Newsroom
January 28th 2021
TALi announces US$7m deal with Times Group of India
Late last year, TALi announced it had formed a partnership with Brand Capital International (Times Group) to launch in Indian consumer and education markets. Commenting on the progess made during the last quarter, TALi Digital Managing Director, Glenn Smith said, "We are seeking to rapidly expand our pipeline of strong international opportunities, and despite disruptions to travel due to the COVID-19 pandemic, we made substantial progress in key markets."
"We are delighted to partner with The Times Group, a business with a significant track record of investments and facilitating rapid growth of partner organisations in India, providing us with a launchpad to scale in this important region."
US$1million was received from The Times Group on 31 December 2020 and the remaining initial investment of US$1million was received on 5 January.
"Japan is also a key market for TALi, where ADHD is a major issue amongst the population of 15 million chlldren under 15 years and the granting of the patent secures our intellectual property position and paves the way for TALi to enter the Japanese market via a sponsorship model." Glenn Smith said. TALi believes that this is the first time a patent has been granted for a congnitive assessment and training system capable of improving attentional skills for sustained periods.
"The ability to leverage our patents strengthens our software in multiple regions and highlights the global opportunity of our product suite. We are also developing a strong pipeline in the Australian healthcare market and finalising our go-to-market strategy in India, which we expect will result in revenue growth from Q42021 and beyond."
TALi was also selected with five other ventures from a global competitive field to join the 2020/21 Mental Wellbeing program co-ordinated by Ma'an (Abu Dhabi Authority of Social Contribution) in partnershipwith Plug and Play Abu Dhabi Global Market (ADGM). The program provides a unique opporunity to explore the potential markets and connect with major stakeholders in the UAE and MENA region.
In Australia, TALi has become a partner of the Thrive by Five initiative, backed by Andrew Forrest's philanthropic organisation, the Minderoo Foundation. Thrive by Five has a focus on the early childhood segment, which is a perfect alignment to the TALi mission.
Look out for TALi's consumer campaigns, highlighting the importance of attention in early childhood.
