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Espire Hospitality signs Five New Hotels in Udaipur, Rishikesh, and North Goa

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Espire Hospitality Limited has signed five hotels in Udaipur, Rishikesh, and North Goa as part of its strategy to double its inventory by March 2026. This expansion focuses on high-demand leisure destinations and enhances the company’s footprint in city-center, riverside, and beach locations.

The new properties will operate under the Country Inn and Smart Stays by Country Inn brands, offering a mix of full-service and select-service formats. Scheduled to open between late 2025 and early 2026, these hotels are designed with amenities catering to weddings and social gatherings, F&B-centric experiences, and family recreation—matching domestic travel trends in these markets.

Property Details & Opening Timelines:

  • Country Inn Premier, Udaipur: City-center location with 55 rooms, rooftop pool and restaurant, and 12,000 sq. ft. of banquet space. Opening: January 2026.
  • Country Inn Premier, Rishikesh: 500 metres from Lakshman Jhula, offering Ganga view rooms, a restaurant, nightclub, and 4,000 sq. ft. banquet. Opening: November 2025.
  • Country Inn, Rishikesh: Near Lakshman Jhula, featuring Ganga view rooms, restaurant, nightclub, kids’ play area, and gaming arcade. Opening: November 2025.
  • Smart Stays by Country Inn, Rishikesh: Compact format with 31 rooms, rooftop pool and restaurant, and a gaming arcade-equipped recreation room. Opening: November 2025.
  • Country Inn, Calangute – North Goa: 500 metres from Calangute Beach, 44 rooms with private balconies, two restaurants including a poolside bar, and gaming arcade. Opening: November 2025.

In addition to the Country Inn pipeline, Espire Hospitality Limited is developing three uber-luxury hotels in Mussoorie, Mumbai, and near Vrindavan, and is in final stages of signing a new ZANA Resort in Dehradun, boosting its premium segment presence in North India.

Akhil Arora, CEO and MD of Espire Hospitality Limited, stated, “This is a major milestone in Espire Hospitality Limited’s growth story. Each of these five signings reflects our commitment to expanding thoughtfully across India’s most culturally, spiritually, and experientially rich destinations. We are not just growing in numbers; we are growing with purpose. Our properties are built to deliver more than a stay; they offer a window into the soul of each location. Our mission is clear; to offer inspiring and brand-new experiences through well-differentiated properties across India. We shall be entering the international markets also, very soon.”

For hospitality stakeholders, the move signals a well-balanced expansion strategy—leveraging prominent locations, diverse formats to serve distinct guest segments, and amenities like banquet spaces and recreation areas to boost ancillary revenue. The staggered openings from 2025 to 2026 set a clear roadmap for scaling capacity in key leisure markets.

Graas.ai secures $9M Pre-Series B to launch Agent Foundry for Ecommerce Automation in India

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Prem Bhatia, Co-founder & CEO of Graas.ai

Graas.ai, an AI-native data and automation company for ecommerce, has secured over $9 million in a pre-Series B funding round led by Tin Men Capital, with additional participation from Incred Wealth, Orzon, and returning backers Integra Partners and Yuj Ventures.

The funding will accelerate the launch of Agent Foundry in India—a proprietary platform for developing autonomous agents designed to solve critical commerce challenges such as customer acquisition costs, pricing optimisation, margin protection, and inventory management. Unlike traditional AI copilots or dashboards, Agent Foundry delivers actionable intelligence, enabling agents to analyse real-time performance across channels, SKUs, and campaigns, and directly execute decisions for D2C and marketplace brands.

Founded in 2022 and headquartered in Singapore, Graas.ai operates in India and Southeast Asia, supporting over 2,000 brands and processing more than $1 billion in GMV. The company upholds high compliance standards, holding SOC2, GDPR, PDPA, and ISO certifications.

“Commerce doesn’t need another AI copilot—it needs agents that run the play,” said Prem Bhatia, Co-founder & CEO of Graas.ai. “After two years building the data backbone, Agent Foundry lets brands act on it through bespoke multi-agent frameworks that solve commerce’s toughest problems.”

Some examples of agents developed in the Foundry include Hoppr, an in-house analyst monitoring SKU, GMV, and campaign performance; Cartlyst, a B2B order specialist that converts handwritten lists, voice notes, and WhatsApp messages into structured orders; Chattr, an AI-powered customer support agent aimed at boosting sales conversions; Turbo, which offers a unified view of sales, advertising, inventory, and operations data; and Extract, which ensures clean, ready-to-use data is delivered directly to Google Sheets or databases, optimising business intelligence workflows.

“With brands now focused on sustainable growth, Graas stands out for its robust data infrastructure and expertise in building enterprise-grade agents for retailers,” added Murli Ravi, Managing Partner at Tin Men Capital.

Rumble eyes $1.17 Billion acquisition of German AI Cloud firm Northern Data

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US-listed video platform Rumble is weighing a potential acquisition worth roughly $1.17 billion (€1 billion) for German AI cloud provider Northern Data AG, as confirmed by statements from both firms and Reuters calculations.

The proposed deal would merge Northern Data’s data centre operations and GPU cloud business—which includes a large number of Nvidia GPUs—into Rumble’s existing infrastructure.

Under the preliminary terms, Rumble is considering offering 2.319 shares for each Northern Data share, valuing the German company at approximately $18.3 per share (€15.69). This figure reflects about a 32% discount compared to Northern Data’s most recent closing price.

Rumble noted that the transaction would proceed only if Northern Data’s Peak Mining unit is divested before finalisation.

Tether, Northern Data’s majority shareholder, has voiced its support for the potential deal. However, both companies emphasised that there is no guarantee the discussions will lead to a formal acquisition offer.

Zype Secures INR 90 Cr from Xponentia Capital

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Fintech startup Zype has recently secured funding of INR 90 Cr, with INR 34 Cr initially raised as debt. Founder and CEO Yogi Sadana said that this debt portion has now been converted into equity.

Sadana explained that the fresh capital will be utilised to expand the company’s product portfolio, particularly targeting Tier II and Tier III cities. Including this round, Zype has raised a total of INR 236 Cr since its inception.

To date, the company has disbursed loans worth approximately INR 1,300 Cr to its customers. The board has approved the issuance of 61.5 Lakh equity shares at an issue price of INR 90.9, enabling the startup to raise INR 56 Cr from Unleash Capital Partners, Xponentia Capital Partners, and angel investor Tejinder Singh Hara.

In addition, the board approved raising INR 34 Cr in debt funding from Xponentia Capital Partners by issuing up to 34K non-convertible debentures (NCDs), each with a face value of INR 10K. Out of the INR 56 Cr equity funding, Xponentia is contributing INR 36 Cr, while Unleash and Singh are investing INR 17 Cr and INR 2.4 Cr, respectively.

Founded in 2022, Zype is a credit-first financial well-being and lifestyle application that enables users to access instant credit. The company obtained its non-banking financial company (NBFC) licence in 2023 and focuses on improving credit accessibility for millennials while promoting sustainable financial habits.

Previously, Zype raised INR 146 Cr in a round led by Xponentia Capital to enhance its technology platform, grow its team, and acquire more customers.

The latest development comes amid a surge in investor interest in fintech ventures, driven by expanding market opportunities. Fintech startups collectively raised $1.6 Bn across 68 deals in the first half of this year—a 56% jump from $1.1 Bn across 84 deals in the same period last year. Sequentially, funding increased 7% from $1.5 Bn in H2 2024.

This surge in capital flow has been fuelled by strong growth and late-stage deals, reflecting investor preference for established business models over experimental ones. Notable transactions include neobanking startup Zolve’s $251 Mn fundraise in March and Groww’s $202 Mn equity raise ahead of its IPO.

Chalet Hotels launches ‘Lakshya – Aim. Lead. Achieve.’ to build future hospitality leaders

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Gaurav Singh, chief operating officer, Chalet Hotels

Chalet Hotels has introduced ‘Lakshya – Aim. Lead. Achieve.’, a 15-month management trainee program aimed at nurturing high-potential individuals for leadership roles in the hospitality industry. The program focuses on building a robust leadership pipeline through a structured, multi-stage learning experience across Chalet’s premium hotel portfolio. 

The curriculum unfolds in four progressive phases—Uday (Fresh Start), Anubhav (Experience), Pankh (Advanced Learning), and Shikhar (Live It). Each phase challenges trainees with increasingly complex roles, ranging from departmental rotations and executive shadowing to live project assignments and immersive sessions at the corporate office. 

Moreover, the program offers dual-track specialization—one major and one minor—to develop versatile cross-functional expertise. Each phase occurs at a different Chalet property, providing trainees with diverse operational exposure and a holistic view of the business. This marks the program as the first in India to offer such cross-hotel and brand immersion. 

“With Lakshya, we are not just building a training program — we are investing in the next generation of hospitality leaders. This initiative reflects Chalet Hotels’ commitment to talent development and aims to equip future leaders with the strategic and operational skills needed to thrive in a dynamic industry.” — Gaurav Singh, chief operating officer, Chalet Hotels Limited.

“At Chalet, we are deeply committed to investing in our people by providing structured pathways for growth through learning and leadership development. Lakshya reflects this commitment—born from our belief that nurturing talent is central to building an organisation that is future-ready, resilient, and grounded in strong values. An organisation that supports the flourishing of its people while working toward a shared purpose.” — Mugdha Mahambrey, general manager, Human Resources, Chalet Hotels Limited.

With its blend of hands-on experience, leadership grooming, and strategic learning, Lakshya raises the bar for hospitality training. It reinforces Chalet Hotels’ mission to shape adaptable, innovative professionals ready to excel in a fast-evolving, service-focused industry.

Machan Resorts LLP Supports the Local School in Ambavne, Reinforcing Commitment to Conservation and Community Empowerment

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In a conscious step towards creating a meaningful community impact, Machan Resorts LLP extended support to Zilla Parishad School, Ambavne, a village school next to The Machan, Lonavala. This initiative was part of Machan’s ongoing mission to contribute to the holistic development of children in surrounding communities.

The team has supported the school with essential amenities—from clean drinking water and study materials to tech hardware—enabling holistic development and access to quality education. As part of this effort, they facilitated digital upgradation by providing a computer, Wi-Fi, and other tools to enhance the technology-based learning experience. This sustained initiative ensures uninterrupted, year-round education and broadens digital access for rural children.

Rakshit Sharma, COO, commented, “Conservation is one of our core values—it goes beyond nature to include local culture and community development. Supporting the children of Ambavne is part of our sustained, long-term commitment to empowering the communities we coexist with.”

Machan Resorts LLP believes in conservation-driven hospitality—not just in preserving nature, but in nurturing futures.

IIM Kozhikode partners with Simplilearn to launch AI-Powered Decision-Making Programme

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Kashyap Dalal, Co-founder and Chief Operating Officer of Simplilearn

The Indian Institute of Management Kozhikode (IIMK), in collaboration with global digital upskilling leader Simplilearn, has introduced a Professional Certificate Programme in AI-Powered Decision Making. Aimed at senior professionals and decision-makers, the 10-month leadership-oriented course focuses on equipping participants with the skills to harness AI for strategic, data-driven decision-making, operational efficiency, and large-scale digital transformation.

The programme combines live online sessions led by IIMK faculty with a three-day campus immersion. Its curriculum is designed to prepare leaders to spearhead AI-driven initiatives, with training in AI strategy design, end-to-end transformation management, and cross-functional applications. Key topics include Agentic AI, ethics, and governance, with hands-on exercises and a capstone project to solve real-world business challenges, resulting in a personalised AI playbook.

According to industry research, 78% of global companies have integrated AI into at least one business function, and 71% are using generative AI. This rising adoption highlights the need for leaders who can leverage AI effectively for business impact.

Prof. Debashis Chatterjee, Director, IIM Kozhikode said, “This programme aligns with IIM Kozhikode’s Vision 2047 to ‘Globalize Indian Thought, ‘ reflecting the institute’s ambition to contribute meaningfully to India and the world over the next three decades. The college’s partnership with Simplilearn has rolled out a course backed by robust edtech delivery, which is designed to meet the demands of emerging technologies and empower aspiring leaders to drive business growth. Given the scale, scope and potential impact India is set to have on 21st-century business, this is a timely aspiration. By blending global best practices with an India-centric lens, the learners will be able to harness AI for smarter decision-making and operational efficiency.”

Targeted at professionals with over five years of experience—including business heads, consultants, entrepreneurs, technology leaders, and analytics experts—the programme offers completion certificates, IIMK executive alumni status, networking opportunities, and access to Simplilearn’s Job Assist platform to boost career prospects.

Speaking about the programme, Mr. Kashyap Dalal, Co-founder and Chief Operating Officer of Simplilearn, said, “AI is transforming all industries with its applications, driving changes in processes, business models as well as on how organisations are designed to be competitive. Especially in terms of analytics, business intelligence and decision making, AI is opening up new boundaries of what is possible to make decisions better backed by data as well as faster – in some cases even automated decision making. The goal of the course is to empower professionals to lead with confidence in an AI-first world. We are honored to partner with esteemed IIM Kozhikode faculty and bring forward a curriculum that combines academic depth with practical relevance, encouraging learners to think beyond traditional boundaries.”

Meta Expands AI Audio Capabilities with WaveForms Acquisition

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Meta Platforms has acquired WaveForms AI, a startup that uses artificial intelligence to understand and replicate emotion in audio, The Information reported.

WaveForms AI was founded by Alexis Conneau, a former audio researcher at Meta and OpenAI, and Coralie Lemaitre, a former ad strategist at Google. The startup launched in December 2024 and had secured $40 million in funding from a round led by Andreessen Horowitz.

Following the acquisition, Conneau and Lemaitre will join Meta’s Superintelligence Labs, its newly formed AI division. This move aligns with Meta’s goal to boost its AI-powered audio technology.

Recently, Meta hired Johan Schalkwyk, a former Google Fellow known for his work in speech AI, as Voice Lead at Superintelligence Labs. The company also acquired Play AI last month, a startup specialising in human-like voices.

Moreover, Meta has been aggressively recruiting AI talent from leading firms such as OpenAI, Anthropic, and Google. High-profile recruits include Daniel Gross, founder of Safe Superintelligence; Ruoming Pang, former head of Apple’s Foundation Models team; and Nat Friedman, ex-CEO of GitHub.

Roblox rolls out open-source AI system to protect kids from predators in chats

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Matt Kaufman, chief safety officer at Roblox

Roblox, the online gaming platform wildly popular with children and teenagers, is rolling out an open-source version of an artificial intelligence system it says can help preemptively detect predatory language in game chats. 

The move comes as the company faces lawsuits and criticism accusing it of not doing enough to protect children from predators. For instance, a lawsuit filed last month in Iowa alleges that a 13-year-old girl was introduced to an adult predator on Roblox, then kidnapped and trafficked across multiple states and raped. The suit, filed in Iowa District Court in Polk County, claims that Roblox’s design features make children who use it “easy prey for pedophiles.”

Roblox says it strives to make its systems as safe as possible by default but notes that “no system is perfect, and one of the biggest challenges in the industry is to detect critical harms like potential child endangerment.”

The AI system, called Sentinel, helps detect early signs of possible child endangerment, such as sexually exploitative language. Roblox says the system has led the company to submit 1,200 reports of potential attempts at child exploitation to the National Center for Missing and Exploited Children in the first half of 2025. The company is now in the process of open-sourcing it so other platforms can use it too.

Preemptively detecting possible dangers to kids can be tricky for AI systems – and humans, too – because conversations can seem innocuous at first. Questions like “how old are you?” or “where are you from?” wouldn’t necessarily raise red flags on their own, but when put in context over the course of a longer conversation, they can take on a different meaning.

Roblox, which has more than 111 million monthly users, doesn’t allow users to share videos or images in chats and tries to block any personal information such as phone numbers, though – as with most moderation rules – people constantly find ways to get around such safeguards. 

It also doesn’t allow kids under 13 to chat with other users outside of games unless they have explicit parental permission – and unlike many other platforms, it does not encrypt private chat conversations, so it can monitor and moderate them.

“We’ve had filters in place all along, but those filters tend to focus on what is said in a single line of text or within just a few lines of text. And that’s really good for doing things like blocking profanity and blocking different types of abusive language and things like that,” said Matt Kaufman, chief safety officer at Roblox. “But when you’re thinking about things related to child endangerment or grooming, the types of behaviors you’re looking at manifest over a very long period of time.”

Sentinel captures one-minute snapshots of chats across Roblox – about 6 billion messages per day – and analyzes them for potential harms. To do this, Roblox says it developed two indexes – one made up of benign messages and, the other, chats that were determined to contain child endangerment violations. Roblox says this lets the system recognize harmful patterns that go beyond simply flagging certain words or phrases, taking the entire conversation into context.

“That index gets better as we detect more bad actors, we just continuously update that index. Then we have another sample of what does a normal, regular user do?” said Naren Koneru, vice president of engineering for trust and safety at Roblox. 

As users are chatting, the system keeps score – are they closer to the positive cluster or the negative cluster? 

“It doesn’t happen on one message because you just send one message, but it happens because of all of your days’ interactions are leading towards one of these two,” Koneru said. “Then we say, okay, maybe this user is somebody who we need to take a much closer look at, and then we go pull all of their other conversations, other friends, and the games that they played, and all of those things.”

NPrep secures Pre-seed funding to strengthen AI-based skilling for Nurses

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NPrep, an AI-powered skilling platform focused on nursing students and professionals, has raised pre-seed funding from All In Capital. The company did not disclose the funding amount.

Additionally, IIMA Ventures, U.S.-based EdTech firm Chegg, and various family offices and angel investors also joined the round. This makes the funding one of the most notable early-stage investments in India’s healthcare skilling space.

With the new capital, NPrep plans to expand its course offerings. Moreover, it will strengthen its AI-driven learning platform to serve a broader user base.

The company also aims to deepen its partnerships with hospitals and healthcare institutions across India. In particular, NPrep wants to support nursing students from Tier 2 and Tier 3 cities by growing its regional language capabilities.

NPrep is building a platform that tailors learning paths using generative AI. This personalization is based on each student’s strengths and weaknesses.

Furthermore, the platform will simulate real-life clinical scenarios for enhanced skill training. It will also provide real-time feedback to learners.

Beyond training, NPrep supports job readiness. It offers mock interviews, resume building tools, and automated assessments that improve placement outcomes.

The company’s long-term goal is to bridge the gap in nursing education and healthcare quality. It intends to improve the workforce by combining smart technology with targeted training.

Looking ahead, NPrep plans to expand its placement services in India by FY26. It also aims to go global by FY27, using its strong base in medicine and AI technology.