Sunday, August 3, 2025
Home Blog Page 4

ALDO India eyes growth in tier 2 & 3 markets with AI-led retail

0

Premium footwear and accessories brand ALDO, a subsidiary of the Apparel Group, is intensifying its efforts to expand in tier 2 and 3 cities in India. The company is harnessing AI-driven insights and placing greater emphasis on athleisure to better align with shifting consumer trends, according to a company representative.

“While tier 1 cities remain core to our business, the next wave of expansion will largely come from tier 2 and tier 3 cities,” Arpit Kumar, assistant vice president at ALDO India said.

ALDO currently runs 73 stores across India, including ALDO Accessories outlets, and aims to substantially expand its offline footprint in the coming years.

Addressing the brand’s approach to online and offline growth, Kumar noted that offline retail remains ALDO’s strongest channel, aligning with the broader retail strategy of the Apparel Group. However, online platforms—both the brand’s own website and third-party marketplaces—are experiencing faster growth and play a vital role in ALDO’s omnichannel strategy.

“The shift to digital post-Covid has been significant, but our strength lies in delivering consistent brand experience offline, which we are now extending to emerging geographies,” Kumar noted.

While ALDO continues to cater to demand for office and occasion wear, the growing popularity of athleisure highlights a shift in consumer lifestyles and a rising preference for casual, comfortable fashion.

“The contribution from this category has grown steadily and remains a major ocus for our upcoming collections,” said Kumar.

ALDO is actively integrating AI tools to optimize its retail operations and elevate the customer experience. Kumar shared that the brand is investing in initiatives such as store-level heat mapping, gender-specific footfall tracking, and behavioral data analysis to gain deeper insights and improve in-store performance.

“There are ongoing AI projects aimed at better understanding who is walking into our stores and where they spend time,” he said.

“Consumers are increasingly seeking exclusivity, not just in products but also in how they are served. That’s an area we are investing in,” Kumar added.

MakeMyTrip launches Global Tours & Attractions Booking Platform

0

MakeMyTrip, India’s top online travel platform, has ventured into the global experiences segment with the launch of its new Tours and Attractions Booking Platform. This platform offers Indian travellers access to over 200,000 activities across 1,100 cities in 130 countries, covering everything from city tours and cultural experiences to theme parks and adventure sports.

The new offering addresses a common challenge faced by Indian outbound tourists—fragmented information, pricing in foreign currencies, and uncoordinated planning tools. By consolidating all these elements into a single, user-friendly interface, MakeMyTrip aims to simplify and streamline the process of booking global experiences.

Speaking about the development, Rajesh Magow, Co-founder and Group CEO, MakeMyTrip said, “Experiences account for a significant share of spending when Indians travel overseas, yet discovering and booking them remains one of the most fragmented aspects of the journey. Our attempt is to make the discovery and booking experience simple, convenient, and personalised like the flight, hotels, and ground transport bookings. This launch is a natural addition to our stated vision of being a one-stop shop for all travel booking services, with a delightful experience for customers.”

MakeMyTrip’s new Tours and Attractions platform allows travellers to effortlessly discover and pre-book a curated selection of iconic landmarks and immersive in-destination experiences across top global destinations. From world-renowned sites like the Eiffel Tower and Disneyland Paris to adventurous activities like Dubai’s Desert Safari, helicopter rides over Hawaii’s Kauai Island, and interactive sumo shows in Tokyo’s historic Asakusa district, the platform offers it all in one convenient place. Whether travellers are exploring must-see landmarks or diving into local culture, they now have a single gateway to plan it all seamlessly.

Moreover, the platform is powered by partnerships with top global experience providers and is backed by a 24/7 Travel & Assistance Desk, ensuring round-the-clock support across time zones. Additionally, users can browse and book activities in INR, with all reservations seamlessly integrated into the ‘MyTrips’ section—just like their flight and hotel bookings.

This move marks a significant step in MakeMyTrip’s strategic push to deepen its presence across every layer of the travel experience. With the launch of the Tours and Attractions platform, the company further reinforces its mission to become a comprehensive, one-stop travel companion for Indian travellers. By expanding its offerings, MakeMyTrip aims to support users through every stage of their journey—from planning and booking to experiencing destinations firsthand.

Semicon startup Netrasemi raises ₹107-Cr in Series A funding

0

Kerala-based semicon startup Netrasemi has secured ₹107 crore in a Series A funding round led by Zoho Corporation Ltd and Unicorn India Ventures.

According to a press release, Netrasemi will use the funds to accelerate research and development, expand manufacturing capabilities, enhance marketing to grow its domestic and global market presence, and launch four system-on-chip (SoC) variants with advanced AI and video analytics features to meet the computing needs of OEMs.

Jyothis Indirabhai, Sreejith Varma, and Deepa Geetha founded the semiconductor startup in 2020 as an Indian Edge AI company focused on developing SoCs that provide efficient computing for next-generation smart IoT devices. The startup specializes in handling complex tasks like video processing by enabling AI-powered analytics directly on devices—eliminating reliance on cloud or server-based computation.

Netrasemi’s proprietary technology includes an energy-efficient neural processing unit (NPU) and a robust library of in-house silicon IPs. The semicon startup also aims to double its current team of 83 engineers to 166 and broaden its reach into sectors such as surveillance, industrial robotics, smart home devices, smart cities, and retail.

STAAH Tech strengthens online operations for Bhopal’s Amer Group of Hotels

0

STAAH has helped Bhopal’s Amer Group of Hotels streamline its online bookings and room inventory, eliminating discrepancies and reducing the need for manual oversight across digital platforms.

With a legacy spanning over 30 years in the city of lakes, the Amer Group operates Hotel Amer Palace and Amer Greens, offering three- to four-star hospitality. By integrating STAAH’s Channel Manager across its properties, the group has improved the efficiency of its online operations and inventory management.

“STAAH’s range of solutions is designed to serve every kind of hotel, homestay, resort and budget establishment. In just five months, we’ve seen a turnaround in their online bookings and inventory with our systems in place. The enhanced guest booking experience has also led to higher consumer engagement across all their online platforms,” said Shoaib Ali, National Sales Head India, STAAH.

By integrating STAAH’s technology, the Amer Group of Hotels now benefits from seamless and automated management of online bookings and inventory, with real-time updates ensuring consistency across all platforms.

STAAH’s Channel Manager automates the distribution of rates, inventory, and content across OTAs and metasearch platforms, helping prevent overbookings and optimise occupancy. Additionally, integration with the hotel’s Property Management System (PMS) enables direct reservation syncing, significantly reducing manual tasks and errors. This connectivity streamlines front desk operations, housekeeping, billing, and reporting for smoother day-to-day hotel management.

Value retailer SuperK raises ₹100-Cr; Shubman Gill joins as investor

0

SuperK, a value retailer catering to small-town India, has secured ₹100 crore in its Series B funding round. The round was co-led by Binny Bansal’s 3STATE Ventures and CaratLane founder Mithun Sacheti. Indian Test cricket captain Shubman Gill also took part, along with existing backers Blume Ventures and Xeed Ventures.

Founded in Andhra Pradesh, SuperK operates 130 franchise-led stores across over 80 towns, providing affordable groceries and household essentials. The company aims to tap into India’s vast yet underserved grocery retail market, where organized players account for less than 5% of the $600 billion sector—most of which is driven by Tier-II and smaller cities.

The newly raised funds will be used to strengthen hiring across key business areas and to expand SuperK’s presence into new regions and adjacent product categories.

The fundraise reflects renewed investor interest in regional retail ventures that offer strong unit economics and are driven by founder-led execution.

SuperK was founded in 2020 by BITS Pilani alumni Anil Thontepu and Neeraj Menta, both second-time entrepreneurs. Anil previously led product and growth at Kaodim, Hike, and PhonePe, while Neeraj co-founded Hungerbox and developed products at Flipkart and Zeta (Directi).

Space startup iRocket to go public in $400 Mn SPAC deal

0

Space startup Innovative Rocket Technologies, or iRocket, will go public in the United States through a $400 million merger with special purpose acquisition company BPGC Acquisition, the two firms announced.

Following a slowdown after the 2020–2021 boom, investors are reviving SPAC deals this year as ongoing macroeconomic uncertainties—driven by President Donald Trump’s tariff policies—continue to hinder traditional dealmaking.

Meanwhile, Bitcoin Standard Treasury Company—a crypto firm holding more than 30,000 bitcoins—is also planning to go public via a SPAC merger with a Cantor Fitzgerald-backed blank-check company, with the goal of listing on the Nasdaq.

Investors increasingly view SPACs as a compelling alternative to traditional IPOs, which have remained sluggish due to ongoing tariff tensions. However, renewed momentum in trade negotiations has helped revive investor enthusiasm for new public listings.

Founded in 2018, iRocket focuses on developing rocket propulsion systems powered by liquid oxygen and methane. Its patented engine technology enables rapid reloading and relaunching, allowing for quicker mission turnaround.

Investor interest in space startups has surged in recent years, driven by strong backing from venture capital firms. The World Economic Forum estimates the global space economy could reach $1.8 trillion by 2035—a projection echoed by iRocket, which cited a McKinsey report highlighting this massive growth opportunity.

“iRocket’s unique combination of proven engineering talent, reusable launch systems, and solid rocket motor capability positions the Company to capture a significant share of the global launch and propulsion market,” said Wilbur Ross, the 39th U.S. Secretary of Commerce and a sponsor of BPGC.

Cohen & Company Capital Markets served as the financial advisor to the space startup on the transaction, which is expected to close in the fourth quarter of 2025.

Following the merger, the companies plan to list the combined entity on the Nasdaq stock exchange.

Deeptech startup Kluisz.ai raises $9.6 Mn in funding round

0

Deeptech startup Kluisz.ai secured $9.6 million in seed funding to develop a generative AI (GenAI)-powered private cloud platform. The funding round was led by early-stage venture capital firm RTP Global, while Unicorn India Ventures, Blume Founders Fund, Climber Capital, and several angel investors also participated.

The deeptech startup was founded by Abhinav Sinha, former Chief Operating Officer (COO) at OYO; Vamshidhar Reddy, former Partner at McKinsey; and Abhijeet Singh, former Vice President of Cloud at Jio. Furthermore, Kluisz.ai aims to create private cloud infrastructure for enterprises by delivering a secure, scalable stack orchestrated by AI.

“Private cloud today transfers the ownership of managing infrastructure to the customer. It is complex, needs large teams, and brings in heavy operational overheads. We are building a stack that removes the pain from design, setup, and day-zero to day-two operations.” Sinha, the COO, said.

With Gartner projecting that 90% of enterprises will operate workloads on hybrid cloud setups by 2027, Kluisz.ai aims to address key challenges related to automation, security, and compliance, while also enabling automatic workload management. Moreover, the platform will empower teams to define performance, cost, and policy objectives, and subsequently automate the infrastructure orchestration to achieve those goals.

Kluisz.ai will use the newly raised funds to expand its engineering team in Bengaluru, accelerate product development, and support early customer deployments in India and the Middle East. Kluisz.ai noted that it is already in discussions with several potential clients, focusing on sectors such as banking and finance, healthcare, manufacturing, and government organizations.

“Abhinav, Vamshi, and Abhijeet bring world-class experience and vision to this space. This is a team with deep technical experience and the product and market instinct to reimagine the private cloud in the AI era. We’re excited to back them,” said Madhur Makkar, principal at RTP Global.

Furthermore, Unicorn India Ventures stated that Kluisz’s AI-powered cloud management, which enables large teams to maintain security and compliance, is indeed a game-changing solution.

THSC partners with The Lalit Suri Hospitality School to strengthen hospitality skilling in India

0

The Tourism & Hospitality Skill Council (THSC) has entered into a Memorandum of Understanding (MoU) with The Lalit Suri Hospitality School (TLSHS) at The Lalit, New Delhi.

Dr. Jyotsna Suri, Chairperson & Managing Director of The Lalit Suri Hospitality Group, and Rajan Bahadur, CEO of THSC, officially signed the MoU. In addition, Jyoti Mayal, Chairperson of THSC, Keshav Suri, Executive Director of The Lalit Suri Hospitality Group, Anupam Mukherjee, Dean of TLSHS, along with senior representatives from both organizations, attended the ceremony.

Furthermore, this partnership between THSC and The Lalit Suri Hospitality School highlights a mutual commitment to empowering India’s youth through well-structured, industry-focused skilling programs, while also emphasizing inclusivity, employability, and excellence in hospitality education.

Dr. Jyotsna Suri remarked, “This partnership signifies a powerful convergence of academic expertise and industry demand. At The Lalit Suri Hospitality Group, we believe in building not just businesses but communities, and skilling is a key pillar of that philosophy. By working with THSC, we are proud to contribute to nation-building through youth empowerment and skill creation.”

Jyoti Mayal, Chairperson of THSC, stated, “We are thrilled to see prestigious institutions like TLSHS coming forward to champion the skilling mission. Such partnerships are the backbone of a strong, demand-driven skilling ecosystem that responds to real industry needs and unlocks true potential among India’s youth—especially in tourism, one of the most people-centric sectors.”

Rajan Bahadur, CEO, THSC, emphasized, “The hospitality sector is evolving rapidly, and so must our approach to workforce development. With institutions like The Lalit Suri Hospitality School, which boasts impressive infrastructure and a strong academic foundation, we can ensure that students receive not only domain knowledge but also industry-relevant exposure, life skills, and certification that opens national and international career pathways. This MoU is just the beginning of a broader vision we share.”

Keshav Suri, Executive Director of The Lalit Suri Hospitality Group, added, “We’ve always believed in creating inclusive opportunities. Through this partnership, we hope to skill and place youth from diverse backgrounds—including the LGBTQIA+ community and economically weaker sections—so they can thrive in an industry built on service and compassion.”

Moreover, this MoU between THSC and The Lalit Suri Hospitality School represents a key milestone in bridging academic training with real-world hospitality requirements, thereby creating a skilled, job-ready, and globally competitive workforce for India’s service sector.

IndoSpace to invest ₹1,000-Cr in 188-acre logistics park at Pune’s Chakan

0

The integrated supply chain infrastructure services platform, IndoSpace, will invest over $120 million (Rs 1,037 crore) to develop a 188-acre industrial and logistics park in Pune’s Chakan area.

This project will mark the company’s eighth logistics park in Pune, adding to its existing 525-acre footprint, the company said in a release.

Pune’s industrial and logistics market, particularly the Chakan–Talegaon corridor, recorded an absorption of 6.7 million sq ft in 2024. The upcoming park will to cater to the growing demand from sectors like automotive, engineering, electronics, and third-party logistics.

“Chakan has cemented its role as a high-demand manufacturing hub, driven by its strong connectivity and industrial ecosystem,” said Anshuman Singh, MD & CEO, IndoSpace. “With IndoSpace Chakan V, we are strengthening our ability to support the evolving requirements of India’s industrial growth and logistics transformation.”

The company stated that the park, located within MIDC Chakan, further leverages its strategic position along major national and state highways—including the Mumbai-Pune Expressway, Pune-Nashik Highway, Pune-Ahmednagar-Aurangabad Highway, and the Bengaluru-Mumbai Industrial Corridor—thereby ensuring excellent connectivity to industrial hubs across western India.

The new 188-acre park in Chakan aims to become a key hub for industries such as automotive, engineering, electronics, and 3PL, further strengthening IndoSpace’s position as a leading player in India’s rapidly growing logistics market.

Conversational AI startup Gupshup raises $60 Million in funding

0

Gupshup, a conversational AI startup, has secured $60 million through a mix of equity and debt financing from Globespan Capital Partners and EvolutionX Debt Capital.

The new capital will support the expansion of its conversational AI and messaging platform while accelerating go-to-market strategies in fast-growing regions such as India, the Middle East, Latin America, and Africa.

The company will also use the funds to boost sales growth, drive product innovation, and strengthen its presence across major global verticals. The conversational AI startup is witnessing record demand for its platform, fueled by the ongoing AI revolution worldwide.

“We’re at an inflection point where AI agents are transitioning from experimental technology to business-critical infrastructure, leading to extraordinary global demand for our solutions. Businesses recognize that conversational AI is driving enormous competitive advantages through superior customer experiences. This funding positions us to capture that global opportunity,” said Beerud Sheth, founder and CEO of Gupshup.

“Gupshup has been the market leader at every stage of industry evolution from basic messaging to conversational AI across text and voice, which has led to consistent revenue growth and margin expansion,” said Rahul Shah, Partner at EvolutionX Debt Capital. “Gupshup is well-poised to lead the AI transformation worldwide, and we are excited to work with them and support them in this journey. With this investment, we continue our strategy of investing in category-leading growth-stage companies in Asia.”

Founded in 2004, Gupshup offers AI-powered chatbots that help businesses engage with customers through conversational interactions. Businesses can seamlessly integrate these chatbots across multiple communication channels, including WhatsApp, SMS, web, and mobile platforms.

The company currently serves a wide range of industries, including BFSI, e-commerce, retail and consumer, hospitality, travel, and more. Moreover, its client roster includes notable names such as Netflix, Paytm, and Meta.

Gupshup’s platform empowers businesses to automate customer interactions while delivering personalized, human-like conversations. With solutions such as conversational AI agents, click-to-chat ads, AI campaign CoPilot, agent assist, personalize, and campaign manager, the platform enables businesses to manage everything from product discovery and purchasing to customer support and retention. This marks a major advancement from traditional chatbots to fully autonomous AI agents.