Contd.

Artificial Intelligence for speech recognition market in India is anticipated to expand at a compound annual growth rate (CAGR) of ~65.17% during the forecast period (2019-2024).

Again Xelpmoc remains the best proxy to play this theme as well.
Update on Woovly (Portfolio Company)

Woovly, another portfolio company of Xelpmoc where they are holding 26% stake in it. Woovly is a social discovery platform and their user acquisition has gone over 6 times compared to previous year from 3 lakhs to 20 lakhs.
Contd.

The Government of India's ban on 59 Chinese apps, including the hugely popular TikTok, has opened up the user-generated short video market for local players which also largely benefited woovly

Again Xelpmoc remains the best proxy to play the short video market theme.
Company Update

Xelpmoc is one of a kind of company which don't have any competitors or peers in India. In the concall management said,"Ycombinator ( @ycombinator) is one such thing where we can find some sort of a similarity between what we are doing and what there in US."
Company Update (Contd.)

Xelpmoc, along with TIE and Your Story, is the incubating company to FSSAI and helping them to get the right kind of technology and solution for food problems in India.
Here's closing it with Sandipan Chattopadhyay's comment of his recent Earnings call with investors.
You can follow @Ayush_Gupta03.
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