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Five Sri Lankan startups take flight with Uber Springboard

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COLOMBO, July 31, 2025: Uber, the global ride-hailing and delivery platform, today concluded the second edition of Uber Springboard – an initiative designed to support the next generation of Sri Lankan entrepreneurs through mentorship, guidance, and international exposure. In collaboration with the Ministry of Digital Economy, Government of Sri Lanka, five promising startups were selected for a dedicated mentorship experience at Uber’s Tech Centre of Excellence in Hyderabad, India.

This year’s edition follows on the success of the inaugural edition last year, with a broader cohort and even stronger representation across sectors. After engaging with over 25 Sri Lankan startups, Uber’s leadership, along with external experts, selected five high-potential ventures for this immersive opportunity.

Hon. Eng. Eranga Weeraratne, Deputy Minister of Digital Economy, Government of Sri Lanka, said: “Uber Springboard is a strong example of the industry-government collaboration we strive to build in Sri Lanka’s innovation landscape. Startups are vital problem-solvers, and connecting them with experienced mentors gives them a stronger foundation to scale. I congratulate Uber for continuing to invest in our startup talent and helping unlock the creativity and ambition of our tech community.”

Uber Springboard 2025 Startup Cohort

AnyBanq: A digital banking marketplace helping users compare and apply for financial products across banks, while enabling banks to digitize and streamline customer onboarding.

PayMedia: A Fintech company delivering payment solutions across banking, finance, telecom, and startup sectors, while bridging legacy infrastructure with new-age financial technologies.

Helios P2P: A peer-to-peer lending platform that aims to expand access to credit by connecting borrowers and lenders through secure, tech-enabled credit assessment models.

Articom.io: An agentic AI platform helping businesses build, deploy, and manage intelligent customer support assistants, supported by a developer marketplace and enterprise-grade tools.

Ceylon Speechie: A MedTech venture offering web and mobile applications for children at risk of autism to access speech therapy services, with AI-enabled progress tracking and a global clinical network.

The selected startups will now travel to Uber’s Tech Centre of Excellence in Hyderabad for a week-long mentorship program that includes sessions on product development, growth strategy, fundraising, and team building. The initiative builds on Uber’s long-standing commitment to empowering Sri Lanka’s startup ecosystem.

Varun Wijewardene, Country Manager, Delivery – Uber Sri Lanka, said“Uber has always believed in the power of entrepreneurship to drive meaningful change. With Springboard, we’re backing Sri Lankan startups not just with mentorship, but with exposure to real-world insights, practical tools, and industry perspective. This initiative reflects our commitment to nurturing local innovation and helping founders build for scale, resilience, and long-term success.”

Kaushalya GunaratneCountry Manager, Mobility – Uber Sri Lanka, said“Uber made a remarkable journey as a startup, so we understand both the grit and the guidance it takes to grow. That’s why we’re proud to support a new wave of Sri Lankan founders through Springboard – this year, across an even broader range of sectors. We’re grateful to the Ministry of Digital Economy for their partnership in making this possible, and excited to see how these entrepreneurs turn ambition into impact.”

Since launching in Sri Lanka in 2015 (Mobility: 2015 & Delivery: 2018), Uber has grown its presence across the island nation, and continues to invest in programs that enable mobility, innovation, and entrepreneurship in the region.

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Araliya Group of Companies Strengthens Logistics Operations with Acquisition of 10 New Trucks from DIMO

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Araliya Group of Companies has further strengthened its logistics and transportation capabilities with the acquisition of 10 brand-new TATA LPK 1618 trucks from Diesel & Motor Engineering PLC (DIMO), one of Sri Lanka’s leading automobile distributors.

This strategic investment expands the Group’s existing fleet to over 200 vehicles, reinforcing its ability to support large-scale operations across multiple sectors. The newly added trucks are expected to enhance efficiency, reliability, and operational capacity within Araliya’s supply chain and distribution network.

DIMO’s comprehensive after-sales service, technical expertise, and long-standing reputation for quality were key factors behind the Group’s decision. The collaboration highlights Araliya Group’s continued commitment to operational excellence and sustainable growth, while reaffirming DIMO’s position as a trusted partner for large-scale commercial transport solutions in Sri Lanka.

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Sri Lanka’s Largest Vehicle Investment: DIMO and Rathna Rice Pvt Ltd Complete Historic 50-Vehicle Fleet Deal

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In a groundbreaking transaction that marks Sri Lanka’s largest single vehicle investment to date, DIMO Lanka has successfully completed the delivery of 50 LPT 1615 TATA commercial trucks to Rathna Rice Pvt Ltd, setting a new benchmark for fleet acquisitions in the country.

This substantial growth demonstrated by the local business sector represents an economically significant milestone for Sri Lanka’s commercial vehicle industry.

The deal underscores the confidence and expansion capabilities of Sri Lankan enterprises, highlighting the continued strength of the domestic business community.

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Eco-Tourism, Climate Shocks, and Economic Resilience Lessons from Australia for Emerging Tourism Economies

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Climate shocks are no longer peripheral risks for tourism economies. They are now central economic variables shaping capital flows, employment stability, insurance markets, and long-term growth prospects. For emerging economies that rely heavily on tourism, climate volatility increasingly determines whether eco-tourism functions as a durable growth strategy or a fragile branding exercise.

Investor and fund manager Arj Samarakoon, widely known as Arj Samarakoon, has repeatedly argued in regional investment discussions that climate resilience should be treated as economic infrastructure rather than an environmental add-on. This distinction is critical for understanding why some tourism economies withstand climate shocks while others struggle to recover.

Australia provides a useful reference point. Despite facing frequent cyclones, floods, bushfires, and prolonged heat events, Australia has maintained long-term confidence in its tourism sector. This outcome is not the result of lower exposure, but of stronger institutional preparation.

Arjuna Samarakoon, widely known as Arj Samarakoon, with his team supporting food and flood relief efforts during climate-related disruptions in Sri Lanka.

Australia’s approach treats climate risk as a structural certainty rather than an exception. Disaster response frameworks, early warning systems, infrastructure standards, and recovery funding are embedded into policy well before crises occur. Tourism operators, insurers, and investors therefore operate within a predictable environment when climate shocks materialise. Research by the OECD shows that such predictability significantly reduces the economic cost of climate events.

For emerging tourism economies, the contrast is stark. Climate shocks often trigger uncertainty that extends well beyond physical damage. Delays in infrastructure restoration, fragmented public communication, and unclear recovery timelines can rapidly erode investor confidence. The World Bank has noted that institutional weakness frequently amplifies the economic impact of climate events in tourism-dependent countries.

Eco-tourism is often presented as a solution to this vulnerability. Nature-based tourism, conservation-led development, and community participation align well with global sustainability preferences. However, eco-tourism remains highly sensitive to climate shocks if resilience is not embedded into governance structures.

Projects marketed as sustainable can fail quickly when floods disrupt access, utilities become unreliable, or insurance coverage tightens. Without institutional resilience, sustainability narratives struggle to translate into stable economic outcomes. This challenge is increasingly recognised in discussions on what Sri Lanka can learn from Australia and the Philippines on economic reform and resilience.

Australia’s experience illustrates that eco-tourism succeeds when resilience is treated as a core economic function. Disaster response systems are designed to preserve continuity, not merely to provide relief. Communication during climate events is coordinated to protect destination confidence rather than amplify uncertainty.

For emerging economies, the lesson is not to replicate Australia’s scale or spending capacity, but to adapt its institutional logic. Climate resilience must be integrated into tourism policy, infrastructure planning, and investment assessment frameworks.

As Arj Samarakoon has noted in investment forums, capital increasingly flows toward destinations that demonstrate governance capacity under stress. In a climate-exposed world, eco-tourism is no longer judged solely by environmental appeal, but by its ability to function through disruption.

Climate shocks will continue to shape tourism economics. Emerging economies that treat resilience as strategy rather than sentiment will be better positioned to convert eco-tourism into a durable source of growth.

  • OECD (2021). Climate adaptation and resilience in tourism economies.
  • World Bank (2020). Climate resilient tourism development.
  • UNWTO (2021). Tourism and climate change: Policy frameworks.

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