not have any investment commitment
Industry & Sub-Industry
Wearables/Smart Hardware/IoT, Architecture / Construction, Tech Infrastructure (3)
ESDM, Smart Home, Machine learning
Technology/Product/Service Offering
Connected Audio, IoT Technology in Speakers, Smart Voice Assistant, PCAB Modules, Finished Products (Smart Speakers)
StartUp Stage
Steady Revenue
Business Segment Type
B2B, B2B2C
End use of fund (in %)
Financial Information |
2018 (in Cr) | 2019 (in Cr) | 2020 (in Cr) | 2021 (in Cr) |
|---|---|---|---|---|
Sales |
INR 0.05 Cr | N.D | INR 0.36 Cr | N.D |
EBITDA |
N.D | N.D | N.D | N.D |
PAT |
N.D | N.D | N.D | N.D |
TOTAL DEBT |
N.D | N.D | N.D | N.D |
Business Documents
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