🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥

Startup Showcase

Premium Content

Try our Valuation Calculator →

News on Medial

Chrome Asia Hospitality To Invest Rs 35 Crore To Scale Up Gigi Restaurant Brand

OutlookIndia

OutlookIndia · 2y ago

Chrome Asia Hospitality plans to invest Rs 35 crore to expand its concept restaurant segment, aiming to open 12 outlets by 2025. The company recently launched Gigi restaurant in Mumbai, a period cocktail bar with Asian influences and fusion cuisine. With its previous success in the hospitality industry, Chrome Asia Hospitality aims to deliver unique concepts and meet the growing demand for newer and better experiences in the fast-growing Indian hospitality landscape.

Related News

IHCL signs pact with Madison for 10 new hotels in South India

Economic Times

Economic Times · 3m ago

IHCL signs pact with Madison for 10 new hotels in South India

The Indian Hotels Company (IHCL) has partnered with Madison for the development of ten new Ginger brand hotels across South India. Madison, in collaboration with Terminus Group and JV Ventures, will invest approximately Rs 500 crore to construct these hotels over the next three years. The partnership kicks off with a 75-key Ginger hotel in Genome Valley, Telangana, targeting the mid-scale hotel segment. This initiative signifies IHCL's strategic expansion into the growing hospitality market.

Punch, Burma Burma, EtherealX & others get VC money; Nazara arm buys DeltiasGaming

VCCircle

VCCircle · 1y ago

Punch, Burma Burma, EtherealX & others get VC money; Nazara arm buys DeltiasGaming

Indian startups Punch, EtherealX, Hyperbots, Neuron Energy, matchmaking platform Juleo, and restaurant brand Burma Burma have announced successful fundraising rounds. Punch, a trading platform, raised $7m from investors including Stellaris Venture Partners and Susquehanna Asia VC. EtherealX, a spacecraft developer, secured $5m in a seed funding round led by YourNest. AI startup Hyperbots raised $2m, while electric vehicle battery manufacturing start-up Neuron Energy raised INR 20 crore ($2.7m). Dating platform Juleo secured $2.5m in angel funding, and Burmese restaurant brand Burma Burma raised a further $2m in equity investment.

Servify’s income spikes around 2X to Rs 611 Cr in FY23

Entrackr

Entrackr · 2y ago

Servify’s income spikes around 2X to Rs 611 Cr in FY23

Device management startup Servify raised $65 million in a pre-IPO round, contributing to a 95% increase in scale and minimal growth in losses in the fiscal year ending March 2023. With revenue of Rs 611 crore in FY23, up from Rs 313 crore in FY22, Servify offers brand-authorized after-sales support for consumer electronics. The sale of protection plans surged 2.1 times to Rs 556 crore in FY23. India accounted for 62.5% of the revenue, while the US constituted 35%. Servify has raised $125 million to date and is valued at around $850 million.

Delhi's draft Industrial Policy proposes financial incentives to promote AI, fintech

YourStory

YourStory · 4m ago

Delhi's draft Industrial Policy proposes financial incentives to promote AI, fintech

Delhi's draft Industrial Policy 2025-35 proposes financial incentives to boost sectors like AI and fintech, aiming to foster a "future-ready, non-polluting industrial ecosystem." The policy includes setting up a Rs 400 crore venture capital fund, offering 50% fixed capital investment reimbursement up to Rs 50 crore per project, and providing various subsidies. It targets generating employment and attracting global companies to Delhi, while also focusing on research, hospitality, and infrastructure development. Comments are invited from stakeholders by July 30.

Exclusive: Ayekart to raise new round with 2.8X valuation surge

Entrackr

Entrackr · 16d ago

Exclusive: Ayekart to raise new round with 2.8X valuation surge

Ayekart, a full stack agri-food network, is set to raise Rs 65 crore (approximately $7.4 million) in a fresh round of funding from Vihu Hospitality Pvt Ltd and Enchant Packaging Pvt Ltd. This funding follows its $6.5 million Series A round raised in February 2024, led by Omnivore, Siana Capital, and Unleash Capital. Ayekart's board approved the issuance of 5,333 equity shares at Rs 1,21,862 each to raise the capital, as per its filing with the Registrar of Companies. Vihu Hospitality will lead the round with a Rs 35 crore investment, while Enchant Packaging will contribute Rs 30 crore. The funds will be used to expand the retail and distribution business and strengthen sourcing, processing, and supply of raw materials. The company is likely to raise additional funds, with total fundraising expected to reach up to Rs 150 crore. Existing investor Omnivore is expected to participate in the ongoing Series B round with an investment of up to Rs 35 crore. The firm's valuation is projected to soar 2.8X to Rs 1,331 crore ($151 million) post-money, from a Rs 474 crore valuation in its previous round. Founded in 2020, Ayekart is a vertically integrated agri-food platform connecting farmers and FPOs for sourcing and distributing products via an FMCG network. It provides services such as quality checks, logistics, payments, and traceability using proprietary tech. The Mumbai-based company has raised over $13 million to date. New investors Vihu Hospitality and Enchant Packaging will hold 2.63% and 2.25% stakes, respectively. Omnivore will remain the largest external shareholder with 13.71%, while Co-founder and CEO Debarshi Dutta will retain a 25.91% stake. For the fiscal year ended March 2024, Ayekart’s Gross Transaction Value (GTV) rose over 2.3X to Rs 1,533 crore from Rs 643 crore in FY23, and the company reported a profit of Rs 94.3 lakh during the period.

The Bombay Canteen operator cooks fundraising plan, dials local PE funds

VCCircle

VCCircle · 6m ago

The Bombay Canteen operator cooks fundraising plan, dials local PE funds

Hunger Inc. Hospitality Pvt Ltd, the operator of The Bombay Canteen and O Pedro, is raising its first institutional funding round. The Mumbai-based company, supported by prominent investors, aims to secure approximately Rs 225 crore. The funds will likely be sourced from local private equity firms, as the company seeks to expand its popular restaurant brands. This move represents a significant step in Hunger Inc.'s growth and development strategy within the hospitality industry.

IHCL infuses Rs 220 cr in Netherlands-based subsidiary IHOCO BV

Economic Times

Economic Times · 1m ago

IHCL infuses Rs 220 cr in Netherlands-based subsidiary IHOCO BV

Indian Hotels Company Limited (IHCL), India's largest hospitality firm, has invested Rs 220 crore into its wholly-owned Netherlands-based subsidiary, IHOCO BV. This capital infusion is intended to help IHOCO BV invest further in its subsidiaries for debt repayment and operational needs. IHOCO BV serves as IHCL's apex holding company for overseas hospitality investments. The transaction involves a cash consideration of Rs 219.69 crore, paid at a conversion rate of USD to Rs 87.875.

Hospitality Startup ELIVAAS Raises INR 87 Cr To Expand To Southeast Asia

Inc42 · 4m ago

Hospitality Startup ELIVAAS Raises INR 87 Cr To Expand To Southeast Asia

Elivaas, a hospitality startup, raised INR 87 crore (about $10 million) in a Series B funding round led by Vertex Ventures, with participation from existing investors such as Peak XV Partners’ Surge and 3one4 Capital. The Delhi NCR-based company plans to use the funding to expand its presence in Southeast Asia, enhance its AI technology stack, and strengthen brand building. Elivaas provides services to property owners, travelers, and housekeepers in the hospitality sector.

Virat Kohli to sell One8 to Abhishek Ganguly-led Agilitas Sports

Entrackr

Entrackr · -5375s ago

Virat Kohli to sell One8 to Abhishek Ganguly-led Agilitas Sports

Virat Kohli to sell One8 to Abhishek Ganguly-led Agilitas Sports As part of the transaction, ownership of One8 will move to Agilitas. Separately, Kohli will invest Rs 40 crore in his personal capacity to acquire a minority stake in Agilitas Sports. Harsh Upadhyay 08 Dec 2025 Virat Kohli has agreed to sell his sports and lifestyle brand One8 to footwear and apparel company Agilitas Sports, while also investing Rs 40 crore in the company. As part of the transaction, Kohli will join Agilitas as an investor and co-founder of One8. Separately, Kohli will invest Rs 40 crore in his personal capacity to acquire a minority stake in Agilitas Sports. The exact stake size related to this investment was not disclosed. In June, Entrackr reported that Kohli acquired a 1.49% stake in the company for his investment. The same funding round also saw participation from Indian cricketer Abhishek Sharma, who invested in the firm at that time. Virat Kohli launched One8 as an internet-first lifestyle brand offering sportswear with Puma, apparel, accessories, innerwear, and fragrances, and later expanded it into the restaurant chain One8 Commune focused on communal dining. Agilitas Sports was founded in 2023 by Abhishek Ganguly, former managing director of Puma India and Southeast Asia. The company operates across sports footwear, apparel, and accessories and has been expanding through acquisitions. It previously acquired Mochiko Shoes to strengthen its manufacturing capabilities. Ganguly worked closely with Kohli after signing him with Puma in 2017 under a deal valued at around Rs 110 crore, during which the One8 lifestyle athleisure brand was launched. In April, Kohli exited his association with Puma after declining the brand’s Rs 300 crore renewal offer for an additional eight years and opted to invest in Agilitas instead. On the funding front, Agilitas is in advanced talks to raise around Rs 450 crore from existing investor Nexus Venture Partners. Agilitas Sports has so far raised over Rs 600 crore to date from investors including Spring Marketing Capital, SMLINE Ventures, and Infinity Direct Holding.

African PE firms Phatisa, Alterra acquire restaurant chain as Actis exits

VCCircle

VCCircle · 9m ago

African PE firms Phatisa, Alterra acquire restaurant chain as Actis exits

Phatisa and Alterra, African private equity firms, have acquired Java House Africa, a leading East African restaurant brand, from Actis. Phatisa, based in Mauritius, specializes in food and affordable housing investments in sub-Saharan Africa. This acquisition marks a strategic expansion in the hospitality sector for the PE firms. Java House Africa, renowned for its casual dining and coffee offerings, represents a significant investment in the region's growing restaurant industry.

Trackers

Active Indian VC’s

OG Capital Email

With a hands-on approach, OG Capital aims to invest in over 20 promising...

Accel Partners Email

Early and growth-stage investments in disruptive technology companies with...

Early-stage venture capital firm investing in technology startups in India. Focus on...

Access All Trackers

Startup Showcase Winners

Sept 2025

Your Health, Simplified with Smart Care

An ecosystem for curated creative partnerships

Your Health our Priority.

Enter Ongoing Startup Showcase

Top Users

Trending News on Medial

D2C Skincare Brand Conscious Chem ...

Ceat Accelerates International Gr ...

Taking a leaf out of India, Amazo ...

Download the medial app to read full posts, comements and news.