Singapore, 2 September 2024 – Smartkarma, a leading global investment intelligence platform, has announced the acquisition of Helixtap, a prominent global commodities alternative data and insights platform. This acquisition marks a significant milestone in Smartkarma’s strategy to broaden its market presence and enhance its proprietary data services across critical global commodity supply chains.
The acquisition underscores Smartkarma’s commitment to expanding its proprietary data capabilities and institutional coverage, particularly within the commodity and alternative data markets. By integrating Helixtap’s specialized insights and analytics, Smartkarma aims to deliver unparalleled value to its clients and stakeholders through enriched data offerings and enhanced market intelligence into commodities, as well as the related and fast-growing global electric vehicle market.
Raghav Kapoor, CEO of Smartkarma, expressed enthusiasm about the acquisition: “Helixtap brings its commodity DNA to Smartkarma, broadening our customer base, expanding our revenue opportunities, and underscoring our focus on proprietary data. With smart ideas and sound karma, we can cultivate a highly successful outcome.” Kapoor’s statement highlights the strategic alignment between the two companies, emphasizing the growth and innovation potential this acquisition represents.
Helixtap, headquartered in Singapore, is renowned for its expertise in the commodities sector, particularly in pricing complexities related to natural rubber, automotive, and EV industries. Farah Miller, CEO of Helixtap and now Head of Commodity Sales at Smartkarma, commented on the acquisition: “Being a part of Smartkarma marks a pivotal point in the Helixtap journey, empowering us in providing a wider range of innovative solutions to tackle the pricing complexities in the natural rubber industry, and greater automotive and EV sector. We look forward to leveraging synergies, unlocking new opportunities and driving even greater value for our clients and stakeholders together.”
The strategic goals behind this acquisition are multi-faceted. By combining Smartkarma’s extensive institutional coverage with Helixtap’s specialized commodity insights, the combined entity will enhance its ability to offer comprehensive data assessments and analytics. This strategic blend is particularly timely, given the rapidly shifting dynamics in the global commodities market.
The acquisition comes at a time when we are witnessing an inflection in the demand for rubber amidst higher volatility, La Nina impacts and other supply disruptions. Additionally, new EU deforestation regulations (EUDR) are impacting the supply chain, alongside a strategic focus by various countries on the electric vehicle market and more funds growing their commodities desks.
Smartkarma and Helixtap both share a strong commitment to leveraging technology to drive industry-leading insights and solutions. As one of Asia’s leading firms across important sectors of the economy, including equities and commodities markets, this acquisition positions the combined entity at the forefront of financial and market intelligence innovation.
Smartkarma’s acquisition of Helixtap represents a pivotal development in the investment and commodities intelligence landscape. As the financial and commodities markets continue to evolve, this strategic move positions Smartkarma as a leading provider of comprehensive, technology-driven data solutions, equipped to meet the growing demands of its diverse client base.
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About Smartkarma
Smartkarma is a global investment intelligence platform based in Singapore. It provides institutional investors with actionable insights, high-touch analyst access and specialist data subscriptions to make informed investment decisions. With a focus on innovation and technology, Smartkarma offers a wide range of data solutions and analytics across various sectors, including equities and commodities. Smartkarma Shareholders include the Singapore Exchange (SGX), Enterprise Singapore Seeds Capital, Peak XV (formerly Sequoia Capital), Wavemaker and Jungle Ventures.
About Helixtap
Helixtap is a global commodities alternative data and insights platform headquartered in Singapore. Specializing in pricing complexities and market dynamics, Helixtap provides cutting-edge solutions and analytics for the natural rubber industry, automotive sector, and electric vehicle market. The company is known for its expertise in delivering accurate and actionable data to support decision-making across the commodities landscape. Helixtap’s clients include a mixture of clients in the physical and financial commodities markets globally comprising financial institutions, exchanges, commodities Trading desks and funds.
This press release is intended for informational purposes and provides an overview of the acquisition between Smartkarma and Helixtap. For more detailed information or to arrange interviews, please reach out to the contact listed above.