Balmer Lawrie, a diversified Miniratna I PSE under the Ministry of Petroleum and Natural Gas, GOI, has announced an equity funding of ₹1 crore to NapTapGo, a startup in the hospitality segment.
NapTapGo offers affordable yet luxurious pod hotels, offering quick, high-quality stays across India. The startup is integrating AI and IoT into its facilities to enhance hygiene, quality, and customer experience.
Adhip Nath Palchaudhuri, Chairman & Managing Director and Director [Service Businesses] – Additional Charge 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.”
Nitin Malhotra, Founder of NapTapGo, said, “Balmer Lawrie’s investment in NapTapGo is a testament to the Government’s commitment to fostering innovation in the tourism sector by supporting scalable, global solutions that cater 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.”
