{"id":155,"date":"2020-12-15T00:00:00","date_gmt":"2020-12-15T00:00:00","guid":{"rendered":"https:\/\/markupbackup.wordpress.com\/2021\/07\/21\/durians-daily-152-lags-and-lack-of-internet-access-to-be-a-thing-of-the-past-with-this-startups\/"},"modified":"2021-07-28T05:23:04","modified_gmt":"2021-07-28T05:23:04","slug":"durians-daily-152-lags-and-lack-of-internet-access-to-be-a-thing-of-the-past-with-this-startups","status":"publish","type":"post","link":"https:\/\/dailymarkup.com\/?p=155","title":{"rendered":"Daily Markup #152: Lags and lack of Internet access to be a thing of the past with this startup\u2019s\u2026"},"content":{"rendered":"<p><strong>\u2018Out of this world\u2019 connectivity<\/strong><\/p>\n<ul>\n<li>500-backed deeptech startup <a href=\"https:\/\/transcelestial.com\/\" target=\"_blank\" rel=\"noopener\">Transcelestial<\/a> was featured in an <a href=\"https:\/\/www.channelnewsasia.com\/news\/video-on-demand\/business-unusual\/the-unknown-13737180\" target=\"_blank\" rel=\"noopener\">episode<\/a> of Business Unusual, a Channel News Asia series on entrepreneurial efforts in the pandemic.<\/li>\n<li>In the spotlight was CENTAURI, the product using its proprietary laser communication technology. CENTAURI <a href=\"https:\/\/transcelestial.com\/\" target=\"_blank\" rel=\"noopener\">provides<\/a> up to 10gbps of connectivity at low costs and the fastest time to market.<\/li>\n<\/ul>\n<figure class=\"wp-caption\"><img decoding=\"async\" data-width=\"1440\" data-height=\"808\" src=\"https:\/\/dailymarkup.com\/wp-content\/uploads\/2021\/07\/img_60f7db67ebaf6.png\"><figcaption class=\"wp-caption-text\">Credit: Channel News\u00a0Asia<\/figcaption><\/figure>\n<ul>\n<li>CEO and co-founder Rohit Jha shared that when the pandemic hit, internet usage surged as people started working from home, with teleconferencing taking up the most bandwidth. According to him, countries have generally seen a 40\u201360% growth in internet usage between pre- and post-COVID periods, and the existing networks cannot accommodate this traffic.<\/li>\n<li>\u201c99% of the world\u2019s data is channeled through massive undersea cables connecting one country to another,\u201d the episode explained.<\/li>\n<li>How does the startup\u2019s technology circumvent the need for these cables? Mohammad Danesh, CTO and co-founder said putting new fiber optic cables in the ground is expensive, time-consuming, and difficult to do. Transcelestial\u2019s solution requires two devices to connect two points via a laser link, which takes only 10 minutes to set up.<\/li>\n<li>\u201cLaser communication opens up a part of the spectrum which was previously completely unused,\u201d he shared, adding that the spectrum is \u201ca million times larger\u201d than what is available in standard communications systems.<\/li>\n<li>This addresses two pain points on the user\u2019s end: bad internet connection on existing networks and rural areas where internet access is poor.<\/li>\n<li>Danesh said, \u201cWe are building a global telco out of space\u2026by building a network of satellites in the lower earth orbit which is blanketing the planet. All of these satellites will be connected to each other with laser communication links and they will be also connected back to the ground with laser communication links as well.\u201d<\/li>\n<li>Rohit revealed the startup aims to get the technology to certain parts of the world by 2025.<\/li>\n<li>Watch the full episode <a href=\"https:\/\/www.channelnewsasia.com\/news\/video-on-demand\/business-unusual\/the-unknown-13737180\" target=\"_blank\" rel=\"noopener\">here<\/a>.<\/li>\n<\/ul>\n<p><strong>From drone to doorstep<\/strong><\/p>\n<ul>\n<li>500-backed <a href=\"https:\/\/aerodyne.group\/\" target=\"_blank\" rel=\"noopener\">Aerodyne Group<\/a> inked an <a href=\"https:\/\/www.digitalnewsasia.com\/digital-economy\/dhl-express-malaysia-partners-aerodyne-group-drone-delivery-services\" target=\"_blank\" rel=\"noopener\">agreement<\/a> with international express delivery provider DHL express to collaborate on logistics solutions for life sciences and maritime industries in Malaysia.<\/li>\n<\/ul>\n<figure class=\"wp-caption\"><img decoding=\"async\" data-width=\"700\" data-height=\"546\" src=\"https:\/\/dailymarkup.com\/wp-content\/uploads\/2021\/07\/img_60f7db689e195.png\"><figcaption class=\"wp-caption-text\">Credit: Digital News\u00a0Asia<\/figcaption><\/figure>\n<ul>\n<li>Aerodyne is a drone-based solutions provider driven by artificial intelligence technology.<\/li>\n<li>Through the partnership, both companies have identified opportunities to improve healthcare-related logistics in East Malaysia as well as the delivery of time-critical essentials to vessels traveling on the Malaccan Straits.<\/li>\n<li>The overall drone delivery market was <a href=\"https:\/\/www.globenewswire.com\/news-release\/2020\/11\/30\/2136699\/0\/en\/Drone-Package-Delivery-Market-to-Hit-USD-7-388-2-Million-by-2027-Diverse-Entities-Such-as-Amazon-and-FedEx-to-Explore-Wider-Delivery-Applications-of-Drones-States-Fortune-Business-.html\" target=\"_blank\" rel=\"noopener\">valued<\/a> at US$642.4 million in 2019. Drone deliveries are on the rise as the pandemic fuels the need for contactless services and to reach remote areas to provide aid.<\/li>\n<li>Julian Neo, Managing Director of DHL Express Malaysia and Brunei, shared that this agreement is part of the company\u2019s commitment to digitizing its services.<\/li>\n<li>\u201cIn tandem with the global rise of drone delivery, our partnership with DHL Express is timely to make this service compliant, as well as technically and commercially viable in Malaysia and beyond,\u201d said Aerodyne Group Founder and Group CEO, Kamarul A Muhamed.<\/li>\n<\/ul>\n<p><strong>Rocking it up in Indonesian retail<\/strong><\/p>\n<ul>\n<li>Shoppers can now get their retail fix at 500-backed <a href=\"https:\/\/www.pomelofashion.com\/id\/id\" target=\"_blank\" rel=\"noopener\">Pomelo<\/a>\u2019s first physical store in Indonesia, which <a href=\"https:\/\/www.thejakartapost.com\/life\/2020\/12\/09\/fashion-retailer-pomelo-opens-its-first-store-in-jakarta.html\" target=\"_blank\" rel=\"noopener\">opened<\/a> at Central Park Mall in West Jakarta.<\/li>\n<\/ul>\n<figure class=\"wp-caption\"><img decoding=\"async\" data-width=\"1027\" data-height=\"684\" src=\"https:\/\/dailymarkup.com\/wp-content\/uploads\/2021\/07\/img_60f7db6921a8d.png\"><figcaption class=\"wp-caption-text\">Credit: Pomelo<\/figcaption><\/figure>\n<ul>\n<li>This is part of the Bangkok-based fashion e-commerce startup\u2019s plans to expand to Indonesia and Malaysia. It already has a physical presence in Thailand and Singapore.<\/li>\n<li>According to a press release, the new store features easily recyclable materials using wood and raw metals, among others.<\/li>\n<li>The startup claims 90% of the materials used in-store can be recycled. In addition, the store aims to \u201creach its reduce-reuse-recycle goals by selling products with particular designs and weight to reduce its carbon footprint.\u201d<\/li>\n<li>This is part of the startup\u2019s mission towards sustainability, <a href=\"https:\/\/www.retailnews.asia\/pomelo-fashion-leads-with-purpose-first-permanent-line-wheresustainability-meets-tech\/\" target=\"_blank\" rel=\"noopener\">launching<\/a> its first sustainable clothing line, Purpose, in 2018, and striking a <a href=\"http:\/\/www.vgi.co.th\/news\/detail\/5821\/\" target=\"_blank\" rel=\"noopener\">partnership<\/a> to develop upcycled packaging.<\/li>\n<li>Indonesian fans of Pomelo can experience Pomelo\u2019s \u201cTap.Try.Buy.\u201d online-to-offline feature, where they can pick out products online and try them on at a Pomelo store.<\/li>\n<li>Pomelo\u2019s app also allows customers to pick up and pay for their orders directly, book a fitting room, and receive updates on their waiting number via its \u2018in-store\u2019 mode.<\/li>\n<li>\u201cCreating a seamless omnichannel experience has always been at the core of what we do at Pomelo, and it\u2019s what allows us to continue expanding our retail presence at a time when other brands may be doing the opposite,\u201d Anders Heikenfeldt, Pomelo\u2019s chief retail officer, said in a statement.<\/li>\n<\/ul>\n<hr>\n<p><strong>Missed out the last Daily Markup? Go <\/strong><a href=\"https:\/\/dailymarkup.com\/\" target=\"_blank\" rel=\"noopener\"><strong>here<\/strong><\/a><strong> to check it out.<\/strong><\/p>\n<p><strong>You can also find us on <\/strong><a href=\"https:\/\/www.linkedin.com\/company\/500-durians\/\" target=\"_blank\" rel=\"noopener\"><strong>LinkedIn<\/strong><\/a><strong>, <\/strong><a href=\"https:\/\/www.facebook.com\/500durians\/\" target=\"_blank\" rel=\"noopener\"><strong>Facebook<\/strong><\/a><strong>, <\/strong><a href=\"https:\/\/twitter.com\/500Startups_SEA\" target=\"_blank\" rel=\"noopener\"><strong>Twitter<\/strong><\/a><strong>, and <\/strong><a href=\"https:\/\/www.instagram.com\/500durians\/?hl=en\" target=\"_blank\" rel=\"noopener\"><strong>Instagram<\/strong><\/a><strong>.<\/strong><\/p>\n<figure><img decoding=\"async\" data-width=\"400\" data-height=\"400\" src=\"https:\/\/dailymarkup.com\/wp-content\/uploads\/2021\/07\/img_60f7db69d7f1e.jpg\"><\/figure>\n<p>500 Startups is a venture capital firm on a mission to discover and back the world\u2019s most talented entrepreneurs, help them create successful companies at scale, and build thriving global ecosystems. In Southeast Asia, 500 Startups invests through the pioneering 500 Southeast Asia family of funds. The 500 Southeast Asia funds have backed over 240 companies across multiple sectors from internet to consumer to deep technology. It continues to connect founders with capital, expertise and powerful regional and global networks to help them succeed.<\/p>\n<p><em>This post is intended solely for general informational or educational purposes only. 500 Startups Management Company, L.L.C. and its affiliates (collectively \u201c500 Startups\u201d) makes no representation as to the accuracy or information in this post and while reasonable steps have been taken to ensure that the information herein is accurate and up-to-date, no liability can be accepted for any error or omissions. All third party links in this post have not been independently verified by 500 Startups and the inclusion of such links should not be interpreted as an endorsement or confirmation of the content within. Information about portfolio companies\u2019 markets, competitors, performance, and fundraising has been provided by those companies\u2019 founders and has not been independently verified. Under no circumstances should any content in this post be construed as investment, legal, tax or accounting advice by 500 Startups, or an offer to provide any investment advisory service with regard to securities by 500 Startups. No content or information in this post should be construed as an offer to sell or solicitation of interest to purchase any securities advised by 500 Startups. Prospective investors considering an investment into any 500 Startups fund should not consider or construe this content as fund marketing material. The views expressed herein are as at the date of this post and are subject to change without notice. One or more 500 Startups fund may have a financial interest in one or more of the companies discussed.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u2018Out of this world\u2019 connectivity 500-backed deeptech startup Transcelestial was featured in an episode of Business Unusual, a Channel News Asia series on entrepreneurial efforts in the pandemic. In the spotlight was CENTAURI, the product using its proprietary laser communication technology. CENTAURI provides up to 10gbps of connectivity at low costs and the fastest time [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":2109,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","footnotes":""},"categories":[322],"tags":[334,333,397],"class_list":["post-155","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-daily","tag-aerodyne","tag-pomelo","tag-transcelestial"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v19.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Daily Markup #152: Lags and lack of Internet access to be a thing of the past with this startup\u2019s\u2026 - Markup<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/dailymarkup.com\/?p=155\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Daily Markup #152: Lags and lack of Internet access to be a thing of the past with this startup\u2019s\u2026 - Markup\" \/>\n<meta property=\"og:description\" content=\"\u2018Out of this world\u2019 connectivity 500-backed deeptech startup Transcelestial was featured in an episode of Business Unusual, a Channel News Asia series on entrepreneurial efforts in the pandemic. 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