Balmer Lawrie & Co invests in 'pod' hotel startup

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....almer Lawrie & Co invests in 'pod' hotel startup <br>PTI News<br>Dated:- 2-1-2025<br>PTI<BR>Kolkata, Jan 2 (PTI) Balmer Lawrie & Co Ltd, a central public sector undertaking, on Thursday announced an equity funding in NapTapGo, a startup in the affordable hospitality segment, as part of its annual startup fund programme, the company said. The Rs 1 crore investment is aimed at "supporting the start....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....up ecosystem and promoting innovation," a company statement said. No further details of the funding terms were divulged. NapTapGo is a startup that "aims to revolutionise the hospitality industry with its unique concept of affordable yet luxurious 'pod' hotels," the company added. Pod hotels are compact, capsule-like accommodations that offer affordable and efficient stays. "They typically featu....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....re basic amenities and are designed for short-stay travelers," the statement added. This concept is gaining popularity worldwide for its unique and space-saving design. The startup will be integrating AI and IoT into its facilities to "enhance hygiene, quality, and customer experience," the PSU said. As part of India's Startup India programme, Balmer Lawrie has partnered with IIM Lucknow EIC, a ....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....top-tier incubator, to provide startups with "incubation support, mentorship, and industry connections." "We firmly believe that investing in innovation and supporting emerging entrepreneurs will contribute significantly to nation building," Balmer Lawrie chairman and managing director Adhip Nath Palchaudhuri said. NapTapGo founder Nitin Malhotra said the investment is a testament to the governm....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ent's commitment to fostering innovation in the tourism sector. PTI BSM MNB<BR> News - Press release - PIB....