Ramada Resort by Wyndham Talera Kota set to open by 2029

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March 23, 2026

Ramada Resort by Wyndham Talera Kota set to open by 2029 — Rahool Macarius, Market Managing Director – Eurasia, Wyndham Hotels & Resorts

Wyndham Hotels & Resorts has announced the signing of Ramada Resort by Wyndham Talera Kota, a 200-room hospitality project being developed in partnership with Lalit Singh Muktawat. The company has scheduled the property to open in March 2029, marking a significant addition to its growing footprint in India.

Strategically located along the riverfront in Kota, the upcoming resort will cater to a diverse mix of corporate, leisure, and group travelers. Notably, Kota has established itself as a prominent educational hub; however, it also plays a crucial role as an industrial center, with sectors such as chemicals, cement, engineering, and power contributing significantly to its economic landscape. Consequently, ongoing infrastructure development and improved connectivity are increasing the demand for branded accommodation in the city.

Furthermore, the project will be located approximately 10 kilometres from the proposed Kota Airport, which will enhance connectivity to major domestic and international destinations. In addition, Kota continues to attract visitors for its rich cultural heritage, including forts, palaces, havelis, and stepwells, thereby strengthening its appeal as a tourism destination.

The resort will feature 200 guest rooms and villas, along with a comprehensive range of amenities. Additionally, it will include an all-day dining restaurant and a bar, while also offering meeting and event facilities as well as banqueting spaces. Moreover, the property will provide a fitness center, a swimming pool, a spa, and multiple recreational areas, thereby ensuring a well-rounded hospitality experience for guests.

Rahool Macarius, Market Managing Director – Eurasia, Wyndham Hotels & Resorts, said, “With Kota emerging as a prominent commercial and educational center in Rajasthan, we are pleased to strengthen our presence in the region with a globally recognized and trusted brand. By focusing on tier-II and tier-III cities, we aim to tap into new growth opportunities and cater to the evolving preferences of guests across India’s rapidly expanding markets.”

Wyndham’s latest signing underscores its strategic focus on expanding into high-growth tier-II and tier-III cities. As infrastructure improves and travel demand rises, Ramada Resort by Wyndham Talera Kota will capitalize on the city’s dual strength as an educational and industrial hub while also enhancing the region’s hospitality landscape.

BIDSO Raises ₹63 Crore in Series A, Strengthens Push in Global Toy Manufacturing

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March 23, 2026

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BIDSO Raises ₹63 Crore Series A, Strengthens Push in Global Toy Manufacturing — Vivek Singhal, Rahul Agarwal, and Aditya Krishnakumar, co-founders, BIDSO

23 March 2026, National, India: BIDSO, a design-led manufacturing platform focused on the global toys and consumer products ecosystem, today announced that it has raised ₹63 crore in a Series A funding round led by Blume Ventures, comprising ₹51 crore in equity and ₹12 crore in venture debt. The round also saw participation from existing investors Peer Capital and Sadev Capital. Venture debt for the round has been raised from Alteria Capital.

The Series A round, finalised in March 2026, follows BIDSO’s earlier institutional backing from Peer Capital during its seed round in July 2023 and a pre-Series A round in January 2025 that saw participation from Peer Capital along with Sadev Ventures, Marshot Ventures, and Atrium Ventures.

Sajith Pai, Partner, Blume Ventures, says, “After textiles, toys are shaping up to be one of the bigger beneficiaries of the China+1 shift, and Bidso is one of the very few Indian manufacturers actually equipped to serve that demand today. Vivek, Rahul, and Aditya have known each other for over 15 years and bring complementary skills and deep operating experience to come together with a clear-eyed understanding of what Indian toy manufacturing needs. Their depth of customer insight, coupled with operating rigor, makes them amongst the best teams we have seen in manufacturing thus far. We are excited to partner with Bidso and support them for the next phase of growth ahead.”

The fresh capital will be deployed to strengthen BIDSO’s product design and manufacturing capabilities, expand its manufacturing footprint and production capacity, and significantly scale its product portfolio. The company will also invest in expanding its design, engineering, production, and sales teams as it accelerates growth in both domestic and international markets.

Commenting on the funding, Vivek Singhal, Co-Founder & Chief Executive Officer, BIDSO, said, “We are disrupting the traditional manufacturing bottleneck by integrating product design and licensing execution directly into the supply chain. Our unique FOCO model brings a much-needed network effect to manufacturing capacity, providing the agility that the industry has lacked for decades. With this new capital, we will expand our manufacturing network and design capabilities, enabling both global and domestic brands to scale high-quality production out of India at unprecedented speeds.”

Over the past 12 months, BIDSO has recorded significant momentum across its global B2B partnerships with leading toy brands. The company has also successfully executed a strategy of acquiring licenses for globally recognized characters such as Peppa Pig, Harry Potter, Transformers, and NASA, enabling the company to develop licensed product ranges for its brand partners that resonate strongly with children.

These developments, combined with a substantial expansion of its product portfolio and increased manufacturing capacity, have helped BIDSO more than double its revenue over the last 12 months. During this phase, the company has also transitioned from being perceived purely as a contract manufacturer to being recognized by customers as a strategic partner in product development and innovation.

Ankur Pahwa, Managing Partner, Peer Capital, says, “Consumer goods is a trillion-dollar global market where India holds less than 2% of supply despite having every other advantage: demand, talent, capital, and digital infrastructure. The gap has always been a missing capability layer: a full-stack Original Design Manufacturer that can take a brand from brief to shelf-ready product. Bidso has built the kind of capability spine that Indian manufacturing has lacked, and that global supply chain diversification is now urgently demanding. With 7-8% of global consumer goods manufacturing projected to shift to India in the next five to seven years, Bidso is positioned at the centre of what we believe is a generational opportunity.”

BIDSO is currently focused on the toys segment, but over time plans to leverage the design, engineering, and manufacturing capabilities it is building to expand into adjacent consumer product categories that represent a combined global market opportunity of approximately $486 billion, with an estimated India market of around $22 billion. Within these sectors, nearly 45% represents organized contract manufacturing opportunities, creating significant long-term potential for integrated manufacturing platforms like BIDSO.

Rahul Agarwal, Co-Founder & Chief Business Officer, BIDSO, added, “We are seeing a structural shift in both domestic and global markets. Indian brands are scaling rapidly, increasing demand for innovation-led manufacturing partners, while global brands are diversifying supply chains beyond China as a strategic priority. This creates a strong opportunity for India to emerge as a hub for design-led manufacturing, with end-to-end support for scaling brands.”

About BIDSO

Bidso is a design-led manufacturing platform helping consumer brands design, develop, and manufacture customised products at scale. Its integrated platform spans product design, engineering, licensing execution, and manufacturing, enabling brands to bring new products to market faster while also serving as a long-term supply partner in their growth journey.

Founded by Vivek Singhal, Rahul Agarwal, and Aditya Krishnakumar, XLRI alumni with experience at Flipkart, Udaan, and ITC, Bidso is backed by leading angel investors and institutional capital. Bidso is currently focused on mobility toys and plans to expand into adjacent consumer product categories.

Media Contact:

Raksha Arun | +91 9940895931 | raksha@consociaadvisory.com

Saman Ziya Khan | +91 97667 17506 | saman@consociaadvisory.com

Brigade Hotel Ventures plans expansion into Goa, Varanasi with Rs 3,000-Cr investment

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March 23, 2026

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Brigade Hotel Ventures plans expansion into Goa, Varanasi with Rs 3,000-Cr investment — Vineet Verma, Director, BHVL

Brigade Hotel Ventures (BHVL), the hospitality arm of the Brigade Group, is actively planning to expand its presence beyond South India by targeting northern and western markets, particularly in the spiritual and leisure hospitality segments. As part of this strategy, the company is focusing on high-potential destinations such as Goa and Varanasi.

“We are looking at Goa and Mumbai in the western region. In north India, we are looking at Varanasi and Rishikesh. Of course, Ayodhya as well in the long term,” BHVL director Vineet Verma said. He further clarified that, depending on the specific location, the company will develop either four-star or five-star category properties to align with market demand.

At the same time, BHVL is diversifying its expansion approach by exploring both greenfield and brownfield opportunities. “We are looking at acquisitions, not just pure greenfield projects, going forward. The reason is that you can hit the ground running and start the hotel business much quicker. Typically, it takes about three to four years to build a new hotel. If we acquire an operating hotel, we only need to renovate it, which takes about six months to a maximum of one year to commence operations,” he said.

Currently, BHVL operates a portfolio of nine hotels across key cities such as Bengaluru, Chennai, Kochi, Mysuru, and GIFT City, collectively offering more than 1,600 keys. Furthermore, the company has nine additional properties in the pipeline across southern markets, including key micro-markets like ECR and OMR in Chennai, as well as Hyderabad and Thiruvananthapuram. These developments are expected to add approximately 1,700 keys over the next three to four years.

“We are investing more than Rs 3,000 crore for this expansion. While we developed over 1,600 keys in the past 16 years, we will double that number in just four years,” Verma said.

Brigade Hotel Ventures is accelerating its growth trajectory by combining strategic acquisitions with new developments while also expanding into high-demand spiritual and leisure destinations. With a significant investment pipeline and an aggressive scaling plan, the company is positioning itself as a key player in India’s evolving hospitality landscape.

ByteDance sells Moonton to Savvy Games for $6 Billion

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March 20, 2026

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ByteDance has agreed to sell its gaming unit Moonton to Savvy Games Group for approximately $6 billion. Through this move, ByteDance is strategically exiting a gaming asset it acquired just a few years ago to sharpen its focus on generative AI initiatives.

According to an internal memo, Moonton CEO Zhang Yunfan confirmed that the Beijing-based company has signed an agreement with the Saudi-backed firm, and the transaction will be finalized in the near future. Furthermore, Zhang clarified that he and his management team will continue to lead the company, while employees will receive a range of incentive programs as part of the transition.

Although the memo did not disclose the financial details, sources familiar with the matter indicated that the deal values Moonton at around $6 billion. Notably, this represents a significant increase from the $4 billion ByteDance paid to acquire the studio in 2021, highlighting the strong growth trajectory of the gaming business.

Meanwhile, Savvy Games Group, which operates under Saudi Arabia’s $1 trillion Public Investment Fund, continues to play a key role in the kingdom’s ambitious strategy to become a global powerhouse in video games and esports. As a result, this acquisition aligns closely with Saudi Arabia’s broader vision of expanding its footprint in the global gaming ecosystem.

Moonton, for its part, specializes in multiplayer mobile games that have gained immense popularity, particularly across Southeast Asia. Its flagship title, Mobile Legends: Bang Bang, has surpassed 1.5 billion installations worldwide, underscoring the studio’s strong market presence and user engagement.

At the same time, ByteDance’s decision to divest Moonton reflects a broader industry shift, as major technology companies increasingly prioritize artificial intelligence and next-generation digital capabilities over traditional gaming investments.

The sale of Moonton marks a strategic pivot for ByteDance while simultaneously strengthening Savvy Games Group’s position in the global gaming market. As both companies realign their priorities, the deal highlights the growing convergence of technology, gaming, and AI-driven innovation on a global scale.

Ventive Hospitality partners Roarsome for family experiences in Maldives

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March 20, 2026

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Ventive Hospitality partners Roarsome for family experiences in Maldives — Ranjit Batra, Chief Executive Officer, Ventive Hospitality Ltd.

Ventive Hospitality has partnered with Roarsome to introduce a new family-focused experience at Conrad Maldives Rangali Island. Through this collaboration, the companies aim to enhance outdoor and nature-based activities for children, thereby enriching the overall guest experience.

As part of this initiative, the resort will roll out Roarsome-themed adventure programmes designed specifically for young guests. These will include engaging activities such as treasure hunts, exploration trails, and interactive outdoor sessions that encourage children to connect with the natural environment. Moreover, the programme will feature structured “Adventure Quests,” where kids will navigate the island using illustrated maps while simultaneously learning about marine ecosystems and sustainability practices.

In addition, the collaboration will extend beyond activities by offering Roarsome merchandise at the resort. This move ensures that families can continue engaging with the brand even after their stay, thereby strengthening the overall experience.

Commenting on the partnership, Ranjit Batra, Chief Executive Officer, Ventive Hospitality Ltd., said, “Hospitality has the power to shape experiences that stay with people for life, especially young minds. Roarsome’s mission to get kids off screens and back into the outdoors is both timely and important. Through Conrad Maldives Rangali Island, we are bringing that mission to life in one of the most extraordinary natural environments in the world. This first-of-its-kind collaboration shows how hospitality and purpose-driven brands can come together to shape a future rooted in purpose and sustainability, where we constantly strive to create a better world for the next generation.”

Furthermore, Roarsome—widely recognised for its children’s outdoor apparel made from recycled materials—is leveraging this partnership to expand its international footprint. At the same time, the collaboration reflects a growing trend in the hospitality sector toward experiential, purpose-driven travel offerings.

The initiative will officially launch on April 2, 2026. Additionally, the resort plans to introduce seasonal activities around Easter, thereby providing guests with fresh and engaging experiences throughout the year.

This collaboration between Ventive Hospitality and Roarsome underscores the evolving landscape of family travel, where immersive, educational, and sustainability-focused experiences are becoming increasingly important. By combining luxury hospitality with purposeful outdoor engagement, the partnership sets a new benchmark for child-centric experiences in global resort destinations.

Amazon acquires robotics startup Rivr to boost doorstep delivery

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March 20, 2026

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Amazon acquires robotics startup Rivr to boost doorstep delivery — Marko Bjelonic, Co-founder and CEO, Rivr

Amazon has acquired Rivr, a Zurich-based autonomous robotics startup known for its stair-climbing delivery robot. Although the companies have not disclosed the financial terms, the deal clearly highlights Amazon’s growing focus on enhancing doorstep delivery through advanced robotics.

Co-founder and CEO Marko Bjelonic announced the acquisition on LinkedIn. Notably, he had earlier described the company’s four-legged wheeled robot as a “dog on roller skates,” emphasizing its unique mobility design. Furthermore, Bjelonic stated that the acquisition will “accelerate our vision of building General Physical AI through doorstep delivery, bringing robotics and AI closer to real-world deployment at scale,” indicating that Amazon’s backing will help Rivr deploy its robots more rapidly and efficiently.

Previously, Rivr had initiated a pilot program in Austin in collaboration with Veho, a package delivery firm. At that time, Bjelonic expressed his intention to leverage the partnership to scale operations and eventually deploy up to 100 robots by 2026. However, it remains unclear whether the company achieved that target.

Importantly, the robotics startup had already attracted Amazon’s attention well before the acquisition. The Amazon Industrial Innovation Fund and Bezos Expeditions had participated in Rivr’s $22.2 million seed funding round, which closed in 2024. Overall, the startup raised a total of $25 million and was last valued at approximately $100 million, according to available data.

The acquisition of Rivr underscores a significant step toward integrating autonomous robots into real-world delivery ecosystems. By leveraging Amazon’s scale and resources, Rivr is now better positioned to accelerate innovation and bring next-generation doorstep delivery solutions to market faster.

Summit Hotels & Resorts expands in North Bengal with two boutique projects

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March 20, 2026

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Summit Hotels & Resorts expands in North Bengal with two boutique projects — Sumit Mitruka, Founder of Summit Hotels & Resorts

Summit Hotels & Resorts has expanded its footprint in North Bengal by signing two boutique properties in Siliguri and the Darjeeling Hills. Through this move, the company is further strengthening its focus on experiential hospitality across one of Eastern India’s fastest-growing tourism corridors.

The two developments—Summit Gulma River Resort and Summit Falling Water—will feature 30 rooms each and will emphasize nature-led experiences alongside intimate hospitality formats. Summit Hotels & Resorts will open the Siliguri-based Summit Gulma River Resort on 15 August, while it will welcome guests to the Darjeeling Hills property in early January 2027.

Located in the Gulma area of Siliguri, Summit Gulma River Resort overlooks the scenic Gulma Tea Estate and a flowing river. As a result, it positions itself as a leisure-focused boutique destination with strong event-hosting potential. Moreover, the property will include a mix of standard and studio-style rooms equipped with kitchenettes, thereby catering to extended stays. In addition, guests will have access to an in-house restaurant, bar, spa, gym, and a banquet hall capable of hosting around 150 guests, making it suitable for boutique weddings, social gatherings, and corporate events within the tea garden belt.

Meanwhile, Summit Falling Water will come up in Rangbull, just a few kilometres before Darjeeling, along the main highway leading to the hill station. Drawing inspiration from the iconic Fallingwater residence designed by Frank Lloyd Wright, the property integrates architecture seamlessly with its natural surroundings. Notably, developers will construct the hotel over a natural water stream, and it will feature 30 rooms with private balconies offering views of the stream and surrounding hills.

A key highlight of this property is its proximity to the Darjeeling Himalayan Railway, also known as the Toy Train, which runs directly in front of the hotel. Consequently, guests will be able to enjoy a unique heritage rail experience right from the property itself.

Both projects, therefore, place strong emphasis on immersive and destination-driven experiences. Summit Falling Water will also include a restaurant, coffee shop, spa overlooking the stream, gym, and ample parking facilities. Additionally, seasonal snowfall in the region expects to further enhance the destination’s appeal and attract travellers seeking offbeat, experience-centric hill stays.

Commenting on the expansion, Sumit Mitruka, Founder of Summit Hotels & Resorts, said, “North Bengal continues to be one of the most compelling tourism regions in Eastern India, with demand driven by leisure travellers, weddings, and the growing popularity of experiential hill destinations. With Summit Gulma River Resort in Siliguri and Summit Falling Water near Darjeeling, we are focusing on boutique properties that are deeply connected to their surroundings. Whether it is tea garden landscapes in the plains or a stream flowing through a hill property with views of the toy train, our aim is to create stays where the destination itself becomes the central experience for travelers.”

This expansion highlights a broader transformation in India’s hospitality sector, where travellers increasingly prefer intimate, nature-connected stays over large-scale resort developments.

AI infrastructure startup Yotta eyes $4 Bn valuation ahead of IPO

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March 20, 2026

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AI infrastructure startup Yotta Data Services is reportedly targeting a valuation of around USD 4 billion as it gears up for its planned initial public offering (IPO), according to media reports.

As part of its pre-IPO strategy, the Mumbai-based company is aiming to raise approximately USD 500 million to USD 600 million. Furthermore, sources indicate that Yotta may file its draft prospectus within the next few weeks, signaling a significant step toward its public market debut.

At the same time, Yotta continues to strengthen its position in the AI infrastructure space. The company operates large-scale data centre facilities and manages one of India’s biggest clusters of Nvidia AI processors, thereby reinforcing its technological capabilities and market relevance.

In preparation for the IPO, Yotta is also engaging with several leading investment banks. These reportedly include the Indian arms of Nomura, Goldman Sachs, ICICI Securities, and Kotak Securities, which may help manage the public offering.

Meanwhile, investor interest in the company appears strong. Yotta has attracted attention from global institutional players, including sovereign wealth funds such as Mubadala Investment Company, along with participation from Indian family offices. This growing interest underscores confidence in India’s rapidly expanding AI and data infrastructure ecosystem.

Additionally, Yotta is positioning itself as a strong domestic alternative in the AI infrastructure landscape. This move aligns with India’s broader push to build sovereign capabilities in artificial intelligence and reduce reliance on global technology giants. Consequently, the company is accelerating its investments in AI compute infrastructure to capitalize on this momentum.

As India continues to emerge as a key hub for data centres and AI-driven investments, Yotta’s expansion strategy and upcoming IPO reflect the sector’s increasing importance.

Yotta Data Services is strategically leveraging market demand, investor interest, and national AI ambitions to strengthen its foothold. If executed effectively, its IPO could mark a significant milestone not only for the company but also for India’s evolving AI infrastructure ecosystem.

Radisson and Sarovar partner with PBP EcoAqua for sustainable bottling solutions

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March 19, 2026

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PBP EcoAqua (Progressive Business Partnership) has announced that it has secured the RFQ to serve as the supplier for in-house water bottling plant solutions across the Radisson Hotels and Louvre Hotels (Sarovar) portfolios in India. Notably, this mandate represents one of the most significant bottling initiatives in the Indian hospitality sector, covering a rapidly expanding hotel network.

Currently, Radisson operates over 200 hotels across the country and is on track to reach 500 properties by 2030. Meanwhile, Louvre Hotels continues to strengthen its footprint through the Sarovar brand portfolio.

Over the years, PBP EcoAqua has built a strong reputation for delivering turnkey in-house bottling solutions specifically designed for hospitality operations. With more than 100 clients, 27 brands served, a presence across 40 cities, and over 55 million bottles delivered, the company combines engineering expertise with operational discipline. As a result, it consistently provides scalable, sustainable, and quality-driven systems. Additionally, its CE-certified infrastructure and ISO-aligned processes further reinforce its commitment to maintaining global standards.

Commenting on the development, P. B. Prasad, Founder, PBP EcoAqua, said, “This mandate reflects the confidence leading global hospitality brands place in our execution capabilities and service standards. We see this as both a privilege and a responsibility. Our focus will remain on delivering consistent quality, operational efficiency, and sustainable solutions across every location.”

Adding further insight, Shefali Prasad, Business Development Director, PBP EcoAqua, said, “This has been among the most rigorous, detailed, and professionally demanding evaluation processes we have engaged in—spanning over eight months. The depth of diligence and engagement reflects the seriousness of the mandate and reinforces our confidence in delivering long-term value across the portfolio.”

Moreover, Director of Projects, Prateek Prasad, PBP EcoAqua, added, “Our teams, systems, and execution frameworks are fully aligned and prepared to scale responsibly to meet this mandate. We are confident in our ability to deliver with consistency, speed, and precision across locations.”

This partnership underscores the growing emphasis on sustainable and in-house solutions within the hospitality industry. As leading hotel chains continue to expand, collaborations like this are likely to play a critical role in driving efficiency, reducing environmental impact, and elevating guest experience across India.

Brickhill Group expands land portfolio, seeks strategic partners for growth

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March 19, 2026

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The Brickhill Group, a prominent land-driven real estate development firm, has established a strong and strategic presence across high-growth Indian markets such as Mohali, Gurugram, and Goa. Building on this momentum, the company is now planning significant expansion of its land portfolio. At the same time, it is actively seeking institutional partners, investors, and developers to collaborate on its vision of creating future-ready real estate projects across India.

Moreover, the company delivers end-to-end real estate development and land advisory services, with a sharp focus on research-driven insights and feasibility studies. These efforts help identify high-potential land parcels in emerging markets. Through rigorous due diligence and consistent execution by its founders and team, Brickhill has successfully acquired substantial land holdings across key growth regions in the country.

In addition, Brickhill goes beyond conventional land acquisition. It offers customised services such as development feasibility assessments, innovative project concepts, and joint venture structuring solutions tailored for diverse real estate developments. Consequently, this integrated approach enables stakeholders to unlock maximum value from their investments while ensuring long-term scalability.

The founder of the Brickhill Group, Mr. Abhishek Chauhan, and Mr. Sumit Bhriya have built a strong reputation for strategic execution and transparent operational practices. As a result, the company has positioned itself as a trusted player in the real estate ecosystem. Furthermore, its emphasis on data-backed decision-making and structured planning allows it to transform raw land into well-planned, future-ready developments that align with India’s evolving infrastructure needs.

Strategically, Brickhill focuses on emerging growth corridors across the country, identifying land assets with high appreciation potential. Additionally, the company has partnered with reputed industry stakeholders, including channel partners, planners, consultants, and infrastructure experts. These collaborations not only strengthen its development ecosystem but also accelerate project execution and market readiness.

The Brickhill Group continues to reinforce its position as a forward-thinking real estate developer by combining strategic land acquisition with innovative development planning. As India’s real estate sector evolves, the company’s focus on partnerships, research, and scalable execution is expected to play a crucial role in shaping next-generation infrastructure and urban growth.

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