Fintech startup Mylapay raises $1 Mn to strengthen its payment infrastructure

January 5, 2026

Payment infrastructure startup Mylapay has announced that it has raised $1 million as part of its ongoing capital round, ahead of its upcoming Series A fundraise. Through this round, existing investors CDM Capital and Credit Saison continued their participation, while GrowthCap Ventures joined as a new investor under the leadership of Pratekk Agarwaal. In addition, a group of strategic angel investors also participated in the round.

With the newly raised capital, the startup plans to further strengthen its payment infrastructure. At the same time, it will scale its product offerings, deepen collaborations with banks and payment aggregators, and support its expansion across the Middle East, Africa, and the US markets.

Mylapay delivers end-to-end processing solutions across card and UPI payment rails through a modern, product-led acquiring infrastructure. Its backend technology stack actively supports 3DS authorization, switching, clearing and settlement, reconciliation, and chargeback management. Moreover, the platform holds certifications from major card networks, including Visa, Mastercard, and RuPay.

Recently, the company launched its unified acquiring platform, a compliance-led infrastructure built to process more than 5,000 transactions per second. As a result, banks and payment aggregators can now manage end-to-end card and UPI acquiring through a single, streamlined integration.

“Mylapay has been deliberate in building a compliance-first acquiring infrastructure. We’re pleased to continue supporting the team as they scale the platform,” said Davesh Manocha, Managing Partner, CDM Capital.

“Payment processing can no longer be a black-box ‘service.’ Regulatory changes and industry evolution now demand product-based solutions—configurable, secure, and built for scale. At Mylapay, we’ve productized acquiring-in-a-box with built-in compliance infrastructure, so payment acquirers gain full control and flexibility without compromising on data privacy, regulatory confidence, or performance. This capital infusion further equips us to accelerate adoption of our next-gen platform,” said Mohanraj Ravi, Founder & CEO of Mylapay.

Speaking on the investment, Pratekk Agarwaal, Founder and General Partner at GrowthCap Ventures, said, “India has always led innovation in payments, and the world is now adopting this maturity curve. Mylapay is solving one of the most critical infrastructure gaps—helping banks and payment institutions modernize their acquiring stack with reliability, compliance depth, and scale. At GrowthCap Ventures, we back category-defining fintech infrastructure plays, and Mylapay is strongly positioned to shape the next phase of digital payments globally.”

Nirma Group explores hospitality foray with 555-room hotel plan in Ahmedabad

BRL Editor

January 5, 2026

Ahmedabad-based Nirma Group is preparing to enter the hospitality sector as part of a broader diversification strategy, according to people familiar with the matter. The Rs 12,207-crore conglomerate, which operates across detergents, soaps, soda ash, caustic soda, cement, and healthcare, has already applied for environmental clearance to develop a five-star hotel aimed at the upper-upscale segment of the market.

According to the same sources, the proposed development involves a 555-room hotel planned along the Sarkhej–Gandhinagar (SG) Highway, which continues to emerge as one of Ahmedabad’s fastest-growing commercial corridors. At the same time, the group has initiated discussions with multiple multinational hotel operators, including Indian Hotels Company Ltd (IHCL), Hyatt Hotels, and Marriott International. However, people aware of the negotiations noted that the group has not yet finalized any operating agreement.

Looking ahead, the hotel will commence operations ahead of the 2030 Commonwealth Games. Consequently, the project aims to capitalise on increasing demand for premium accommodation, driven by global sporting events as well as sustained growth in corporate travel. Meanwhile, an email sent to a Nirma Group official seeking comment did not receive a response until press time.

Commenting on the broader market dynamics, Nandivardhan Jain, founder and chief executive of hotel investment and branded residences advisory firm NOESIS, said, “The depth of demand we are seeing today is very different from what it was even a few years ago.”

Renaissance Hotels strengthens India presence with the debut of Renaissance Goa Hotel

BRL Editor

January 5, 2026

Renaissance Hotels strengthens India presence with the debut of Renaissance Goa Hotel — Roopa Singh, General Manager, Renaissance Goa Hotel

Renaissance Hotels, part of Marriott Bonvoy’s global portfolio of over 30 extraordinary hotel brands, proudly announces the opening of Renaissance Goa Hotel, thereby reinforcing its commitment to immersive lifestyle hospitality in India.

Designed with intention, this new address speaks to travelers who seek authentic exploration, genuine connections, and compelling local narratives. Set amid the lush Arpora valley and offering seamless access to North Goa’s iconic beaches—Baga, Anjuna, and Vagator—the hotel thoughtfully bridges the energy of Goa’s vibrant coastline with the calm, rhythmic allure of a valley retreat.

“The Renaissance Hotels brand is built on curiosity and the idea that travel is most rewarding when it truly connects guests to the distinct character and DNA of a destination,” said Kiran Andicot, Senior Vice President, South Asia, Marriott International. “Goa has long captivated as one of India’s most enduring leisure destinations, offering a lighthearted familiarity and an accessible choice for both planned getaways and spontaneous adventures. As we continue to expand our lifestyle portfolio across India, Goa remains central to our leisure growth strategy, with a focus on neighbourhood-led experiences, innovative design, and a style of exploration that today’s travelers seek.”

Located in North Goa, the hotel actively connects guests to the region’s buzzing beach culture, lively night bazaars, adventure-driven excursions, eclectic cafés, and layered cultural experiences, while simultaneously offering a tranquil escape that feels removed from everyday life. Drawing inspiration from the textures and tempo of tropical Goa, the design language embraces a natural palette that feels fluid, tactile, and quietly dramatic.

Throughout the property, brass Vanda orchid installations, hand-carved sandstone floral elements, and botanical mosaic details create a cohesive visual story rooted in the landscape. At the same time, moments of theatrical expression appear throughout the hotel, including a striking cherry blossom installation in the lobby, a lemon tree anchoring the Casa Limone restaurant, and an LED-lit glass roof that dynamically shifts with the light, encouraging guests to pause, observe, and explore instinctively.

The hotel features 133 guest rooms and suites that confidently blend contemporary aesthetics with thoughtful, unexpected details. Locally inspired 3D art installations and bespoke brass floral cabinetry add depth and character to each space, while family rooms overlook expansive views of the tropical valley, creating a calming retreat after days spent discovering Goa’s vibrant neighborhoods. Spacious bathrooms and lifestyle-oriented amenities further enhance comfort while supporting an engaging and seamless stay.

Staying true to Renaissance Hotels’ brand philosophy, the hotel introduces its signature Navigators as approachable, knowledgeable local ambassadors. These Navigators actively guide guests toward hidden gems across the coastal state, drawing on lived experience and deep familiarity with the destination. Through curated recommendations and personally shaped journeys, they help create moments that feel spontaneous, authentic, and rooted in place. Experiences include an intimate immersion into village life on Divar Island, culturally rich home-hosted dinners within local Goan residences, explorations of indigenous feni paired with regional flavors, and narrative-led walks through the historic Fontainhas Latin Quarter.

The hotel’s culinary program plays an equally central role in shaping the guest experience. The Bloom Kitchen leads the dining offerings as an all-day venue that celebrates global cuisines while highlighting Goa’s coastal heritage. Seasonal ingredients, rotating menus, and bold flavors ensure the dining experience evolves in step with the region’s natural rhythm. Meanwhile, Casa Limone brings handcrafted ceramics, bright Amalfi-inspired flavors, and relaxed sundowners together to evoke the charm of coastal Italy. Aerio, the rooftop pool bar, delivers refreshing cocktails and curated bites against sweeping valley views, while R Lounge at the lobby heart transitions effortlessly from artisanal daytime coffees to evening cocktails.

As night falls, R Lounge transforms into the setting for Evenings at Renaissance, the brand’s signature ritual that celebrates North Goa’s sophisticated and social spirit. Through daily bar rituals, weekly programmed experiences, and live music performances, the hotel encourages guests to engage with the destination in an organic, local way.

In addition, the hotel supports a wide range of social and professional gatherings with nearly 8,000 square feet of flexible event space. Designed for destination weddings, intimate celebrations, and creatively driven corporate meetings, the ballroom and adaptable venues feature advanced technology and versatile layouts that enable seamless event execution.

“We are delighted to welcome guests to Renaissance Goa,” said Roopa Singh, General Manager, Renaissance Goa Hotel. “Inspired by the energy of North Goa and the stories found within its neighborhoods, the hotel has been designed to encourage discovery at every turn. Our goal is to create a Renaissance brand experience that feels welcoming, expressive, and deeply connected to its surroundings—where guests can engage with the destination through design, local insights, and meaningful moments. We look forward to introducing guests to a place that captures the spirit of Goa in a way that feels both vibrant and personal.”

Renaissance Hotels also actively participates in Marriott Bonvoy®, Marriott International’s award-winning travel program. Through this program, members can earn and redeem points at Renaissance Goa and across Marriott Bonvoy’s portfolio of 30 extraordinary brands, as well as through everyday purchases made with co-branded credit cards. Moreover, the Marriott Bonvoy app enhances the stay with contactless services and personalized travel insights, offering greater convenience from arrival to departure.

DSM Fresh Foods acquires Avyom Foodtech to expand into ready-to-eat market

BRL Editor

January 3, 2026

DSM Fresh Foods acquires Avyom Foodtech to expand into ready-to-eat market — Deepanshu Manchanda, Managing Director of DSM Fresh Foods Limited

DSM Fresh Foods Limited, which operates the ZappFresh brand and trades on the BSE SME platform, has approved the acquisition of a 51–60% controlling stake in Avyom Foodtech Private Limited, thereby formally entering the ready-to-eat (RTE) and ready-to-cook (RTC) food categories while also strengthening its push into overseas export markets.

To execute the transaction, DSM Fresh Foods Limited will infuse approximately Rs 7.5 crore in cash through a private placement of shares in Avyom Foodtech. Consequently, the investment will result in DSM Fresh Foods holding at least a 51% equity stake in the company.

Furthermore, DSM Fresh Foods stated that it expects to complete the acquisition within the next three to nine months.

In parallel, the company may explore the induction of external strategic investors at the Avyom level through the issuance of fresh shares, subject to board approval. Through this approach, DSM Fresh Foods aims to support long-term growth while ensuring capital alignment.

As part of the broader transaction structure, Avyom Foodtech has entered into a binding term sheet to acquire the operating food processing business of Ambrozia Frozen Foods through a slump sale on a going-concern basis.

The acquisition covers around five acres of land, a fully operational food processing facility, and the associated plant and machinery. Additionally, the transaction involves the assumption of identified liabilities, including bank borrowings and trade payables. Meanwhile, the company will deploy funds in phases, in line with the Business Transfer Agreement, to maintain capital discipline and enable a calibrated operational ramp-up.

As a result, the move provides DSM Fresh Foods with immediate access to an established processed foods platform, supported by FSSAI-approved manufacturing processes and export-ready infrastructure.

The Ambrozia facility operates with a processing capacity of around 15 tonnes per day and supports a portfolio of more than 150 SKUs. These products include breakfast items such as idli, medu vada, and dosa fillings; snacks such as kebabs, momos, rolls, samosas, and burger patties; Indian fritters including pakoda and onion bhaji; as well as gravies, breads, and sauces.

Moreover, Ambrozia serves a diverse customer base comprising institutional clients and quick-service restaurants, including Hyperpure, Faasos, Jubilant, Demand Planner, and Al Kabeer. At the same time, the company maintains a strong export presence in Canada, the United Kingdom, and the UAE.

Although the business reported a turnover of around Rs 13 crore in FY25, it has historically achieved peak annual revenues of approximately Rs 16 crore, thereby highlighting the scalability of its processing infrastructure.

DSM Fresh Foods explained that the acquisition enables the company to enter the high-growth processed foods segment without the extended timelines and capital intensity associated with a greenfield expansion. Consequently, the company expects the move to complement its strengths in sourcing, quality control, cold-chain logistics, and distribution, while also enhancing unit economics through value-added products.

Commenting on the development, Deepanshu Manchanda, Managing Director of DSM Fresh Foods Limited, said the transaction marks a pivotal moment for the company.

“This acquisition represents a strategic inflection point in DSM’s evolution from a fresh foods platform to an integrated, end-to-end food solutions company. By acquiring a running processed foods business with established capabilities, regulatory approvals, and export readiness, we are significantly shortening our execution timeline while maintaining capital discipline,” he said.

Avyom Foodtech Private Limited, formerly known as IEY Education Private Limited, was incorporated in 2022 and operates in the manufacturing, processing, and export of RTE and RTC products, including frozen foods, snacks, gravies, and sauces. Notably, directors of DSM Fresh Foods promoted the company.

At the same time, the acquisition builds on DSM Fresh Foods’ track record of inorganic expansion. Operating under the ZappFresh brand, the New Delhi-headquartered company focuses on sourcing, processing, and delivering meat and food products to both consumers and institutional customers.

In the first half of FY26, DSM Fresh Foods reported a net profit of Rs 7 crore, nearly three times higher than the Rs 2.4 crore recorded a year earlier. Meanwhile, operating revenue increased 43% year-on-year to Rs 95.6 crore.

Overall, the company stated that its expansion into processed foods and exports will help diversify revenue streams and strengthen its position across the food value chain.

Paytm parent One 97 grants ESOPs worth Rs 16.7-Cr to employees

BRL Editor

January 3, 2026

Paytm parent One 97 grants ESOPs worth Rs 16.7-Cr to employees — Vijay Shekhar Sharma, the founder and CEO of Paytm

One 97 Communications, the parent company of Paytm, has approved a fresh grant of employee stock options (ESOPs) under its existing employee incentive framework.

According to a stock exchange filing, the company stated that its Nomination and Remuneration Committee sanctioned the grant of 1,23,908 stock options to eligible employees under the One 97 Employees Stock Option Scheme 2019.

The committee granted the approval on January 3, 2026, through circulation. Under the terms of the scheme, each stock option is convertible into one fully paid-up equity share with a face value of Rs 1, at an exercise price of Rs 9 per option.

Based on Paytm’s Friday closing share price of approximately Rs 1,340.4, the newly issued ESOPs carry an estimated notional value of around Rs 16.7 crore. At the same time, the company disclosed that 4,25,702 stock options lapsed during the reported period. Moreover, the filing confirmed that there was no vesting, exercise, cancellation, or variation in the terms of options during this interval.

Additionally, the company clarified that the equity shares issued upon the exercise of these options will not be subject to any lock-in period. The ESOP scheme remains fully compliant with the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021, and it includes detailed provisions addressing corporate actions as well as the treatment of options in events such as resignation, retirement, termination, death, or permanent incapacity.

Separately, One 97 Communications highlighted a significant regulatory development in its payments business. Paytm Payments Services Limited, the company’s wholly owned subsidiary, has received authorisation from the Reserve Bank of India (RBI) to operate as a payment aggregator for physical or offline payments and cross-border transactions.

With this regulatory clearance, the subsidiary now holds payment aggregator approvals across online, offline, and cross-border segments, thereby enabling it to provide payment aggregation services for a broader range of merchant use cases.

On the financial front, One 97 Communications reported revenue from operations of Rs 2,061 crore in Q2 FY26, marking an increase from Rs 1,659 crore recorded in the corresponding quarter last year.

However, net profit for the quarter declined sharply to Rs 21 crore, compared with Rs 930 crore in Q2 FY25, primarily due to the absence of a one-time gain in the base quarter and the recognition of an impairment loss in the latest reporting period.

Café Delhi Heights expands footprint with 49th outlet in Pitampura

BRL Editor

January 3, 2026

Café Delhi Heights expands footprint with 49th outlet in Pitampura — Vikrant Batra, Founder, Café Delhi Heights

Café Delhi Heights, a well-established casual dining chain in India, has opened its 49th outlet at Unity One Eleganté, Netaji Subhash Place (NSP), Pitampura, thereby strengthening its footprint across Delhi. Through this launch, the brand aims to serve the diverse dining preferences of West Delhi consumers while contributing to the region’s growing organized casual dining ecosystem.

The newly launched Pitampura outlet covers approximately 1,840 square feet and accommodates 71 guests, with 57 indoor seats and 14 outdoor seats. Moreover, the brand has designed the space around an Art Deco theme, incorporating geometric patterns, clean lines, and textured finishes. Consequently, the outlet aligns with broader industry trends in which premium casual dining formats increasingly emphasize experience-led and differentiated environments.

Vikrant Batra, Founder, Café Delhi Heights, said, “Every new outlet is a reflection of our commitment to creating spaces where people feel at home. NSP is one of Delhi’s most energetic hubs, and we wanted to bring a fresh, thoughtfully designed Café Delhi Heights experience to this neighborhood. The Art Deco theme complements our vision of blending comfort with sophistication, while continuing to serve the flavors and hospitality that our guests love.”

Since its inception in 2011 at Crosspoint Mall in Gurgaon, the brand has steadily expanded its national presence to 17 cities, thereby building a portfolio of outlets that deliver globally inspired yet comfort-driven menus. Additionally, signature offerings such as the Juicy Lucy Burger, alongside a curated selection of European and Indian dishes, remain central to the menu. As a result, the brand consistently reinforces its focus on high-quality ingredients, innovative flavors, and operational consistency.

Beyond its flagship chain, Café Delhi Heights continues to diversify its presence through sister concepts, including Café Delhi Heights 2.0, IKIGAI in Delhi, and Sarava in Goa. Furthermore, with a stated goal of reaching 120 locations by 2028, including international markets, the brand is actively preparing for its next phase of expansion.

Overall, the launch of the Pitampura outlet underscores Café Delhi Heights’ deliberate growth strategy, which combines scale, design-led differentiation, and menu innovation. As competition intensifies in India’s casual dining segment, the brand’s emphasis on experiential spaces and diversified concepts positions it to attract a broad consumer base while sustaining long-term expansion momentum.

CIEL HR Services raises Rs 30-Cr to scale subsidiaries before IPO

BRL Editor

January 3, 2026

CIEL HR Services raises Rs 30-Cr to scale subsidiaries before IPO — Latha Rajan & K Pandiarajan, Co-founders, CIEL HR Services

New Delhi-based human resources solutions provider CIEL HR Services has raised Rs 30 crore from 88 investors, including Zoho Corporation, Pegasus India, and Standard Fireworks, ahead of its proposed initial public offering (IPO).

In a public announcement, the Chennai-headquartered company stated that it executed a pre-IPO placement of 27,27,272 equity shares at Rs 110 per share, thereby aggregating total proceeds of Rs 30 crore.

Notably, the company’s board approved the fundraise on November 17, and shareholders subsequently cleared the issuance at an extraordinary general meeting held on November 28.

In addition to Pegasus India Evolving Opportunities Fund, Zoho Corporation, and Standard Fireworks, the allotment attracted a diverse set of prominent investors. These include Rajashekar Reddy Seelam, founder of 24 Mantra Organic; Prime Securities; KTV Kannan, promoter of KTV Oil Mills and KTV Health Foods; Sri Kaliswari Fireworks; the Pothys family office; AIKYAM Capital; NS Rajan; and Abhijit Bhaduri, among others.

According to the company’s draft red herring prospectus (DRHP), the proposed IPO will consist of a fresh issue of equity shares worth Rs 335 crore, along with an offer for sale (OFS) of 47.4 lakh shares by promoters and other existing shareholders.

Furthermore, the company plans to deploy the proceeds from the fresh issue toward acquiring additional stakes in its subsidiaries, including Firstventure Corporation, Integrum Technologies, Next Leap Career Solutions, People Metrics, and Thomas Assessments. At the same time, it will use a portion of the funds to meet incremental working capital requirements, pursue inorganic acquisitions, and cover general corporate expenses.

Simultaneously, CIEL HR Services will invest in five subsidiaries—CCIEL Skills and Careers, FirstVenture Corporation, Integrum Technologies, Ma Foi Strategic Consultants, and Next Leap Career Solutions—with the objective of expanding and strengthening their learning experience platforms.

Founded in Chennai, CIEL HR Services, meanwhile, delivers a technology-driven, end-to-end suite of human resources solutions that spans the entire employee lifecycle, thereby positioning the company as an integrated HR services platform ahead of its public market debut.

The pre-IPO fundraise highlights strong institutional and strategic investor confidence in CIEL HR Services’ business model and growth trajectory. As the company advances toward its IPO, its focus on subsidiary expansion, technology-led HR solutions, and strategic acquisitions is likely to enhance scale, deepen market presence, and strengthen long-term value creation.

FreshToHome raises ₹75-Cr in venture debt to fuel quick commerce push

BRL Editor

January 3, 2026

FreshToHome raises ₹75-Cr in venture debt to fuel quick commerce push — L-R: Jayesh Jose, Shan Kadavil & Mathew Joseph, co-founders, FreshToHome

FreshToHome, a Bengaluru-based meat and seafood delivery platform, has secured ₹75 crore ($8.5 million) through a fresh debt round from Trifecta Venture as it accelerates expansion in the competitive quick commerce and fresh produce segments.

According to filings with the Registrar of Companies (RoC), the company’s board approved the issuance of 750 Non-Convertible Debentures (NCDs) to Trifecta Venture, with each debenture carrying a face value of ₹10 lakh. Through this structured financing, FreshToHome plans to deploy the capital toward two primary objectives.

First, the company will strengthen its working capital to ensure uninterrupted day-to-day operations across its extensive supply chain. Second, it will allocate funds for general corporate purposes, thereby supporting wider strategic initiatives and ongoing technology enhancements.

By choosing NCDs as the funding instrument, FreshToHome is actively preserving liquidity while avoiding immediate equity dilution, especially after closing its large Series D funding round last year. Founded in 2015 by Shan Kadavil and Matthew Joseph, the company has steadily transformed from a niche delivery service into a prominent regional player in the fresh food ecosystem.

At present, FreshToHome operates in nearly 160 cities across India and maintains a strong presence in the UAE. Moreover, in February 2024, the company strategically entered the ultra-fast delivery segment by launching 10–15 minute delivery services, positioning itself directly against quick commerce rivals such as Zepto and Blinkit.

In parallel, the startup continues to benefit from robust equity backing. So far, FreshToHome has raised more than $320 million in equity funding, including a $104 million Series D round led by the Amazon Smbhav Venture Fund.

Meanwhile, the company’s latest financial disclosures indicate gradual progress toward sustainability. For FY25, FreshToHome reported a 14% year-on-year increase in revenue, which rose to ₹421.33 crore from ₹369.55 crore in FY24. Additionally, the company narrowed its net losses to ₹146.32 crore, marking a 2.3% improvement compared to the ₹149.73 crore loss recorded in the previous year.

“The proceeds will be utilized to meet the company’s working capital requirements and for general corporate purposes,” the filing noted, clearly highlighting the firm’s emphasis on operational efficiency.

Overall, this debt infusion underscores FreshToHome’s disciplined capital strategy as it balances aggressive growth with financial prudence. As competition intensifies in quick commerce and fresh food delivery, the company’s focus on liquidity management, operational efficiency, and market expansion positions it to strengthen its standing in both India and international markets.

Agritech startup Arya.ag secures Rs 725-Cr in Series D round to scale climate-smart agri solutions

BRL Editor

January 2, 2026

Agritech startup Arya.ag secures Rs 725-Cr in Series D round to scale climate-smart agri solutions — (L-R): Anand Chandra, Prasanna Rao, and D Chattanathan, co-founders, Arya.ag

New Delhi-based agritech firm Arya.ag has raised Rs 725 crore (approximately $80.3 million) in its Series D funding round led by GEF Capital Partners. Earlier, GEF Capital Partners had emerged as the lead investor in the round, as reported last month.

Over the past year, Arya.ag has completed two major fundraises. In July 2025, the company secured $29 million through an equity funding round. Meanwhile, its agri-commerce arm, Aryatech, obtained a $19.8 million commitment from the US International Development Finance Corporation to guarantee a debt facility.

With the fresh capital, Arya.ag plans to deepen its engagement with farmers and farmer producer organisations. Additionally, the company aims to expand its climate-smart agriculture initiatives while strengthening technology-led solutions across the post-harvest supply chain.

Furthermore, Arya.ag intends to deploy the funds to reduce farm-gate and supply-chain losses. At the same time, the company seeks to improve access to finance and strengthen market linkages for smallholder farmers.

Founded in 2013 by Prasanna Rao, Anand Chandra, and Chattanathan Devarajan, Arya.ag operates an integrated grain commerce platform. Through this platform, the company spans pre-harvest advisory services, storage solutions, financing, and trade operations. Moreover, its model empowers farmers to decide when and where to sell their produce, supported by farm-level data, warehousing infrastructure, and credit access.

The startup operates a widespread network of Smart Farm Centres and delivers services such as agri storage, instant financing, and transparent market access. Currently, the platform operates across nearly 60% of Indian districts. In addition, the company manages a network of 12,000 agri-warehouses, handles close to $3 billion worth of grain annually, and enables more than $1.5 billion in agricultural loans.

For the fiscal year ended March 2025, Arya.ag reported revenue of Rs 447 crore. During the same period, the company expanded its profits by 70% on a year-on-year basis. Subsequently, the company also reported a profit of Rs 32 crore in the first half of FY26.

Migsun Group signs Clubhouse for 200-Key hotel at Migsun Janpath, Lucknow

BRL Editor

January 2, 2026

Migsun Group signs Clubhouse for 200-Key hotel at Migsun Janpath, Lucknow — Yash Miglani, Managing Director, Migsun Group

Migsun Group has signed hospitality brand Clubhouse to develop and operate a 200-key hotel at its mixed-use project, Migsun Janpath, in Lucknow. Under this agreement, the parties have structured the partnership as a 28-year long-term revenue share lease.

Through this addition, Migsun Group continues to integrate income-generating hospitality assets into its large-format developments. Meanwhile, Lucknow continues to witness consistent demand across corporate travel, social functions, and leisure tourism. Moreover, improving infrastructure and sustained urban expansion continue to support this demand.

Commenting on the signing, Yash Miglani, Managing Director, Migsun Group, said, “The signing of Clubhouse is aligned with our strategy of adding stabilised, income-generating assets to our mixed-use developments. Lucknow has been witnessing consistent demand across business, social, and leisure travel, which creates a strong quality case for well-located hotels. The 28-year revenue share structure ensures long-term alignment between developer and operator while allowing the asset to respond to market changes over time. We believe this addition will strengthen the overall project ecosystem and contribute meaningfully to the city’s evolving hospitality landscape.”

The hotel forms a key part of the planned development mix at Migsun Janpath. Additionally, the project combines retail, commercial, and lifestyle components within a single integrated destination. Consequently, the upcoming hotel will cater to business travellers, social events, and leisure demand, in line with Lucknow’s steady growth in organised hospitality and mixed-use real estate developments.

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