Prestige Estates expands Hyderabad portfolio with launch of Prestige Golden Grove

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April 4, 2026

Prestige Estates Projects has announced the launch of Prestige Golden Grove, a landmark residential project in Hyderabad, strategically located in the rapidly emerging residential hub of Tellapur. This launch further strengthens the company’s presence in one of India’s fastest-growing real estate markets.

Spanning 28.6 acres, Prestige Golden Grove stands out as one of the largest residential developments in Hyderabad. The project offers a massive total saleable area of approximately 10.36 million square feet and carries an estimated Gross Development Value (GDV) exceeding Rs 9,500 crore. Moreover, the development features 5,120 residential units, thereby catering to strong and diverse housing demand in the region.

The project offers a wide range of configurations, including 2, 3, 3.5, and 4-bedroom homes, along with premium 4-bedroom residences that include staff accommodation. Additionally, the residences range in size from 1,169 sq. ft. to 3,013 sq. ft., while ticket sizes are expected to fall between approximately Rs 1 crore and Rs 3 crore, making the project accessible to a broad spectrum of homebuyers, from mid-segment buyers to premium investors.

Furthermore, the strategic location of Tellapur enhances the project’s appeal, as the area continues to witness rapid infrastructure development, improved connectivity, and increasing demand for quality housing. As a result, Prestige Golden Grove looks forward to attract both end-users and investors looking for long-term value in Hyderabad’s expanding residential landscape.

In addition, the scale and configuration diversity of the project reflect Prestige Estates’ focus on delivering integrated communities that combine modern living with convenience and accessibility. Consequently, the development aligns with the evolving preferences of urban homebuyers seeking spacious, well-designed homes in high-growth corridors.

The launch of Prestige Golden Grove underscores Prestige Estates Projects’ commitment to expanding its footprint in key metropolitan markets. By offering a large-scale, thoughtfully planned residential community in Tellapur, the company aims to capitalise on Hyderabad’s real estate momentum while delivering long-term value to homeowners and investors alike.

HDB Financial Services partners AWS to accelerate financial innovation

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BRL Editor

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April 4, 2026

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HDB Financial Services partners AWS to accelerate financial innovation — Mr. G Ramesh, MD and CEO, HDB Financial Services

HDB Financial Services, in collaboration with Amazon Web Services, has successfully concluded the HDB–AWS Ideathon, bringing together some of India’s most promising innovators to develop production-ready fintech solutions. The initiative focused on solving critical challenges across lending, risk management, customer experience, and operational efficiency, thereby accelerating digital transformation in the financial services sector.

The Ideathon witnessed participation from 38 fintechs, techfins, and technology innovators who submitted solutions aligned with real-world business use cases identified by HDB Financial Services. Moreover, the program aimed to uncover scalable, technology-driven approaches capable of enhancing accessibility, improving service delivery, and boosting operational agility across India’s financial ecosystem.

Subsequently, the Ideathon shortlisted 10 high-potential teams, who worked closely with mentors from HDB Financial Services and AWS over several weeks. During this phase, participants leveraged AWS’s cloud infrastructure, data capabilities, and generative AI tools to design solutions tailored to real operational challenges within HDB’s business environment.

The final stage featured Shark Tank-style presentations, where innovators showcased how emerging technologies can address long-standing inefficiencies and unlock new opportunities in financial services. Following a rigorous evaluation process, Noventiq emerged as the winner for its Agentic AI solution. Meanwhile, Nugget by Zomato and Ganit Business Solutions Pvt Ltd secured the runner-up positions with their scalable, technology-driven offerings.

Commenting on the successful conclusion, G Ramesh said, “Through this Ideathon, we have seen how startups can build enterprise-scale solutions that improve operational efficiency while also supporting financial inclusion across India. The collaboration demonstrates the potential of combining innovation with the scale and reach of established financial institutions.”

Looking ahead, the selected winners will enter a pilot phase with HDB Financial Services, opening pathways for potential long-term commercial partnerships. These pilots will focus on integrating the solutions into HDB’s extensive pan-India network of over 1,700 branches. As a result, customers can expect faster, more seamless, and highly personalised financial services, including improved access to affordable credit, reduced turnaround times, and enhanced overall service experience.

Atmosphere Core expands India presence with Shillong boutique hotel project

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April 4, 2026

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Atmosphere Core has announced a strategic collaboration with Rocky Dhar to launch an upper-upscale boutique hotel in Shillong, further strengthening its presence in India’s premium hospitality segment. The upcoming property, DHAR GOLF VISTA by Atmosphere Shillong, will open in 2027 and will be located in Meghalaya’s capital, approximately an hour from Shillong Airport and adjacent to the renowned 18-hole Golf Link Arena.

As part of its broader expansion strategy, Atmosphere Core continues to focus on delivering premium experiences in emerging hill station destinations, particularly across Northeast India. The Shillong project reflects this vision, aiming to cater to a diverse mix of travellers, including leisure tourists, corporate guests, and curated social events.

Commenting on the development, Salil Panigrahi stated, “As part of our dynamic expansion across India, a key focus is our approach towards developing premium experiences in hill station destinations, particularly in the beautiful northeastern region. This upcoming boutique property in Shillong, Meghalaya, is being thoughtfully designed to cater to a diverse range of travellers—from leisure seekers and corporate guests to curated events and social get-togethers.”

Operating under the Atmosphere Hotels & Resorts brand, the property will feature 75 keys, including deluxe rooms, suites, and presidential suites. Moreover, the hotel will offer panoramic views of the golf course, mountain valleys, lush greenery, and the cityscape, thereby creating a serene and immersive guest experience.

In addition, the hotel will deliver a well-rounded dining and wellness offering. Guests will have access to an all-day dining restaurant with outdoor seating, a sports pub, and a rooftop bar serving both local and multi-cuisine dishes. Wellness amenities will include the ELE|NA Ayur spa with dedicated therapy rooms, along with a swimming pool, golf simulation pavilion, kids’ play area, and an indoor games room.

Situated at an elevation of 1,496 metres, Shillong continues to attract travellers with its blend of natural beauty and cultural richness. Popular attractions such as Ward’s Lake, Elephant Falls, Shillong Peak, Umiam Lake, and the Don Bosco Museum continue to draw visitors year-round. Furthermore, the city’s vibrant live music scene and events like the Shillong Autumn Festival enhance its appeal as a tourism hotspot.

Expanding on the company’s vision, Souvagya Mohapatra said, “The Northeastern state’s hill stations have always been central to our vision of creating iconic luxury experiences. Shillong, the capital city of Meghalaya, with its awe-inspiring cultural heritage backdrop and timeless appeal, is a natural choice for our expansion. As plans to enter this extraordinary destination unfold, I am confident that this collaboration will redefine hospitality in the region.”

From the ownership perspective, Rocky Dhar added, “Atmosphere Core’s distinguished legacy of excellence aligns perfectly with our vision to unveil a transcendent world-class hotel in Shillong. With our vision and focused approach, we are committed to manifesting inspiring, bespoke hotels and resorts that embody the pinnacle of sophistication. This illustrious partnership will not only elevate Shillong’s hospitality landscape but will also set an unrivaled benchmark for elegance and impeccable service in this breathtaking and scenic Northeastern state of India.”

This collaboration marks a significant milestone for Atmosphere Core as it expands into Northeast India’s growing hospitality market. The upcoming Shillong property combines luxury design, a strategic location, and curated guest experiences to set new standards in boutique hospitality while contributing to the region’s tourism growth.

ixigo-backed SqaaS unveils ShellBot AI hosting platform

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April 2, 2026

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ixigo-backed SqaaS unveils ShellBot AI hosting platform — Aloke Bajpai and Rajnish Kumar, co-founders, Ixigo

Squad As a Service S.L. (SqaaS), an AI startup backed by ixigo, has launched ShellBot, a managed and secure AI agent hosting platform aimed at making autonomous AI accessible to individuals, freelancers, SMEs, and enterprises globally. Built on OpenClaw, ShellBot allows users to deploy private, cloud-hosted AI agents that operate, handling tasks such as emails, scheduling, research, coding, and complex workflows across platforms like WhatsApp, Slack, Telegram, Gmail, and Microsoft Teams.

Notably, ShellBot introduces a new category of AI infrastructure by offering users dedicated virtual machines running autonomous AI agents instead of relying on shared environments. As a result, users benefit from enhanced data privacy, improved performance, and greater control. Moreover, the platform enables seamless interaction across more than ten communication channels while maintaining a unified memory and context layer, thereby ensuring continuity across tasks and conversations.

At the same time, SqaaS has prioritised safety and control as core pillars of ShellBot’s architecture. As concerns around AI misuse and unintended actions continue to rise, the platform adopts a “secure by default” framework. Consequently, ShellBot ensures that AI agents execute only user-intended actions through multiple safeguards, including confirmation prompts for critical actions, granular permission settings, protection against prompt injection attacks, and mechanisms to prevent excessive or runaway usage. Additionally, users gain full visibility into agent activities and can pause or stop operations instantly, reinforcing trust and operational reliability.

Furthermore, ShellBot aims to democratise access to advanced AI by extending beyond developers to freelancers, small businesses, and enterprise teams. With pricing starting at €29 per month, the platform lowers entry barriers while delivering enterprise-grade infrastructure and flexibility. Importantly, its model-agnostic design supports multiple leading AI providers as well as local models, thereby preventing vendor lock-in and enabling broader adoption.

Commenting on the launch, Francisco Novella Fletcher said, “ShellBot is built to make powerful AI agents simple, secure, and truly useful in everyday life. Our vision is to leverage advanced AI systems to solve complex, everyday problems at scale while ensuring users always remain in control of how their AI operates.”

Adding further perspective, Rajnish Kumar and Aloke Bajpai stated, “AI agents represent the next paradigm shift in how technology serves users—moving from passive tools to active collaborators. With ShellBot, SqaaS has taken a powerful open-source innovation and made it secure, accessible, and practical for real-world use. The technology powering ShellBot and the underlying agentic system are already being used within ixigo’s own internal AI-driven workflows and are now productized and made available externally. We’re excited to support this journey as ShellBot brings enterprise-grade AI capabilities to a global audience.”

ShellBot is now live with global availability across its Starter and Pro plans, offering an introductory Pro plan at $1 for the first month for a limited period. This launch follows ixigo’s acquisition of a 45.02% stake in SqaaS in February 2026, further strengthening its position in the evolving AI ecosystem.

In conclusion, the launch of ShellBot marks a significant step toward mainstream adoption of autonomous AI agents. By combining security, accessibility, and scalability, SqaaS is positioning itself at the forefront of the agentic AI revolution, enabling users worldwide to leverage intelligent systems as active digital collaborators.

Eternal grants Rs 167-Cr ESOPs to employees, strengthens talent incentives

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April 2, 2026

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Eternal, the parent company of Zomato, has approved a fresh grant of employee stock options (ESOPs) worth approximately Rs 167 crore, according to recent regulatory filings. This move highlights the company’s continued focus on incentivising and retaining talent amid its growth phase.

The company has issued 74.18 lakh stock options, including 64.13 lakh options allocated to eligible employees under the Foodie Bay ESOP 2014, Zomato ESOP 2021, and Zomato ESOP 2024 schemes. Based on the current share price of Rs 224.7, the total value of the newly granted ESOPs stands at around Rs 167 crore. Notably, Eternal had carried out a similar ESOP grant in October last year, when it issued 64.13 lakh options under multiple schemes.

Each stock option is convertible into one fully paid-up equity share with a face value of Rs 1. Under the ESOP 2014 and ESOP 2021 schemes, employees can exercise their options within 10 years from the date of vesting or 12 years from the date of listing, whichever is later. Meanwhile, under the ESOP 2024 scheme, employees can exercise their options within 10 years from the date of vesting.

According to the latest shareholding pattern, employee trusts collectively hold 54.56 crore ESOP options, which account for approximately 6% of the company’s total capital structure. This significant allocation underscores the company’s long-term commitment to employee ownership and wealth creation.

On the financial front, Eternal reported strong performance in Q3 FY26, with revenue from operations reaching Rs 16,315 crore. However, the company posted a net profit of Rs 102 crore during the same period, reflecting a stable earnings trajectory.

As of the latest trading session on the National Stock Exchange, Eternal’s shares were priced at Rs 224.7, giving the company a market capitalisation of Rs 2,16,891 crore.

Eternal’s latest ESOP grant, therefore, reinforces its strategy to align employee interests with long-term business growth. Moreover, by continuing to offer equity-based incentives alongside steady financial performance, the company remains well-positioned to sustain momentum in India’s highly competitive foodtech and digital services landscape.

Trance Hotels acquires two Pune properties, expands hospitality portfolio

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BRL Editor

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April 2, 2026

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Trance Hotels acquires two Pune properties, expands hospitality portfolio — Veer Vijay Singh MD and Chief Executive Officer at Trance Hotels & Resorts

Trance Hotels has expanded its footprint in India’s hospitality sector by acquiring two prominent properties in Pune under a Lease Management model, effective April 1, 2026. Trance Hotels has rebranded The Oakwood Hotel and Sunderban Hotel as Trance Oakwood Hotel, Pune, and Trance Sunderban Hotel, Pune, marking a strategic move to strengthen its presence in a high-growth urban market.

Following the acquisition, Trance Hotels has initiated a comprehensive refurbishment and upgrade plan to transform both properties. The company will focus on modernizing infrastructure, enhancing service delivery, and aligning the hotels with its brand standards. As a result, guests can expect a more contemporary and elevated hospitality experience, designed to meet evolving expectations in the premium business and leisure travel segments.

Meanwhile, the operational transition is already underway, with experienced General Managers overseeing both properties. In parallel, the Pune-based Trance Hotels team is actively working to streamline operations and implement transformation initiatives, ensuring a seamless shift to the new management framework.

At the leadership level, the company draws on deep industry expertise. Veer Vijay Singh, who leads Trance Hotels, brings over four decades of experience in the hospitality sector, having started his career with the Taj Group in the 1970s. He later founded Trance International Hotels and Resort Private Limited, shaping the brand alongside Vishwaveer Singh and Suryaveer Singh. His leadership combines operational depth with long-term strategic vision, positioning the company for sustained growth.

Importantly, Trance Hotels operates on a clear philosophy: guests should not have to choose between business efficiency and luxury comfort. Instead, the brand aims to deliver a balanced experience that integrates both seamlessly, catering to modern travelers who demand convenience without compromising on quality.

Commenting on the development, a company spokesperson stated, “We are excited to bring these two well-located properties into the Trance portfolio. Our focus is on breathing new life into the hotels through thoughtful upgrades and delivering enhanced value to our guests. Pune is a dynamic market, and we see immense potential in elevating these properties to new standards.”

Overall, this acquisition reflects Trance Hotels’ broader growth strategy, as it continues to identify high-potential assets and reposition them through operational excellence and brand-led transformation. With Pune emerging as a key hospitality hub driven by business travel and urban expansion, the company looks forward to capitalize on rising demand while strengthening its market presence.

EKA Mobility reports 5X growth in FY26, expands EV portfolio across segments

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April 2, 2026

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EKA Mobility reports 5X growth in FY26, expands EV portfolio across segments — Sudhir Mehta, Founder & Chairman of EKA Mobility

EKA Mobility has reported a significant surge in performance for FY 2025–26, recording a 5X year-on-year growth in volumes. The company sold 1,143 units and produced 1,344 electric commercial vehicles during the fiscal year, reflecting strong demand across its expanding electric vehicle (EV) portfolio. This growth comes as EKA continues to strengthen its presence across multiple segments, including buses, small commercial vehicles (SCVs), and, more recently, medium and heavy commercial vehicles (M&HCV) trucks.

Importantly, EKA entered the M&HCV truck segment during the year, further diversifying its offerings beyond its established bus and SCV categories. The company also operates as a Champion OEM under the Auto PLI Scheme and has secured certifications across several platforms, reinforcing its compliance and technological capabilities in the EV ecosystem.

“FY 2025–26 is a defining year for EKA Mobility. We are not only scaling volumes but also expanding our manufacturing footprint by adding a new plant recently and increasing our planned annual capacity to 10,000 buses, 6,000 trucks, and 24,000 SCVs. With the widest range of fully homologated, born-electric platforms from last-mile to long-haul, we are uniquely positioned as a full-stack EV company. Our growth across electric buses, small commercial vehicles, and now trucks validates both market demand and our execution capability. India’s transition to clean commercial mobility is accelerating, and EKA is at the forefront driving this shift at scale, with technology, innovation, and global ambition,” said Dr. Sudhir Mehta, Founder & Chairman, EKA Mobility.

The company maintained strong business momentum across segments. It secured key wins under government-backed initiatives such as PM e-Bus Sewa and PM E-DRIVE while deploying electric buses across more than 15 states, including Maharashtra, Gujarat, Uttar Pradesh, Karnataka, and Delhi. At the same time, EKA witnessed a breakout year in the SCV segment, driven by robust demand for its 3S and 6S passenger vehicles along with 3W cargo platforms, which are accelerating last-mile mobility adoption.

Furthermore, EKA’s entry into electric trucks has emerged as a new growth engine, enabling the company to expand its footprint in logistics electrification. In parallel, the company has also made progress in alternative fuel technologies by deploying a 9-metre hydrogen fuel cell bus at Cochin International Airport in collaboration with KPIT Technologies and BPCL, with plans to roll out 15 additional buses.

On the global front, EKA has accelerated its international expansion strategy. The company has commenced electric bus deployments in Africa and entered into a partnership with Kerchanshe Group for CKD assembly and distribution. Additionally, it has signed an agreement with NBFI Capital to explore manufacturing opportunities in Australia, thereby strengthening its global footprint.

Simultaneously, EKA is scaling up its manufacturing capabilities. It currently operates two facilities in Pune, while its Pithampur plant is expected to become operational soon. With this expansion, the company aims to achieve an annual production capacity of 10,000 buses, 6,000 trucks, and 24,000 SCVs, positioning itself to meet rising domestic and international demand.

Moreover, the company continues to expand its retail presence by strengthening its dealership network, with plans to add 120 new dealerships by FY27. This expansion aligns with its growing order book visibility, which includes over 6,000 confirmed electric bus deliveries scheduled over the next two years.

Founded in Pune, EKA Mobility focuses on transforming India’s commercial mobility landscape through sustainable solutions. Its portfolio spans electric buses, trucks, and small commercial vehicles, supported by proprietary AI-powered fleet technology that enables end-to-end mobility solutions. Backed by global investors such as Mitsui & Co., Ltd., VDL Groep, Pinnacle Industries Limited, Enam Holdings, and the NIIF India-Japan Fund, the company continues to expand its presence across East Africa, South Africa, and Australia.

EKA Mobility’s strong FY26 performance underscores its rapid scale-up and strategic diversification across segments and geographies. As India accelerates its transition toward clean mobility, EKA’s integrated approach, expanding capacity, and global ambitions position it as a key player shaping the future of electric commercial transportation.

Amazon eyes Globalstar acquisition to challenge SpaceX’s Starlink dominance

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BRL Editor

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April 2, 2026

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Amazon is reportedly exploring a major move in the satellite internet space, as the tech giant enters discussions to acquire satellite telecom company Globalstar. According to a Financial Times report citing sources familiar with the matter, the potential deal aligns with Amazon’s strategy to strengthen its low-earth-orbit (LEO) satellite ambitions and directly compete with SpaceX’s Starlink network.

Following the report, Globalstar’s stock surged sharply, rising 24% in extended trading to $85. Notably, the company has already seen its market value more than double over the past year, with a market capitalization of $8.81 billion at the previous close. This strong investor response highlights growing confidence in the satellite broadband sector and the strategic importance of LEO infrastructure.

Headquartered in Covington, Louisiana, Globalstar operates a network of low-earth-orbit communication satellites, delivering voice, data, and asset-tracking solutions across enterprise, government, and consumer segments. As demand for global connectivity continues to rise, the company has positioned itself as a key player in next-generation satellite communications.

However, negotiations between Amazon and Globalstar are still ongoing, with both parties reportedly working through complex deal structures after extended discussions. One of the primary challenges involves Apple, which holds a 20% stake in Globalstar. As a result, Amazon must also engage with Apple to navigate ownership and strategic alignment issues tied to the potential acquisition.

The development comes at a crucial time, as Amazon accelerates deployment of its satellite network under its LEO initiative, formerly known as Project Kuiper. The company plans to launch approximately 3,200 satellites, positioning its network as a direct competitor to Starlink, which remains the dominant force in the space-based internet market.

Currently, Starlink operates more than 9,500 satellites and serves over nine million users worldwide. Importantly, the service contributes between 50% and 80% of SpaceX’s total revenue, underscoring its commercial success. Starlink’s offerings span individual users, enterprises, and government agencies, including U.S. national security operations through its specialized Starshield program.

In comparison, Amazon’s LEO network has deployed around 180 satellites so far and is targeting a similar customer base. Therefore, acquiring Globalstar could significantly accelerate Amazon’s infrastructure buildout, enhance spectrum access, and strengthen its competitive positioning in the rapidly expanding satellite internet market.

Meanwhile, SpaceX has confidentially filed for a U.S. initial public offering, according to sources familiar with the matter, potentially paving the way for one of the largest listings in history. Analysts suggest that a significant portion of SpaceX’s estimated $1.75 trillion valuation would be driven by its Starlink business, further emphasizing the growing importance of satellite connectivity in the global digital economy.

Amazon’s potential acquisition of Globalstar signals an intensifying race in the satellite broadband industry. As competition between Amazon and SpaceX escalates, strategic investments, partnerships, and acquisitions are likely to reshape the future of global internet infrastructure, unlocking new growth opportunities while expanding connectivity worldwide.

NowPurchase raises Rs 80-Crore in funding to scale AI metal platform

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April 1, 2026

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NowPurchase, a marketplace focused on metal manufacturers, has raised Rs 80 crore in a fresh funding round led by Bajaj Finserv, with participation from existing investors Info Edge Ventures and Orios Venture Partners.

Additionally, the round saw participation from individual investors and family offices, including Shikhar Raj, Real Ispat Group, Madhur Gupta of Lloyds Group, VC Grid, and Professor Kartik Hosanagar. As a result, the company has secured fresh capital to accelerate its growth and innovation strategy.

Founded in 2017 by Naman Shah and Aakash Shah, NowPurchase aims to modernise how metal manufacturers procure raw materials and manage production. The platform enables the sourcing of scrap, alloys, and additives while also operating scrap processing centres and branded product lines.

Moreover, the company’s proprietary software platform, MetalCloud, integrates IoT sensors and computer vision to help factories digitise operations and optimise production efficiency. This combination of procurement and technology addresses long-standing challenges in the metal industry, such as fragmented supply chains, inconsistent pricing, and limited visibility.

Commenting on the development, Naman Shah stated, “This investment will accelerate our investment in R&D capabilities and scrap recycling infrastructure to drive innovation and create meaningful value for our customers… NowPurchase is well-positioned to double down on its core operations and continue scaling with strong unit economics.”

At the same time, Aakash Shah highlighted that the funding will drive the expansion of MetalCloud, the company’s AI-powered platform. He emphasised that the company sees artificial intelligence as a key enabler in transforming shop-floor operations by identifying patterns, reducing waste, and improving production consistency rather than replacing human decision-making.

Furthermore, investors echoed confidence in the company’s growth trajectory. Lakshmi Iyer of Bajaj Alternates noted that the investment comes at a crucial stage, citing NowPurchase’s nationwide presence, global ambitions, and AI capabilities as major growth drivers. Similarly, Girish Jhunjhunwala underlined the importance of technology-led efficiency and resilient supply chains in supporting long-term growth.

With this latest round, NowPurchase has raised approximately Rs 120 crore in total equity funding to date. Previously, in 2024, the company secured $6 million in a mix of equity and debt financing led by Info Edge Ventures.

Meanwhile, this funding aligns with a broader trend of increasing investor interest in technology-driven B2B procurement platforms within manufacturing and metals. Companies such as Zetwerk, OfBusiness, and Metalbook have gained traction by digitising sourcing, financing, and production processes.

Notably, Zetwerk recently initiated its IPO journey with a confidential filing with SEBI, while OfBusiness and Metalbook continue to build full-stack platforms integrating procurement, credit, logistics, and data-driven manufacturing services.

NowPurchase’s latest funding round underscores the growing momentum behind digital transformation in India’s industrial ecosystem. As supply chains evolve and demand for efficiency rises, platforms that combine procurement with advanced technologies like AI and IoT are well-positioned to reshape the future of manufacturing.

Travomint operator SNVA Traveltech plans IPO via confidential route, targets market flexibility

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BRL Editor

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April 1, 2026

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SNVA Traveltech Ltd., which operates the online travel platform Travomint, has filed preliminary papers with the Securities and Exchange Board of India (SEBI) through the confidential route for an Initial Public Offering (IPO).

In a public notice issued on Wednesday, the Noida-based company confirmed that it submitted its pre-filed draft red herring prospectus to SEBI and stock exchanges on March 30 in connection with the proposed offering. By choosing the confidential pre-filing route, the company can seek regulatory feedback on its draft documents without making them publicly available at this stage.

Moreover, this approach has gained traction among companies in recent years, as it provides greater flexibility during IPO planning. It also allows firms to better align their listing strategies with prevailing market conditions before proceeding with a public filing.

Founded in 2017, Travomint delivers technology-driven travel solutions to a global customer base. The platform offers an integrated booking experience that includes flights, hotels, car rentals, airport transfers, and travel insurance. Additionally, it operates through both its website and mobile applications on Android and iOS, ensuring seamless accessibility for users.

Furthermore, the company has established a presence in more than 50 countries, supported by multi-currency payment systems and multilingual interfaces. This global footprint enables Travomint to cater to a diverse range of customers across markets.

SNVA Traveltech’s move to file for an IPO through the confidential route reflects a strategic approach to capital market entry. As competition intensifies in the online travel space, the company’s global reach and tech-driven offerings could position it well for future growth, provided it successfully navigates regulatory approvals and market dynamics.

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