Business News

Five Sri Lankan startups take flight with Uber Springboard

Published

9 months ago

July 31, 2025

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 Gunaratne, Country 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.

Business News

Sohan Jayasena to take ceylon spices to the global wellness stage with Mild Earth

Published

2 weeks ago

April 10, 2026

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Sri Lanka may give the world another refreshing beverage. Made of an original recipe, it’s brewed from some of the country’s most iconic spices, that could, in time, match the country’s best-known export, tea, thanks to the vision of the enterprising young marketing professional, Sohan Jayasena and his company mild earth

‘Wild Mist Water’ unveiled at an appropriately styled ‘quiet reveal’ in Colombo 7 a few weeks back is, in its creator Sohan Jayasena’s words, “a luxury wellness experience inspired by Sri Lanka’s botanical heritage.”

Available initially in four variants, the Wild Mist Water mixes come in canisters, and their contents must be brewed just as tea is, with each canister containing a thoughtfully curated mix of local spices that have been associated for generations with physical and mental wellbeing.

The spices that go into the mix are drawn entirely from Sri Lanka’s botanical repertoire, with each blend combining coriander seeds with carefully balanced accents of nigella, cloves, cinnamon, rosemary and lemongrass. The result is a subtle, refined infusion designed not to overwhelm the palate, but to offer a calming aroma, a smooth mouthfeel and a sense of grounding that unfolds slowly with each sip, giving its patrons a time to pause a moment of calm that is much needed in a world that never pauses or stops.

At the heart of the brand is its founder’s belief that Sri Lanka’s wellness heritage does not need exaggeration or nostalgia to be relevant to modern life, only thoughtful reinterpretation.

Business News

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

Published

2 months ago

February 15, 2026

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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.

Business News

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

Published

3 months ago

February 10, 2026

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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.