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A sleek building facade with a glowing yellow signboard reading "NAP TAP GO" and the tagline "New Age Luxury in Pod Hotels," signifying modern accommodations.

Balmer Lawrie Invests ₹1 Crore in Pod Hotel Startup NapTapGo

Balmer Lawrie & Co. Ltd., a leading PSU under the Ministry of Petroleum and Natural Gas, has announced a ₹1 crore equity investment in NapTapGo, a Noida-based pod hotel startup. Founded by Nitin Malhotra, NapTapGo aims to revolutionize affordable luxury in hospitality with AI and IoT-powered capsule accommodations. This strategic funding, part of Balmer Lawrie's annual startup programme, highlights the PSU’s commitment to fostering innovation in alignment with the government's Startup India initiative.

By
Anurag Trivedi
This image is a promotional banner for Olive, featuring a stylized graphic design. The banner includes an illustration of a bellhop pushing a luggage cart loaded with two oversized bags of money, emphasizing the company's revenue growth. The background is divided into bold sections of yellow and magenta, creating a vibrant contrast. On the right side of the image, there's the Olive logo, which includes a stylized sun motif in purple, adding to the brand's identity. The overall design is playful and colorful, highlighting Olive's prosperity in the hospitality industry.

Olive Hospitality's Revenue Jumps 76% to ₹51 Cr in FY24

Olive, a startup in the hospitality sector supported by Embassy Group, reported a substantial revenue increase of 76% this fiscal year, achieving ₹51 crore. Established in 2019, Olive manages a variety of properties including co-living spaces and hotels located in major cities like Bengaluru, Mumbai, and Goa. The company's revenue boost is primarily due to an expanded portfolio and enhanced room pricing strategies. Olive caters to a diverse clientele, ranging from students to luxury travelers, and plans to continue its growth trajectory with potential fundraising initiatives to support further expansion.

By
Anurag Trivedi
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