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

News on Medial

Related News

Exclusive: FabHotels gears up for IPO, converts into public company

EntrackrEntrackr · 7d ago
Exclusive: FabHotels gears up for IPO, converts into public company
Medial

Exclusive: FabHotels gears up for IPO, converts into public company Hospitality chain FabHotels changed its status and converted itself into a public company. The board has passed a resolution and approved its conversion, a move that might signal its preparation for a public listing. FabHotels’ parent company, Travelstack Tech Private Limited (formerly Casa2 Stays Pvt Ltd), has passed a resolution to rename the entity as Travelstack Tech Limited by removing the word “Private,” according to its filing with the Registrar of Companies (RoC). Founded in 2014 by Vaibhav Aggarwal and Adarsh Manpuria, Gurugram-based FabHotels is a hotel chain operating over 1,300 properties across more than 50 major Indian cities, including Mumbai, the National Capital Region, Bengaluru, and Goa. According to startup data platform TheKredible, the company has raised around $68 million to date from investors including Accel and Goldman Sachs. Its most recent funding was a $20 million round led by Panthera Partners in September 2023. In FY25, the Accel-backed company’s revenue increased over 20% to Rs 716 crore in FY25, with narrowing losses by 45% to Rs 62.7 crore compared to Rs 114 crore in FY24. FabHotels competes directly with Treebo and Bloom Hotels. While both are yet to file their FY25 numbers, Treebo crossed Rs 100 crore in revenue in FY24, whereas Bloom Hotels saw a 73.6% rise in operating revenue to Rs 250 crore and posted a profit of Rs 14 crore.

Harajuku Tokyo Café raises $2 Mn in seed round

EntrackrEntrackr · 2m ago
Harajuku Tokyo Café raises $2 Mn in seed round
Medial

Harajuku Tokyo Café, a Japanese casual dining and quick-service restaurant (QSR) chain, has raised $2 million (Rs 19 crore) in its seed funding round co-led by Indian Angel Network (IAN) and Samved VC, with participation from LetsVenture and venture debt fund Capitar Ventures. The investment will be used to accelerate expansion, strengthen operations, and support the company’s entry into new cities. The round follows Harajuku’s Mumbai debut at Jio World Drive, BKC, where Harajuku Tokyo Café and Harajuku Bakehouse received strong customer response in July 2025. Founded in 2021 by Gaurav Kanwar, the firm operates through two formats: a full-service café and a quick-service Bakehouse. Backed by a central kitchen in Delhi NCR that handles most of the preparation, the brand ensures consistency and faster service. With seven outlets currently across Delhi NCR and Mumbai, Harajuku claims to have achieved annual recurring revenue of over Rs 30 crore. It now plans to scale to 90 outlets across 20 cities and cross Rs 200 crore in revenue by 2027, with letters of intent already signed for locations in Delhi NCR, Mumbai, Ludhiana and Chandigarh. The firm is also diversifying into the packaged food space with its D2C vertical, KoiKoi Essentials, offering ramen kits, sauces, and frozen meals. Harajuku competes with other Asian dining chains such as Shizusan, Mamagoto, and Kofuku.

Stable Money raises $20 Mn led by Fundamentum

EntrackrEntrackr · 5m ago
Stable Money raises $20 Mn led by Fundamentum
Medial

Bengaluru-based wealthtech platform Stable Money has raised $20 million (Rs 173 crore) in a funding round led by Fundamentum Partnership and participation from existing investors Z47, RTP Global, and Lightspeed. Aditya Birla Ventures also joined the round. The company had previously raised $20 million across Series A and Seed rounds. The proceeds will be used to expand its product suite, onboard new banking partners, and scale distribution. The company aims to add at least eight more banks and NBFCs in 2025. Founded in 2022 by Saurabh Jain and Harish Reddy, Stable Money enables users to invest in fixed-return products like fixed deposits (FDs), recurring deposits, secured credit cards, and bonds. It currently partners with eight banks and two NBFCs, including IndusInd Bank, South Indian Bank, Slice SFB, Ujjivan SFB, Unity SFB, and Suryoday SFB. The platform has over 150,000 users and more than Rs 3,000 crore in assets under management. For the fiscal year ended March 2024, it reported an operating income of Rs 35.3 lakh and a net loss of Rs 12.29 crore.

FabHotels reports Rs 219 Cr revenue and Rs 5 Cr loss in FY23

EntrackrEntrackr · 1y ago
FabHotels reports Rs 219 Cr revenue and Rs 5 Cr loss in FY23
Medial

Casa2 Stays-owned FabHotels has been keeping itself under the radar for the past couple of years and the firm’s sheer focus on execution appears to have paid off well in the last fiscal year. The 10-year-old company registered 48% growth in its income during FY23 and reduced losses, inching closer to profitability. FabHotels’ revenue from operations spiked to Rs 219 crore in the fiscal year ending March 2023 from Rs 148 crore in FY22, its annual financial statements filed with the Registrar of Companies show. FabHotels is a chain of budget hotels with more than 600 properties in over 50 cities in India. Revenue from bookings formed 75% of the firm’s total operating collection which grew by 30.2% year-on-year to Rs 164 crore in FY23. The rest of the income came from sales and marketing fees. The company also has an income of Rs 12 crore from non-operating activities. Head to TheKredible for a detailed revenue breakup. The cost of accommodation formed 59% of the overall expenditure which increased by 30.8% to Rs 140 crore in FY23 from Rs 107 crore in FY22. Its employee benefits, commissions, brokerage, website development, legal/professional, and other overheads pushed FabHotels’ total cost by 47.5% to Rs 236 crore in FY23. Check TheKredible for a complete expense breakdown. The notable growth in scale and controlled cost mechanism helped FabHotels reduce its losses by 16.7% to a mere Rs 5 crore in FY23. Its ROCE and EBITDA margin improved to -33% and -1.7% respectively. On a unit level, the firm spent Rs 1.08 to earn a rupee in FY23. FY22-FY23 FY22 FY23 EBITDA Margin -4% -1.7% Expense/₹ of Op Revenue ₹1.08 ₹1.08 ROCE -40% -33% FabHotels has raised $65 million across rounds and was last valued at around $141 million. According to data intelligence platform TheKredible, Accel is the largest external shareholder with 21.39% followed by Goldman Sachs and Panthera Growth Partners which command 20.52% and 10.64% respectively. Its co-founders Vaibhav Aggarwal and Adarssh Mnpuria together own 25.84%. FabHotels directly competes with Oyo, Treebo and several mid-segment independent chains. IPO-bound Oyo posted a revenue of Rs 5,464 crore in the last fiscal year while its losses stood at Rs 1,286 crore. Accor-funded Treebo Hotels reported Rs 89 crore income and Rs 3.6 crore loss during the fiscal year ending March 2023. Small is beautiful acquires a whole new meaning to FabHotels and its improving financials. The firm has had to build and survive challenges like the pandemic the hard way, and deserves credit for making it this far. Without the benefit of a generous backer like Softbank, Fabhotels has clearly made every rupee sweat harder to get where it has. With enough headroom for growth with its model, we believe the firm will see much better days ahead.

Deep-tech startup Contineu raises $1.2 Mn led by SenseAI Ventures

EntrackrEntrackr · 5m ago
Deep-tech startup Contineu raises $1.2 Mn led by SenseAI Ventures
Medial

Deep-tech startup Contineu has raised $1.2 million in a seed funding round led by SenseAI Ventures along with participation from Piper Serica Angel Fund. The proceeds will be used to build the AI-powered vertical data infrastructure stack for the construction industry, automating quality monitoring, compliance checks, and site-level visibility at scale, Contineu said in a press release. Co-founded in 2023 by Harshil Naik and Kanao Ramesh, Contineu eliminates the need for manual data entry on job sites through a proprietary platform that combines helmet-mounted 360° cameras with 3D computer vision models. The system automatically captures on-site visuals and converts them into structured insights, beginning with QA/QC detection and documentation. According to Contineu, its AI pipeline consistently exceeds state-of-the-art (SOTA) benchmarks on construction datasets, enabling high-accuracy defect and non-compliance detection, automated documentation, and execution insights—without human input. The platform claims that it is already seeing early enterprise adoption in India and abroad, with a growing sales pipeline and product-market fit signals emerging. Contineu aims to build the vertical AI data stack for construction, and it is enabling global infrastructure players to make smarter, faster decisions on-site.

Stride Green raises $3.5 Mn in seed round

EntrackrEntrackr · 5m ago
Stride Green raises $3.5 Mn in seed round
Medial

Stride Green raises $3.5 Mn in seed round Gurugram-based climate-tech platform Stride Green has raised $3.5 million in a seed funding round led by Micelio Technology Fund and Incubate Fund Asia, along with participation from other strategic investors. The proceeds will be used to expand the team, enhance its technology platform, and support its growth across India's clean energy transition sectors, including electric mobility, battery storage, and renewable energy. Founded by Ishpreet Gandhi and Vivek Jain, Stride Green provides asset financing and lifecycle management solutions tailored for sustainable businesses. It uses its proprietary tech stack to offer real-time analytics, alerts, and operational insights aimed at improving asset performance and longevity. The platform currently manages over 3,000 cleantech assets and collaborates with original equipment manufacturers and logistics firms. Stride Green facilitates leasing and financing solutions for these sectors, enabling companies to scale sustainably. Stride Green is also planning geographical and vertical expansion to deepen its role within the climate-tech space.

MangoPoint raises $1 Mn in pre-Series A round led by IPV

EntrackrEntrackr · 3m ago
MangoPoint raises $1 Mn in pre-Series A round led by IPV
Medial

MangoPoint raises $1 Mn in pre-Series A round led by IPV Chennai-based agritech exporter MangoPoint has secured $1 million in a pre-Series A funding round led by Inflection Point Ventures (IPV), with participation from The Chennai Angels, Native Angel Network, Keiretsu Forum India, Fondation Botnar, IIM-CAN, Metis Family Office, and JITO Incubation and Innovation Foundation. The fresh funds will be used to scale infrastructure, expand into new markets, strengthen backend operations, and diversify product offerings. Founded in 2018 by Manjula Gandhi Rooban and Prasanna Venkatarathnam, MangoPoint is a premium exporter of chemical-free, single-origin Indian mangoes and processed mango products, primarily serving North America and Europe. The startup handles over 2,000 metric tonnes of mangoes annually and plans to scale this tenfold to 20,000 MT in the coming years. It has APEDA and NPPO-recognized packhouses, and FDA clearance for exports to key international markets. As per the market research, the global mango industry is valued at $60 billion, with India contributing $20 billion, growing at 4.9%–8% CAGR.

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