Balmer Lawrie & Co Ltd, a government-owned enterprise, has invested INR 1 crore in NapTapGo, a startup specializing in affordable “pod” hotels, as part of a seed funding round.
This funding is part of Balmer Lawrie’s annual startup fund program aimed at fostering innovation and supporting new businesses.
About NapTapGo:
Founded in 2023 by Nitin Malhotra, NapTapGo aims to revolutionize the hospitality industry with its capsule-style accommodations, offering budget-friendly and comfortable stays.
The startup is leveraging AI and IoT technologies to enhance hygiene, quality, and customer experience in its facilities.
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“We firmly believe that investing in innovation and supporting emerging entrepreneurs will contribute significantly to nation-building,” said Adhip Nath Palchaudhuri, chairman and managing director of Balmer Lawrie.
Nitin Malhotra expressed his gratitude, stating that the investment showcases the government’s commitment to fostering innovation in the tourism and hospitality sector.
While the investment has been announced, specifics about the funding terms were not disclosed.
NapTapGo plans to utilize the funding to accelerate its mission of providing accessible and high-quality hospitality solutions.
