Balmer Lawrie invests equity funding of Rs 1 crore to NapTapGo

Balmer Lawrie & Company Limited announced an equity investment of Rs 1 crore in NapTapGo, an innovative startup in the hospitality sector.

As part of the Government of India's Startup India program, Balmer Lawrie is dedicated to supporting the startup ecosystem and fostering innovation through its annual Startup Fund program.

The company has partnered with IIM Lucknow EIC, a leading incubator, to offer startups incubation support, mentorship, and industry connections.

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Nitin Malhotra, founder at NapTapGo, said, " Investment of Balmer Lawrie in NapTapGo is a testament to the Government’s commitment to fostering innovation in the tourism sector by supporting scalable and global solutions that serve to the needs of the masses and align with the aspirations of New India. This partnership highlights the Government's focus on empowering Indian Startups like NapTapGo to not only originate from India but to also emerge as leading players in the $1,400 billion global hospitality market. We are proud to contribute to this vision and look forward to redefining the short-stay experience for travelers worldwide."

Balmer Lawrie’s Chairman & Managing Director and Director (Service Businesses) Adhip Nath Palchaudhuri, said,“I am thrilled to announce an investment of Rs. 1 crore, as part of the Balmer Lawrie Startup Fund program, in NapTapGo, a one of its kind pan India Pod hotel chain that has the potential to revolutionise the hotel industry. We firmly believe that investing in innovation and supporting emerging entrepreneurs will contribute significantly to nation building and further the 'Make in India' initiative. The investment decision is driven by the purpose to add value as a strategic partner through industry connections, offering guidance, and leveraging networks to help them thrive in its sector.”

About NapTapGo

Founded in 2023, Noida-based NapTapGo aims to transform the hospitality industry with its unique concept of affordable yet luxurious pod hotels, providing quick, high-quality stays across India. The startup is creatively using AI and IoT in its facilities to improve hygiene, quality, and customer experience.

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