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

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

Funding Requirement

USD 1.5 Mn

Funding Status

I do not have any investment commitment

Industry IconIndustry & Sub-Industry

Industry IconTechnology/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 INR) 2019 (in INR) 2020 (in INR) 2021 (in INR)
Sales 0.5 Mn 0 Mn 3.6 Mn N.D
EBDITA N.D N.D N.D N.D
PAT N.D N.D N.D N.D
TANGIBLE NET WORTH N.D N.D N.D N.D
LONG TERM DEBT N.D N.D N.D N.D
TOTAL DEBT N.D N.D N.D N.D

Business Document

Business Document

CONTACT BUSINESS

If you are interested in connecting with business please send an Expression of Interest.

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