Precision oncology startup 4baseCare secures Rs 128-Cr to expand AI-powered precision oncology platform

June 11, 2026

Precision oncology startup 4baseCare has successfully closed a funding round of Rs 128 crore after securing an additional Rs 38 crore in a top-up investment led by growX Ventures and Infosys. Existing investors also participated in the round, further strengthening confidence in the company’s vision of making precision cancer care more accessible across emerging markets.

The Bengaluru-based healthtech startup had previously raised Rs 90 crore from investors Ashish Kacholia, Lashit Sanghvi, and existing backer Yali Capital. With the latest infusion of capital, 4baseCare plans to accelerate the global expansion of its genomics laboratory network while scaling its artificial intelligence-driven oncology platform, OncoTwin.

Speaking about the company’s vision, Hitesh Goswami, Co-founder and Chief Executive Officer of 4baseCare, said, “We want precision oncology globally to be more inclusive. Most genomic datasets, drug discovery, and clinical trials are still heavily concentrated in the US and Europe. We are building solutions for underrepresented populations across India, the Middle East, Southeast Asia, and Latin America.”

Founded in 2019 by Hitesh Goswami and Kshitij Rishi, 4baseCare specializes in genomics-based cancer diagnostics and AI-powered clinical decision support solutions. The company focuses on addressing the lack of population-specific genomic data, enabling healthcare providers to deliver more personalized and effective cancer treatments.

Currently, the startup operates laboratories in India, Dubai, Nepal, and the Philippines. Over the next 12 to 18 months, the company plans to expand its presence into eight to ten additional countries, strengthening its international footprint in the precision medicine sector.

Alongside its global expansion strategy, 4baseCare is also decentralizing genomic testing infrastructure across India. Instead of relying solely on centralized testing facilities, the company has partnered with leading healthcare institutions, including Max Healthcare, AIIMS Jammu, and Shankara Hospital, to establish genomics laboratories within hospitals.

Explaining the strategy, Goswami said, “Rather than having all samples shipped to Bengaluru, we are taking the technology closer to patients and doctors. That improves turnaround time, improves research collaboration, and makes advanced cancer diagnostics more accessible.”

The company currently operates four active genomics laboratories in India and conducts approximately 1,500 genomic tests every month. According to Co-founder Kshitij Rishi, the planned expansion could increase testing volumes to between 8,000 and 10,000 tests per month.

India records nearly 15 lakh new cancer cases annually, with approximately 70% of patients receiving diagnoses at advanced stages. At these stages, targeted therapies and immunotherapies often become critical treatment options. Genomic testing plays a key role in identifying molecular changes within tumors and matching patients with more personalized treatment pathways.

Highlighting the transformation in cancer care, Rishi said, “Earlier, cancer treatment was mostly chemotherapy. Now it is becoming far more targeted through genomics, biomarkers, and immunotherapy.”

The company has also witnessed growing adoption of genomic testing beyond metropolitan hospitals. According to 4baseCare, patients from tier 2 and tier 3 cities increasingly seek advanced cancer diagnostics due to improved affordability and wider awareness.

“Earlier, most patients were from tier 1 hospitals. Now we are getting samples from Jammu & Kashmir, Rajasthan, and many tier 2 and 3 cities,” Goswami explained.

To make genomic testing more accessible, 4baseCare has worked on reducing costs significantly. Some of its earlier offerings were priced at nearly one-fourth the cost of competing solutions. Looking ahead, the company aims to integrate genomic testing into public healthcare initiatives such as Ayushman Bharat, making advanced cancer diagnostics available to a broader population.

A key component of the company’s growth strategy is its AI-powered OncoTwin platform. The technology utilizes multimodal datasets, including genomic, pathology, radiology, and clinical information, to create digital twins of cancer patients. By analyzing similar patient profiles and treatment outcomes, the platform helps physicians make more informed clinical decisions.

Clarifying the platform’s role, Rishi said, “We are not recommending treatment directly. We are giving doctors real-world evidence of what worked for similar patients across datasets.”

The participation of Infosys in the funding round reflects growing interest in AI-driven healthcare innovation. According to Goswami, the investment aligns with broader healthcare technology opportunities.

“It is mostly strategic in nature,” Goswami said. “Infosys realised that we are not just a diagnostics company. We are building AI solutions on top of healthcare datasets, and that aligns with larger healthcare and AI initiatives they are exploring with enterprise customers.”

Infosys has steadily expanded its healthcare technology portfolio through investments and acquisitions in healthcare data, digital health, and artificial intelligence-focused companies worldwide.

Financially, 4baseCare continues to demonstrate strong growth momentum. The company claims to have remained revenue-positive for the past five years and currently generates approximately Rs 40 crore in annual revenue. Management expects revenue to surpass Rs 100 crore within the next 12 to 18 months, driven by international expansion, increased testing volumes, and growing adoption of its AI-powered oncology solutions.

By expanding its global laboratory network, decentralizing genomic testing, and scaling its OncoTwin platform, the company aims to make personalized cancer treatment more accessible across underserved markets. With support from investors including Infosys and growX Ventures, 4baseCare is well-positioned to play a significant role in the future of AI-driven healthcare and precision medicine.

Monday Hotels Celebrates Three Years of Operations with Strategic Expansion in Hyderabad

BRL Editor

June 11, 2026

Hyderabad, India: Monday Hotels, one of India’s emerging technology-enabled hospitality management companies, has announced the signing of three new Lemonridge by Monday Hotels properties in Hyderabad, marking a significant milestone as the company completes three successful years of operations.

The newly signed hotels, located in Kukatpally, IDPL Balanagar, and KBHB Colony, will collectively add 129 rooms, along with banquet and food & beverage facilities, further strengthening Monday Hotels’ presence in one of South India’s most dynamic hospitality markets.

Over the past three years, Monday Hotels has established itself as a trusted hospitality management partner, delivering strong operational performance, enhanced guest experiences, and sustainable value creation for hotel owners. Powered by a robust technology ecosystem comprising advanced revenue management systems, centralized distribution channels, digital guest engagement platforms, business intelligence tools, and operational automation, the company has successfully built a scalable and future-ready hospitality platform.

With these additions, Monday Hotels expands its portfolio to 11 hotels with over 500+ keys across Maharashtra, Telangana, and Andhra Pradesh, reinforcing its vision of becoming one of India’s most respected and owner-focused hospitality management brands.

Lemonridge by Monday Hotels, Kukatpally, enjoys a prime location opposite JNTU College, within walking distance of the metro station and close to LuLu Mall, offering excellent accessibility for both business and leisure travelers.

Lemonridge by Monday Hotels, IDPL Balanagar, is strategically positioned near one of Hyderabad’s key industrial and commercial hubs, providing convenient access to the city center as well as the Financial District. The hotel has been designed to cater to the evolving requirements of corporate travelers while offering a comfortable and value-driven stay experience.

Lemonridge by Monday Hotels, KBHB Colony, further strengthens the brand’s footprint in one of Hyderabad’s established residential and commercial catchments. Located within walking distance of Nexus Mall and offering seamless connectivity to Kukatpally and surrounding business districts, the property is ideally positioned to cater to both short-stay and extended-stay guests.

Commenting on the milestone, Mr. Mitesh Kadam, Co-Founder of Monday Hotels, said, “Completing three years of operations is a proud milestone for all of us at Monday Hotels. Growing our portfolio to 11 hotels with over 500 keys reflects the confidence and trust placed in us by our hotel owners, partners, and guests. Our expansion in Hyderabad is aligned with our long-term vision of building a scalable, technology-enabled hospitality platform that delivers exceptional guest experiences while maximizing value for asset owners. As we continue our growth journey, we remain committed to expanding across key markets and establishing Monday Hotels as one of India’s leading hospitality management companies.”

Sharing his views on the partnership, Mr. V. V. Narayana, Owner of Lemonridge Hotels, said, “Our association with Monday Hotels is a strategic move aimed at unlocking the full potential of our hospitality assets. Their technology-driven operating model, strong commercial capabilities, and proven expertise in hotel management make them an ideal partner for sustainable growth. We are confident that this collaboration will create significant value, and we look forward to developing more successful hospitality projects together with the Monday Hotels Group in the years ahead.”

As Monday Hotels enters its fourth year of operations, the company remains focused on accelerating growth through strategic partnerships, technology-led hotel management solutions, and operational excellence. Supported by a robust pipeline of opportunities and an asset-light expansion strategy, the brand is well-positioned to capitalize on India’s growing demand for professionally managed hospitality assets while delivering long-term value to owners, investors, and guests.

About Monday Hotels

Monday Hotels is a technology-enabled hospitality management company with a growing presence across Maharashtra, Telangana, and Andhra Pradesh. The company specializes in managing and operating business and leisure hotels through long-term management contracts, enabling hotel owners to benefit from professional hospitality expertise while remaining free from day-to-day operational responsibilities. Leveraging a powerful technology stack, centralized commercial functions, revenue optimization systems, and guest-centric operating standards, Monday Hotels delivers enhanced profitability, operational efficiency, and consistent guest experiences. The company currently operates 11 hotels with over 500+ keys and continues to expand across high-growth markets through strategic partnerships, operational excellence, and an owner-first philosophy.

Microsoft’s Xbox plans major layoffs amid strategic restructuring

BRL Editor

June 11, 2026

Microsoft’s Xbox plans major layoffs amid strategic restructuring — Asha Sharma, CEO, Microsoft Gaming

Microsoft’s Xbox division is preparing for a major round of layoffs next month as the company moves forward with a significant restructuring of its gaming business. The planned workforce reduction will also include substantial cuts to marketing and other operational budgets as Xbox seeks to improve financial performance and reposition its long-term strategy.

The upcoming layoffs will represent the first major organizational overhaul under Asha Sharma, who assumed leadership of the gaming division as Chief Executive Officer in February.

The restructuring comes at a challenging time for Xbox. In recent years, Microsoft’s efforts to drive growth through subscription-based gaming services and cloud gaming platforms have struggled to fully compensate for declining console sales and a shortage of major blockbuster game releases.

According to reports, Sharma informed employees that Xbox’s accountability margin has fallen to approximately 3%. She also highlighted that the company invested more than $20 billion in content development, platform expansion, and hardware subsidies over the past five years. Despite these investments, annual revenue reportedly declined by nearly half a billion dollars during the same period.

Sharma emphasized the need for substantial operational changes to strengthen Xbox’s future competitiveness.

According to the report, she stated that the company must rebuild portions of its platform infrastructure while reassessing its product portfolio and long-term business strategy in the coming weeks and months.

While Microsoft has not disclosed the exact number of affected employees, reports indicate that the layoffs could occur shortly after the close of the company’s fiscal year on June 30.

The planned workforce reduction follows several strategic decisions introduced under Sharma’s leadership. In April, Microsoft increased pricing for its Game Pass subscription service and ended day-one releases of future Call of Duty titles on the platform. Industry observers viewed those moves as some of the first significant policy changes implemented by the new gaming chief.

Xbox remains one of the most recognizable brands in the global gaming industry. However, the company continues to face intense competition from rivals in the console, cloud gaming, and subscription gaming segments. Furthermore, shifting consumer preferences and rising development costs have increased pressure on gaming companies to improve profitability while continuing to invest in content and technology.

The latest restructuring signals Microsoft’s intention to streamline operations and optimize spending as it navigates a rapidly evolving gaming landscape. By reducing costs and reassessing strategic priorities, the company aims to strengthen Xbox’s long-term position in an increasingly competitive global market.

Microsoft’s planned layoffs within the Xbox division highlight the challenges facing the gaming industry as companies balance rising costs, evolving consumer behavior and slowing hardware sales. Under the leadership of Asha Sharma, Xbox is undertaking significant structural changes aimed at improving efficiency, rebuilding key platform capabilities, and redefining its future growth strategy. The upcoming restructuring could mark a pivotal moment for Microsoft’s gaming business as it seeks to restore momentum and drive sustainable long-term growth.

Surgical AI startup Uncovr raises €6 Mn in funding to transform surgical documentation with AI

BRL Editor

June 10, 2026

Surgical AI startup Uncovr raises €6 Mn in funding to transform surgical documentation with AI — Ines Iraki (CEO), Johann Diep (CTO), and Prof. Eric Vibert (Medical Co-Founder), Uncovr

Paris-based surgical AI startup Uncovr has raised €6 million (approximately $7 million) in a seed funding round led by Index Ventures. The investment round also attracted participation from Seedcamp, Frst, No Label Ventures, Entrepreneurs First, and several prominent technology and healthcare leaders.

Notable investors include Jean Nehme, founder of Digital Surgery, which Medtronic acquired, Othman Laraki, CEO of Color Health, and Charlie Songhurst, a Meta board member. The funding will support Uncovr’s mission to transform how healthcare providers analyse, document, code, and learn from surgical procedures.

“At Uncovr, we are taking what actually happens in the operating room and turning it into something that can be reliably captured and used,” said Ines Iraki, co-founder and CEO.

“Surgeons should not have to spend their time reconstructing from memory what a camera has already captured and becoming medical coders. The bigger opportunity is what comes after. Every robotic and minimally invasive procedure already generates a rich record of expert decision-making, technique, and judgment.

“We believe this will become one of the foundational datasets of modern medicine—the basis for how surgical knowledge gets transmitted and applied at scale. Surgery has always been learned by watching. We’re making that possible at scale.”

The funding round reflects a broader trend across Europe, where investors continue to back healthcare AI startups focused on addressing operational inefficiencies, clinical documentation challenges, medical imaging, diagnostics, and hospital workflow automation.

Founded in 2025 by Ines Iraki (CEO), Johann Diep (CTO), and Prof. Eric Vibert (Medical Co-Founder), Uncovr emerged from the founders’ combined expertise in surgery, artificial intelligence, and autonomous systems. The company seeks to bridge the gap between the vast amount of data generated during surgical procedures and the limited information traditionally captured in medical records.

While working in healthcare environments, Iraki observed significant discrepancies between the data generated inside operating rooms and the information hospitals could effectively utilize. Meanwhile, Prof. Vibert, Chief of Surgery at AP-HP, experienced firsthand the clinical consequences of incomplete surgical documentation. Diep previously developed advanced AI systems for autonomous applications in both the defence sector and the European Space Agency.

Today, the company’s multidisciplinary team includes engineers, surgeons, and medical coding experts from globally recognized institutions such as ETH Zurich, École Polytechnique, AP-HP, Mayo Clinic, HEC Paris, and Texas Health Resources/Texas Christian University.

Uncovr has expanded its operations across Paris and New York and is accelerating deployments with leading healthcare systems throughout Europe and the United States. According to the company, its technology pipeline currently spans more than 400 operating rooms and has analysed thousands of hours of surgical procedures.

The platform automatically generates operative reports and procedural coding directly from surgical videos and intraoperative workflow data. By doing so, it helps hospitals improve documentation quality, coding accuracy, reimbursement efficiency, and surgical workflow visibility.

Highlighting the challenges faced by healthcare providers, Dr. Prakash Gatta, Medical Director of Complex Foregut Surgery at Texas Health Resources and Vice President of Clinical and Medical Affairs at Uncovr, said, “When we looked at our own cases, we saw clear gaps between what actually happened in the operating room and what was captured in the record and by the codes.”

“That has real implications, not just for reimbursement but also for compliance, coding, clinical security, and continuity. This isn’t a marginal issue; it’s a structural gap in how surgery is documented today.”

According to industry estimates, healthcare providers perform more than 400 million surgeries globally every year. A growing percentage of these procedures now generate video records through robotic-assisted and minimally invasive surgical technologies. However, surgeons still manually reconstruct official procedure reports after surgery, often relying on memory while managing demanding clinical workloads.

As a result, hospitals frequently miss critical procedural details that affect patient care, compliance, reimbursement, and future treatment decisions. Uncovr aims to solve this problem by analyzing surgical and endoscopic videos in real time and creating accurate, structured, and searchable procedural records.

Alongside the funding announcement, the company released findings from its initial real-world deployments. The analysis revealed missed billable procedural steps in 16% of cases and an average reimbursement gap of approximately 10%, driven primarily by documentation deficiencies that traditional review processes failed to identify.

Furthermore, a multi-institutional study involving more than 1,000 surgical cases across 500 healthcare systems found that most operative reports omitted at least 70% of recommended clinical information. Researchers linked these documentation gaps to increased risks of infection, hospital readmission, and repeat surgical procedures.

Commenting on the investment, Martin Mignot, Partner at Index Ventures, said, “Ines, Eric, and Johann have done something rare: earned adoption inside one of healthcare’s hardest environments and moved incredibly fast once inside. By structuring what happens in the OR, Uncovr is building a highly valuable dataset for surgical AI.”

By transforming surgical video into actionable intelligence, Uncovr aims to improve clinical accuracy, strengthen compliance, enhance reimbursement integrity, and support continuity of care. Simultaneously, the company is building what it believes could become one of the most valuable datasets in modern medicine, creating a foundation for the future of precision surgery and AI-driven healthcare.

Leisure Hotels Group launches Samsara Resort in Mussoorie, expands Uttarakhand presence

BRL Editor

June 10, 2026

Leisure Hotels Group (LHG), one of North India’s leading experiential hospitality brands, has announced the launch of Samsara Resort, a luxury boutique mountain retreat in Mussoorie. The opening marks the Group’s 15th property in Uttarakhand and further reinforces its strong presence in the state’s growing hospitality and tourism sector.

Nestled in the heart of Mussoorie, popularly known as the Queen of Hills, the new resort aims to offer travellers an immersive mountain getaway surrounded by breathtaking Himalayan views, rich local culture, and the timeless charm that has made the hill station one of India’s most sought-after leisure destinations.

Spread across two acres of pristine hillside terrain, Samsara Resort seamlessly combines nature-inspired hospitality with modern comforts. The boutique retreat features 21 thoughtfully curated accommodations, including luxury suites, experiential mushroom tents, and premium glamping domes. Each accommodation offers panoramic views of the Himalayan landscape, allowing guests to experience the serenity and beauty of the mountains.

To further elevate the guest experience, select glamping domes feature private Jacuzzis. Additionally, the property includes landscaped lawns, family-friendly recreational zones, and expansive outdoor spaces designed to create an immersive and relaxing mountain retreat.

Speaking on the launch, Vibhas Prasad, Director, Leisure Hotels Group, said, “Samsara Hill Resort reflects our continued commitment to expanding experiential hospitality offerings across Uttarakhand’s most iconic destinations. Mussoorie remains one of India’s most beloved hill stations, and with Samsara, we aim to offer travellers a distinctive mountain retreat that combines immersive experiences, authentic regional character, and warm hospitality in an exceptional natural setting.”

Highlighting the resort’s philosophy, Vibhas Prasad further stated that Samsara Hill Resort combines mountain tranquillity, immersive experiences, and intuitive hospitality to provide travellers with a more meaningful way to discover and enjoy Mussoorie.

The culinary offerings at Samsara Resort celebrate the rich traditions of the Garhwal region. Guests can enjoy an all-day dining experience that blends authentic regional cuisine with global favourites, all prepared using fresh, locally sourced ingredients. The culinary programme seeks to showcase Uttarakhand’s unique flavors while complementing the destination’s natural beauty.

Beyond luxury accommodation and dining, the resort offers a carefully curated range of experiential activities. Guests can participate in nature walks, guided heritage tours along Mussoorie’s iconic Mall Road, explore the colonial charm of Landour, enjoy outdoor picnics, embark on night trails, and experience destination-focused excursions that highlight the region’s cultural and natural heritage.

While the resort primarily caters to families and couples, its peaceful environment and versatile facilities also make it an ideal destination for travellers seeking a refreshing escape from urban life.

Speaking about the collaboration, Manav Gupta, Promoter, Samsara Resort, said, “Samsara was envisioned as a sanctuary where guests can reconnect with nature while enjoying thoughtful luxury amidst the mountains. We are delighted to partner with Leisure Hotels Group and look forward to creating a distinctive hospitality experience that showcases Mussoorie’s natural beauty, heritage, and enduring appeal for travellers seeking an authentic Himalayan escape.”

The launch comes at a time when infrastructure improvements expects to boost tourism in Uttarakhand. The upcoming Delhi–Dehradun Expressway is set to significantly improve connectivity to the region, making Mussoorie more accessible for weekend getaways, short breaks, and mountain vacations.

As demand for experiential travel, luxury nature retreats, and wellness-focused tourism continues to grow, Samsara Resort aims to attract travellers seeking authentic Himalayan experiences combined with premium hospitality and personalised service.

The launch of Samsara Resort represents another significant milestone in Leisure Hotels Group’s expansion journey and highlights its commitment to strengthening experiential hospitality offerings across Uttarakhand. With its luxury accommodations, immersive local experiences, Garhwali-inspired cuisine, and stunning Himalayan setting, the resort aims to redefine mountain hospitality in Mussoorie.

Ramakrishna K.V. Joins Lincoln International as a Senior Advisor to Valuations & Opinions Group

BRL Editor

June 10, 2026

Lincoln International, a global investment banking advisory firm, is pleased to announce that Ramakrishna K.V. has joined the firm as a Senior Advisor to its Valuations & Opinions Group. Ramakrishna joins Lincoln International’s global network of academic and industry Senior Advisors who provide independent perspectives on valuations, market color and evolving best practices.

“As Lincoln continues to invest in growing our geographic and service coverage, we are excited to welcome Ramakrishna as a Senior Advisor to our valuations team in India,” said Brian Garfield, Managing Director & Global Head of Portfolio Valuations. “Our clients and practice will be well-served by his years of experience in India’s venture capital and private equity industries.”

Over the last two decades, Ramakrishna has served on the boards of several companies, where he has adopted a collaborative strategy to establish best governance standards and help scale businesses while managing growth. His advisory focus is supporting talented entrepreneurs seeking exceptional growth opportunities and long-term value creation across high-growth sectors, including life sciences, technology, agriculture, manufacturing, consumer, and infrastructure services.

“I am excited to welcome Ramakrishna as a Senior Advisor to our growing team of valuations professionals,” said Varun Gupta, Managing Director. “Throughout his distinguished career, he has earned a deep respect across our industry and gained a prominent position as a trusted voice in valuations.”

Prior to his appointment as Valuations Senior Advisor, Ramakrishna served as the Chief Executive Officer of Kotak Private Equity, the private equity arm of Kotak Mahindra Group, where he was responsible for managing various growth funds with over $700 million of assets under management. Earlier in his career, he held roles at Carlyle Asia and ICICI Venture.

“I look forward to working alongside Lincoln’s esteemed Valuations & Opinions Group,” said Ramakrishna. “India’s capital leaders increasingly rely on research-backed analysis and third-party valuation processes, and I look forward to collaborating with the firm’s valuations professionals to meet this demand.”

Niraamaya Life strengthens luxury hospitality portfolio with Karnataka debut

BRL Editor

June 10, 2026

Niraamaya Life strengthens luxury hospitality portfolio with Karnataka debut — Allen Machado, CEO, Niraamaya Life

Niraamaya Life, in collaboration with Himalia Prime Assets Private Limited, has announced the addition of a new luxury wellness retreat to its growing portfolio of experiential hospitality destinations across India. The latest property marks the award-winning hospitality brand’s debut in Karnataka and reinforces its expansion strategy in the country’s rapidly growing luxury leisure and wellness tourism market.

Located approximately 35 kilometres from Bengaluru, the upcoming retreat is spread across the Greater Hesaraghatta Grassland Conservation Reserve. The property reflects Niraamaya Life’s commitment to mindful luxury, authentic healing traditions, and immersive experiences that foster deeper connections with nature.

Drawing on its expertise in luxury hospitality and wellness, Niraamaya aims to create a sanctuary for modern travelers seeking relaxation, restoration, and holistic well-being. The retreat combines indigenous therapeutic practices, curated longevity programmes and personalised hospitality experiences inspired by Karnataka’s rich cultural heritage.

Commenting on the expansion, Allen Machado, CEO, Niraamaya Life, said, “This marks one of the most significant phases of expansion in the brand’s journey, strengthening the company’s presence in India’s high-growth luxury leisure segment. Niraamaya’s signature blend of architectural mastery, cultural essence, and personalised service makes Bengaluru a natural home for our next exclusive property.”

The partnership also reflects a shared vision between Niraamaya Life and Himalia Prime Assets to develop premium hospitality offerings that create long-term value while preserving the region’s natural and cultural identity.

Highlighting the significance of the collaboration, D Vamshi Sai, CEO, Himalia Prime Assets, said, “Partnering with Niraamaya Life enables us to create a world-class restorative destination within a landscape that is both untouched and deeply rooted in Karnataka’s rich heritage. This collaboration embodies our vision of developing hospitality offerings that deliver enduring value for guests, local communities, and stakeholders alike.”

Inspired by Karnataka’s rural landscapes and traditional way of life, the resort’s accommodations focus on sustainability, local craftsmanship, and holistic well-being. The property will feature a collection of villas and cottage suites designed to provide guests with a seamless connection to the surrounding natural environment.

Several accommodations will include private plunge pools and open-air bathing spaces, enhancing the immersive wellness experience. Furthermore, the interiors will showcase regional craftsmanship and natural materials, reflecting the cultural and environmental heritage of the region.

The retreat will also offer a comprehensive portfolio of wellness programmes led by experienced Ayurvedic physicians, yoga practitioners, and holistic health specialists. Guests will have access to Ayurveda and Panchakarma therapies, stress management and burnout recovery programmes, yoga and meditation sessions, preventive healthcare initiatives, weight management programmes, and digital detox retreats.

In addition to wellness-focused offerings, the property will curate a variety of experiential activities designed to enrich guest experiences. These include farm-to-table culinary experiences, guided movement sessions, nature walks, and activities inspired by local rural traditions and lifestyles.

The expansion comes at a time when demand for wellness tourism, experiential travel, and luxury nature retreats continues to rise across India. Travellers increasingly seek destinations that combine premium hospitality with holistic wellbeing, sustainability, and authentic cultural engagement, creating significant opportunities for brands such as Niraamaya Life.

Niraamaya Life’s entry into Karnataka represents a major milestone in its expansion journey and further strengthens its presence in India’s luxury wellness hospitality sector. Through its partnership with Himalia Prime Assets, the brand aims to create a world-class destination that blends wellness, sustainability, cultural authenticity, and luxury.

Bolt launches operations in Milan, targets growth in Italy’s ride-hailing market

BRL Editor

June 10, 2026

European ride-hailing platform Bolt has officially launched operations in Milan, marking the first step in its strategy to expand across Italy and reshape the country’s urban transportation sector.

The Estonia-based mobility company has partnered with hundreds of drivers in Milan, including licensed taxi operators and private hire vehicle drivers. Through this expansion, Bolt aims to serve millions of rides during its first year of operations in the city, according to founder and Chief Executive Officer Markus Villig.

Speaking about the company’s plans, Villig highlighted the significant growth opportunities available in the Italian market.

“The market in Italy is at an early stage. We have a long-term view,” Villig said in an interview. He added that Bolt intends to expand beyond Milan and enter other regions of Italy, leveraging the country’s strong tourism industry and growing demand for urban mobility solutions.

“We can bring better product and better service to customers, and we are here today to help drivers get more income,” he said.

With its entry into Italy, Bolt now operates in 26 of the 27 member states of the European Union, further strengthening its position as one of Europe’s leading mobility platforms.

Despite the presence of ride-hailing services, Italy’s transportation market remains highly regulated. The sector continues to operate under legislation introduced in 1992, which strictly separates licensed taxis from chauffeur-driven hire vehicles. Additionally, local authorities maintain tight control over the issuance of taxi licences, limiting the supply of drivers in many cities.

According to Villig, these restrictions have contributed to a significant gap between supply and demand.

“There are not enough drivers for the demand in Italy,” Villig said. “The market would grow in Italy if the regulator clears the path for new suppliers. It would develop differently.”

Although Bolt sees substantial long-term potential in Italy, the company does not expect to generate profits from its Italian operations within the next five years. Instead, it plans to focus on market expansion, customer acquisition, and regulatory engagement while building a sustainable presence in the country.

At the same time, some traditional taxi drivers have expressed concerns about increased competition from ride-hailing platforms.

“We work with a meter and fares set by the municipality because this is a public service,” one driver said. “Instead, apps set their own prices, take commissions, and pay drivers weeks later. That’s not fair competition.”

The debate reflects broader tensions within Italy’s transportation sector as digital mobility platforms seek greater market access while traditional operators advocate for regulatory protections.

Bolt’s arrival in Milan comes amid increasing demand for app-based transportation services across Europe. Consumers are increasingly seeking convenient, technology-driven mobility solutions, while drivers look for additional earning opportunities through digital platforms. As a result, competition among ride-hailing companies continues to intensify across key European markets.

Bolt’s launch in Milan represents a significant milestone in its European expansion strategy and highlights its ambition to become a major player in Italy’s transportation industry. While regulatory challenges and competition from established operators remain significant hurdles, the company believes the Italian market offers substantial long-term growth potential. By focusing on customer experience, driver earnings, and strategic expansion, Bolt aims to capitalize on evolving mobility trends and strengthen its presence in one of Europe’s largest travel and tourism markets.

Addverb Technologies seeks $100 Mn funding to accelerate robotics expansion

BRL Editor

June 10, 2026

Indian robotics startup Addverb Technologies Ltd. is seeking to raise more than $100 million as it accelerates its ambitions to become one of the world’s leading robotics companies. The fundraising initiative comes as the company expands its international footprint and invests heavily in next-generation technologies, including humanoid robots, artificial intelligence, and advanced automation systems.

Addverb, which develops robots for sorting, material handling and warehouse automation, is actively exploring new funding opportunities following its expansion into key international markets such as the United States, the Netherlands and Australia. According to Chief Executive Officer Sangeet Kumar, the company plans to use the fresh capital to strengthen research and development efforts while laying the groundwork for a future stock market listing.

The company currently serves logistics providers, warehouses, electronics manufacturers, and industrial enterprises through a diverse portfolio of robotic automation solutions. As global demand for automation continues to rise, Addverb aims to establish itself as a significant player in the highly competitive robotics industry.

“We want to be in the top 10 in the next 5 years and top 5 in the next 10 years,” Kumar, 46, said during an interview at one of Addverb’s manufacturing facilities on the outskirts of New Delhi.

The company estimates that it currently ranks just outside the world’s top 30 robotics companies by market share based on revenue.

The proposed fundraising marks Addverb’s first major capital-raising exercise since 2021, when it secured $132 million from Reliance Industries. Following that investment, Reliance acquired a controlling stake in the company, while the founders and employees continue to own approximately 20% of the business.

Addverb intends to deploy the new capital primarily toward developing advanced technologies such as humanoid robots, quadruped robots, proprietary artificial intelligence systems, and data infrastructure required to train sophisticated robotic platforms.

The startup sees substantial growth potential in the emerging humanoid robotics market, where global companies such as Tesla and Unitree Robotics are competing aggressively for leadership. Despite strong competition from China, Japan, and the United States, Kumar believes Indian robotics companies can build sustainable competitive advantages through innovation and technological independence.

To strengthen its position, Addverb is focusing on developing proprietary technologies while reducing dependence on imported components. As part of this strategy, the company plans to launch its own lidar sensors after more than two years of development, a move expected to enhance product capabilities while lowering reliance on overseas suppliers.

Founded in 2016 by four engineers who previously worked at Asian Paints, Addverb initially focused on warehouse automation solutions. Although the company’s asset-intensive business model struggled to attract traditional venture capital investors during its early years, support from an investor associated with Asian Paints helped fuel its growth.

Over the years, Addverb has significantly diversified its business. Today, the company provides robotics solutions for factory automation, electronics manufacturing, healthcare, defence and research applications. Its customer portfolio includes leading Indian enterprises such as Lenskart, Hindustan Unilever, and Reliance.

The company now generates nearly half of its revenue from international markets and employs approximately 1,100 people across more than two dozen countries. After reporting losses during its aggressive global expansion over the past two years, Addverb expects to return to profitability on an adjusted basis during the fiscal year ending March 2027. Kumar also anticipates the company will achieve net profitability in the following financial year.

Addverb projects revenue of Rs 13 billion (approximately $136 million) during the current fiscal year, supported by an order book valued at nearly $200 million. The strong pipeline reflects growing demand for robotics and automation solutions across industries worldwide.

While the company views an initial public offering as an important future growth avenue, Kumar believes Addverb is not yet ready to enter public markets.

“At this stage, we think we are too small to go for an IPO,” Kumar said. “Probably when we are more than 40 billion rupees or 50 billion rupees in revenue, that is when we would go for an IPO.”

According to Kumar, Addverb could potentially achieve that revenue milestone within the next two years if it maintains its current growth trajectory.

As automation, artificial intelligence and robotics continue to transform industries globally, Addverb is positioning itself as one of India’s most ambitious technology companies. With strong backing from Reliance Industries, expanding international operations and growing investments in cutting-edge robotics technologies, the company aims to compete with established global players while driving innovation from India.

Addverb Technologies’ plans to raise over $100 million highlight its determination to become a global force in robotics and automation. By investing in humanoid robots, AI systems, and proprietary technologies, the Reliance-backed startup is building a foundation for long-term growth and international competitiveness. As demand for intelligent automation continues to accelerate, Addverb’s expansion strategy, strong order pipeline, and future IPO ambitions could help position it among the world’s leading robotics companies in the coming years.

Dusit International signs agreement for Dusit Princess Rishikesh in Uttarakhand

BRL Editor

June 9, 2026

Dusit International has signed a hotel management agreement with Atmosphere to launch its upper-midscale Dusit Princess brand in the Tehri Garhwal region of Uttarakhand, further strengthening its footprint in India’s rapidly growing hospitality sector.

The upcoming project, named Dusit Princess Rishikesh, expects to open in 2031 near Rishikesh. The development will form part of a larger mixed-use destination focused on hospitality, wellness, leisure, and lifestyle experiences, catering to the evolving preferences of domestic and international travelers.

The property will feature 300 keys, comprising hotel rooms and luxury duplex villas. Additionally, the hotel will offer a comprehensive range of amenities, including an all-day dining restaurant, lobby lounge, business centre, outdoor swimming pool, fitness centre, yoga room, and multipurpose event spaces. The project aims to serve both leisure travelers seeking relaxation and business guests looking for modern facilities in a scenic destination.

Furthermore, the development will include a dedicated clubhouse designed to enhance guest experiences through premium wellness and recreational offerings. Planned facilities include a spa, infinity pool, restaurant, squash court, mini-plex, bowling alley, and indoor gaming zones, creating a holistic lifestyle destination.

The signing marks another milestone in Dusit International’s expansion strategy in India following the successful opening of dusitD2 Fagu, Shimla, in December 2024. The company continues to strengthen its development pipeline across the country, with a particular focus on leisure, wellness, and experience-driven travel destinations.

Siradej Donavanik, Vice President – Development (Global), Dusit International, said, “India continues to be a strategic growth market for our company, with strong long-term potential across both gateway cities and emerging leisure destinations. The signing of Dusit Princess Rishikesh reflects our commitment to growing thoughtfully in India through destinations that align with evolving traveler trends and owner aspirations. Rishikesh, with its unique blend of spirituality, wellness, and natural beauty, is an excellent example of the kind of destination where we believe our brands can create meaningful and memorable experiences for our guests. As we continue to expand our brand presence in the country, we will maintain our focus on destinations that are well positioned to benefit from growing demand for leisure, wellness, and experience-led travel, supported by strong market fundamentals and sustainable growth potential.”

Highlighting the significance of the collaboration, Sanchit Jain, Chairman and Managing Director, Atmosphere, said, “We are delighted to collaborate with Dusit International for this landmark hospitality development in Rishikesh. The vision for Atmosphere has always been to create destination-led experiences that combine luxury, wellness, and nature in a meaningful way. With Dusit’s globally recognised hospitality expertise and strong wellness-driven approach, we are confident that Dusit Princess Rishikesh will emerge as a distinguished retreat for travelers seeking immersive and elevated stay experiences in Uttarakhand.”

Rishikesh has emerged as one of India’s most sought-after wellness and spiritual tourism destinations, attracting visitors from around the world. Consequently, hospitality companies are increasingly investing in the region to capitalize on rising demand for premium accommodation, wellness retreats, and experiential travel offerings.

The signing of Dusit Princess Rishikesh underscores Dusit International’s commitment to expanding its presence in India’s high-growth hospitality market. Through its partnership with Atmosphere, the company aims to create a world-class wellness and lifestyle destination that blends luxury, recreation, and nature. As tourism and wellness travel continue to gain momentum in Uttarakhand, the project expects to contribute significantly to the region’s hospitality landscape while offering memorable experiences for both leisure and business travelers.

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