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Ladhani Group to invest Rs 3000-Cr in hotel expansion

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Ladhani Group plans to invest approximately Rs 3,000 crore in its hospitality business and increase its room capacity to 1,500 over the next three to five years as part of its expansion strategy, according to a senior company executive.

The Group has signed agreements with the Taj Group for two new properties in Haridwar and Ayodhya and is also in talks with other international hotel chains.

“So, if everything goes on time, we will add another 1,000 rooms in the next three years. From the present 500, we will have 1,500 rooms,” its executive director Paritosh Ladhani said.

Regarding the investment, Ladhani said, “The overall investment for 1,000 keys would be around Rs 3,000 crore”.

Earlier this month, East India Hotels Limited (EIH), which operates the Oberoi group of hotels, announced two new resorts in Rishikesh in partnership with the Ladhani Group.

“We have great plans for hospitality. Apart from Taj, we have just tied up with Oberoi, and I am in touch with a few large international chains, specifically Ritz Carlton and Four Seasons for Agra,” said Paritosh Ladhani, who is also Joint Managing Director of the Group’s flagship firm SLMG Beverages.

Ladhani said that he is “bullish” on the hospitality business of the Group.

The Group has also secured agreements for two additional hotel properties set to open in Lucknow.

“We are coming up with a Taj in Haridwar and a Taj in Ayodhya. We have two Taj signed up in Lucknow,” he said, adding that “we are also planning to expand our partnership with Taj and Oberoi brands in other cities.”

Ditto secures $82M to enhance edge-to-cloud data synchronization

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Adam Fish, CEO and co-founder, Ditto

Ditto, a company focused on providing “resilient” connectivity for edge devices, has raised $82 million in a Series B funding round, bringing its post-money valuation to $462 million—more than double its Series A valuation from 2023. In this context, “edge” refers to a distributed computing approach that brings data processing and storage closer to where it’s created (such as IoT sensors, 5G routers, or smartphones) rather than relying on centralized data centers and cloud platforms. This method reduces latency and optimizes bandwidth by processing data directly on the device or edge servers near the data’s source.

In the era of AI and resource-heavy machine learning models, speed is crucial, especially in scenarios requiring real-time decision-making or unreliable connectivity.

According to CEO and co-founder Adam Fish, Ditto skips the need for physical edge servers, a costly and labour-intensive solution that customers can avoid.

“Imagine your local fast food restaurant chain — if they’ve added in additional servers and built out Wi-Fi networks in all their locations, when something goes wrong, no one on-site is equipped to fix it,” Fish said.

Instead, Ditto uses the hardware companies’ workforce, such as smartphones, that are already employed.

“We replace hardware with software — a no-brainer choice,” Fish added.

Ditto’s platform includes a key “edge sync” component, an embeddable software development kit (SDK) that device manufacturers can incorporate into their applications. This enables companies to leverage the devices’ built-in Bluetooth, Wi-Fi, or local LAN capabilities to form “ad-hoc mesh networks,” allowing apps to discover and communicate with each other without relying on a centralized cloud server. Ditto acts as a mobile database, enabling apps to read from and write to it locally.

This approach has led Ditto to attract several major airlines as customers, including Delta, Japan Airlines, and Lufthansa.

“Airlines require constant crew collaboration, especially while in-air, but cabin connectivity is often unstable,” Fish said. “This means the apps [that] cabin crew use to stay in touch during takeoff, in-flight, and landing can often be disrupted, leading to poor communication among the team and, at times, a poor customer experience.”

Delta, for example, has built a mobile app for its flight attendants that integrates Ditto’s SDK and works on standard company-issued iPhones.

“Flight attendants can now chat with each other from anywhere in the cabin, making it easy to collaborate with team members consistently during the flight and provide the best customer experience,” Fish added.

With the new $82 million, Fish says Ditto plans to expand its team and scale its core product, including forming partnerships with cloud database vendors. This builds on its collaboration with MongoDB, which recently launched the MongoDB Connector to synchronize data between edge devices and MongoDB databases.

As AI increasingly impacts society, edge computing will become more critical for real-time data processing, low latency, and enhanced data privacy, as sensitive information can be processed locally instead of in the cloud.

“There are massive tailwinds to edge computing, especially with the rise of AI,” Fish said. 

“Running models at the edge adds resiliency, improves privacy and lowers costs. Our vision with Ditto is that it becomes the de facto company and platform you turn to when thinking about the edge.”

Ditto’s Series B round was led by Top Tier Capital Partners and Acrew Capital, with participation from Advance Venture Partners, Amity Ventures, Friends & Family Capital, Fundrise, USIT, IIJ, and True Ventures.

Binny Bansal launches Opptra to drive consumer brand growth

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Flipkart co-founder Binny Bansal has launched a new venture called Opptra, a franchising business designed to revolutionize how consumer brands expand across Asia. Opptra is creating a portfolio of franchised businesses specializing in specific categories within local markets. The venture equips these businesses with centrally developed technologies and a shared global supply chain infrastructure.

“Many consumer brands have the potential to scale globally, but navigating new markets is tough—cultural, infrastructural, and regulatory differences make it complex, especially in a rapidly evolving retail landscape. Opptra unlocks Asia for brands by combining deep market expertise, cutting-edge tech, and a powerful supply chain. But Asia is just the start—our longer-term vision is to take brands from anywhere to everywhere worldwide,”  said Binny Bansal, Opptra founder and chairman.

Bansal, who co-founded the Indian e-commerce giant Flipkart and exited in 2019 after its $20 billion sale to Walmart, is now focused on helping brands unlock their global growth potential through Opptra. His goal is to equip these brands to thrive in a retail landscape that is rapidly evolving due to digital disruption.

Opptra has attracted several top industry experts, including Ranjit Babu, a retail veteran with senior roles at Nokia, Apple, and Amazon India, who now serves as CEO of Electronics and General Merchandise at Opptra. The technology team is led by Giridhar Yasa, formerly with Lendingkart and Flipkart, while Anand Raj, who has experience at Flipkart and Swiggy, will oversee the supply chain. Puneet Khanna, Vice President and Head of Exporio GCC, brings expertise from the Apparel group, and Rahul Gupta, previously with Amazon and Upscalio, is Vice President and Head of Terraspan.

At Opptra, each franchising business will act as a master franchisee or licensing partner, fully committed to the brands’ success. Unlike traditional distribution partners focused on brick-and-mortar stores, Opptra will use its e-commerce expertise to speed up market entry. With Asia driving 70% of global consumer growth, the rise of e-commerce has reduced expansion barriers, offering brands lower entry costs, wider reach, and faster adaptability. Each business will blend online and offline channels to suit local consumer behavior and category needs.

Opptra’s franchising businesses will offer end-to-end capabilities, including product adaptation, import compliance, omnichannel distribution, and manufacturing when necessary. The company distinguishes itself by enabling faster launches and smarter long-term growth through AI-driven localization, digital-first branding, rapid fulfillment, and strong data analytics.

Two businesses are already operational: Exporio, focused on fashion and lifestyle brands expanding into the GCC region, and Terraspan, which serves home and kitchenware brands entering India, the GCC, and Southeast Asia. Additional franchise businesses in Electronics, Sports, Babycare, and General Merchandise are in development. Each aims to be the preferred partner for brands entering any Asian market.

Opptra is developing advanced technology to support its franchise businesses, enabling faster market entry, smarter product decisions, efficient operations, and long-term growth. At its core is a tech-driven global supply chain integrating robotics, automation, and smart logistics, built on Binny Bansal’s experience scaling Flipkart.

In addition to Flipkart, Bansal has co-founded, supported, or advised ventures such as xto10x, Udhyam Learning Foundation, Three State Ventures, 2GUD, and 021 Capital.

Sterling Launches new resort in Tipeshwar

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Sterling Holiday Resorts has unveiled Sterling Tipeshwar, a luxury wildlife retreat nestled in the pristine surroundings of the Tipeshwar Tiger Reserve, Maharashtra. With this launch, Sterling further cements its reputation as a leading name in wildlife hospitality, boasting 14 resorts across India’s top jungle destinations.

Strategically located along the NH44 highway, Sterling Tipeshwar offers a convenient escape—just 3.5 hours from Nagpur and 5 hours from Hyderabad. Unlike larger reserves, Tipeshwar promises exclusive tiger sightings with minimal crowds, making it one of India’s best-kept wildlife treasures. Spanning 7 acres, the resort seamlessly blends luxury with sustainability. Guests can stay in elegantly designed safari tents, opulent villas, and luxury accommodations, each adorned with wildlife-inspired motifs and featuring private sit-outs for an immersive nature experience. Personalized barbecues under the stars add to the charm.

At the heart of the resort lies “Adavi,” a green sanctuary with over 50 fruit-bearing trees, attracting diverse birdlife and enriching the local ecosystem. Expert naturalists curate guided safaris, nature walks, and storytelling sessions about Tipeshwar’s legendary Golden Tiger and Phantom Paws.

Sterling Tipeshwar’s in-house restaurant, Sparrow, offers a gastronomic journey through Maharashtra, Telangana, and Andhra Pradesh flavors. Dishes like Khandesi Mutton Sukka and Nellore Chepala Pulusu, prepared by local village women, bring regional authenticity to the table. As an all-inclusive resort, guests can indulge in curated dining, high-tea experiences, and in-room gourmet delights, making it a truly unforgettable retreat.

“This resort is more than just a wildlife retreat; it’s an invitation to experience nature at its most raw and beautiful. In line with increasing demand for sustainable and experiential travel, I am proud to introduce Sterling Tipeshwar – a feather in the cap for our wildlife portfolio & a must-visit destination,” said Mr. Vikram Lalvani, MD & CEO of Sterling Holiday Resorts.

With year-round tiger sightings, exclusive lounge spaces, and wellness getaways during monsoons, Sterling Tipeshwar promises an unforgettable escape for wildlife lovers, photographers, and city dwellers seeking tranquility.

“Tipeshwar is a hidden gem on India’s wildlife map. With a high-density tiger population, the reserve offers a great opportunity for tiger sightings. The resort is located just outside the forest and has a unique design inspired by local fauna and flora. We are delighted to collaborate with Sterling Holiday Resorts for this wildlife resort,” said Mr. TVN Rao IFS Retd & CP Reddy, Palavelli CPR Pvt Ltd.

With this latest addition, Sterling redefines luxury in the wild, blending immersive nature experiences with world-class hospitality.

Nykaa launches new subsidiary – Nykaa Essentials

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FSN E-Commerce Ventures (Nykaa) has established a new wholly owned subsidiary, NykaaEssentials, with its registered office in Mumbai, Maharashtra.

The newly formed subsidiary aims to trade and distribute various products, including cosmetics, toiletries, beauty and personal care items, healthcare products, lifestyle essentials, perfumery, and other related goods.

Nykaa Essentials has been incorporated with an authorized share capital of ₹10 lakh and a paid-up share capital of ₹5 lakh. FSN E-Commerce Ventures holds full subsidiary ownership with a 100% stake.

This incorporation does not fall under related party transactions, and no promoters or entities from the promoter group hold any interest in the new subsidiary.

The announcement was made on March 11, 2025, after market hours.

Nykaa (FSN E-Commerce) is India’s lifestyle sector’s leading consumer technology platform. Since its inception, it has expanded its offerings with platforms such as NykaaFashion, Nykaa Man, and Superstore. Through its omnichannel e-commerce model, Nykaa provides access to over 6,000 brands via its website and mobile applications.

The company’s consolidated net profit surged 51.35% to ₹26.41 crore, driven by a 26.74% rise in revenue from operations, reaching ₹2,267.21 crore in Q3 FY25 compared to Q3 FY24.

Despite the strong financial performance, the stock declined 2.32%, trading at ₹162 on the BSE.

Rapido expands into food delivery to compete with Swiggy and Zomato’s duopoly

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Ride-sharing app Rapido reportedly plans to introduce a food delivery service on its platform. The company is currently discussing expanding its operations into this new sector with restaurant owners.

The report also mentions that some of Rapido’s executives have met with restaurateurs to develop a business strategy to challenge the commission model used by established food delivery platforms like Zomato and Swiggy.

Launched in 2015 as a bike taxi service, Rapido has quickly risen to secure the second position in India’s ride-sharing market. This move comes as Rapido looks to enter its next phase of growth, following its achievement of surpassing $1 billion in annualized gross merchandise value (GMV).

The report citing sources also stated, “These are early discussions to determine if Rapido can challenge the Zomato-Swiggy duopoly. The company already offers delivery services for individual restaurants using its two-wheeler fleet.” It further stated that the discussions are underway, and the plans have not been finalized yet.

It’s important to note that Rapido already handles food delivery on behalf of Swiggy, an investor in the ride-sharing startup. According to the report, Swiggy’s investment in Rapido did not include an exclusivity agreement.

Currently operating in 100 cities, Rapido plans to expand its service to 500 cities across India by 2025. This expansion follows the company’s recent $30 million funding round in February, backed by Prosus, a Dutch investment firm. This latest fundraising is an extension of the $200 million raised in the previous year during a round led by WestBridge Capital, which helped boost the company’s valuation to $1.1 billion.

The report also mentioned that Rapido, originally a bike-taxi platform, has seen a rise in daily ride bookings. In November, the platform averaged 2.6 million rides per day, which has increased to between 3.2 and 3.5 million daily rides.

Although Rapido’s ride volumes are still primarily driven by bike taxis, the number of auto-rickshaws and four-wheeler cabs on the platform is skyrocketing. This growth is attributed to the company’s subscription-based model, which allows gig workers and drivers to access the platform and its users for a daily or weekly fee rather than paying a commission on each ride.

Rapido’s move into the online food delivery market comes at a time when the sector is experiencing slower growth, as restaurant owners and delivery platforms are disputing commission rates.

As Deepinder Goyal, the founder of Zomato, noted, the slowdown in the food delivery industry has been linked to systemic issues.

AmpereHour Energy raises $5M in funding from Avaana Capital

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Energy storage startup AmpereHour Energy has secured $5 million (approximately Rs 43.6 crore) in funding from Avaana Capital, a climate-focused investment fund, with additional participation from UC Impower, the climate and sustainability fund of early-stage VC Capria, along with support from existing angel investors. The Mumbai-based company intends to use the funds to enhance its manufacturing and software capabilities, boost research and development (R&D), and accelerate product innovation.

Founded in 2017 by IIT Bombay graduates Ayush Mishra, Rahul Shelke, Harshal Thakur, and Neehar Jathar, AmpereHour Energy develops battery energy storage systems designed to help businesses and power grids efficiently store and manage electricity. The company focuses on stationary energy storage solutions for power infrastructure.

“A lot of the proceeds of this fundraising will be utilized to provide adequate financial strength to execute our pipeline. In addition to this, as a technology company, we also have to invest a lot of capital into building better hardware solutions or software solutions,” said Mishra, CEO of AmpereHour.

The company works with prominent clients such as Amazon, Siemens, Coca-Cola, and Indigrid and has implemented projects at over 50 locations. Mishra mentioned that AmpereHour is commissioning around 50 megawatt-hours (MWh) of power storage capacity, with plans to expand to 1 gigawatt-hour (GWh) within 18 months.

AmpereHour Energy’s proprietary Elina energy management software enhances battery performance, enabling efficient renewable energy integration, backup power solutions, and grid stability.

The startup is also allocating a portion of the funding for geographical expansion. It currently has projects in Oman, Nigeria, and Belgium and is developing an energy storage project in the UAE.

Mishra emphasized the increasing demand for energy storage in India, pointing out that the country’s electricity grid currently has less than 500 MWh (0.5 GWh) installed storage capacity. However, he mentioned that recent studies examining generation and consumption patterns predict India will require over 230 GWh of energy storage within the next seven to eight years. “The opportunity remains massive,” he stated.

The funding comes as increasing energy consumption at artificial intelligence (AI) data centers and electric vehicle charging stations further drives demand for batteries and sustainable energy solutions.

“As the world transitions to renewable energy, energy storage is becoming an increasingly critical part of the power value chain. The inherently intermittent nature of solar and wind energy and the mismatch in energy generation and consumption demands a buffer that can store and dispatch energy on demand,” said Anjali Bansal, founding partner of Avaana Capital.

Macrotech Developers acquires Unichem’s Mumbai land for ₹279-Cr

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Real estate developer Lodha, listed as Macrotech Developers, has signed an agreement to purchase a 3.4-acre land parcel in Jogeshwari West, a western suburb of Mumbai, from pharmaceutical company Unichem Laboratories for over ₹279 crore.

Located at Prabhat Estate off Swami Vivekananda Road, the property includes an 82,000 sq ft building previously serving as Unichem’s registered office.

Although the transaction is yet to be finalized and registered, Unichem’s board of directors has approved the decision to monetize the land. The book value of the property in the company’s financial records stands at approximately ₹2.18 crore.

Lodha has already developed projects in prominent western suburbs such as Borivali, Kandivali, Andheri, Versova, Malad, and Juhu. 

In the first nine months of the 2024-25 financial year, the company added eight new projects across Mumbai Metropolitan Region (MMR), Bengaluru, and Pune, with a total gross development value of ₹19,500 crore. With this, Lodha has achieved over 90% of its full-year target.

In the December quarter, the company launched a new project in Bengaluru with a gross development value of ₹2,800 crore. This marks its fifth project in the city, which expects to drive substantial pre-sales growth starting next financial year.

Major metro cities like Mumbai, Delhi-NCR, and Bengaluru are witnessing record-high land transactions for luxury housing and mixed-use developments. Meanwhile, tier-2 cities are also gaining traction, attracting investments in residential projects, plotted developments, and warehousing.

Secret Ingredient partners with Dalmia Gold Tea for expansion

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Food consulting firm Secret Ingredient has partnered strategically with the Dalmia Gold Tea Group to grow their popular Pekoe Café brand across India. This collaboration seeks to introduce Pekoe’s unique tea experience to cities nationwide, building on its success in Patna and Siliguri.

Secret Ingredient will lead the expansion effort, leveraging its expertise in restaurant concept development and operational strategy. According to a Secret Ingredient release, the firm’s comprehensive approach will ensure that each new Pekoe outlet maintains brand consistency while adapting to local preferences.

Nikita Dalmia, co-founder of Pekoe Cafe, said, “Pekoe is a vibrant celebration of India’s love for Chai Tapri and street food culture, reimagined with a touch of sophistication. We are on a mission to popularise Indian-Tapri culture along with quality teas from the House of Dalmia Gold, in a more contemporary and refined setting. Going forward, we see it as a unique proposition in the Indian café market, and we want someone who understands this differentiated concept while enhancing the brand value. Therefore, the Secret Ingredient team looks like an ideal fit to take its growth across India”.

Pekoe Café offers a diverse menu of Indian snacks that perfectly complement its tea selections. With its unique and comfortable interiors, the café creates a welcoming atmosphere for customers. Despite providing an exceptional experience, Pekoe Café keeps its prices affordable, ensuring accessibility for a broad audience of tea lovers.

Kula Naidu, director of Secret Ingredient, stated, “We have partnered with the Dalmia Gold Tea Group to bring the Pekoe café experience to more cities. Our team will work diligently to preserve the Brand’s essence while tailoring each location to resonate with local tastes and culture.”

Sid Mathur, director at Secret Ingredient, added, “Pekoe has already captured the hearts of tea enthusiasts in Patna and Siliguri. As we expand, we’re committed to delivering a seamless and elevated experience that will delight customers across India.”

The expansion plan targets multiple cities across India, building upon Pekoe’s current locations in Patna and Siliguri. Secret Ingredient has outlined a phased rollout over the next year, focusing on key areas to ensure success. These include comprehensive market research and strategic location selection, creating inviting interior designs and ambiences that reflect the Pekoe brand, developing and localising menus to cater to regional tastes, and implementing rigorous staff training programs to maintain operational excellence across all new outlets.

goSTOPS raises Rs 35-Cr in Series A funding 

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Pankaj Parwanda and Pallavi Agarwal, Cofounders, goSTOPS

Youth travel hostel brand goSTOPS has secured Rs 35 crore ($4.2 million) in its Series A funding round, led by Blume Ventures and co-led by 1Crowd. Other investors, including Mumbai Angels, Chennai Angels, Indian Angel Network, Lead Angels, and Yuj Ventures, participated in the funding.

In December 2021, goSTOPS raised $1 million in a bridge round, backed by existing investors like The Chennai Angels, Mumbai Angels, and Yuj Ventures.

The funds from this round will strengthen the company’s operations, improve technology, and enhance the social and experiential aspects of its current properties. The company is also finalizing debt partnerships to further support its expansion plans.

Founded by Pallavi Agarwal and Pankaj Parwanda, goSTOPS provides vibrant, social, and design-focused spaces for the younger generation. The Delhi-based company plans to expand its capacity from 2,500 to 10,000 beds across 100 locations over the next 24 months, aiming for 4X growth.

Market research indicates that 70% of young travelers now prefer hostels over traditional hotels, highlighting the rising demand for this category.

goSTOPS faces competition from brands like The Hosteller, Wudstay, and Backpackers Panda. In November 2024, The Hosteller raised $5.7 million in its Series A round.