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Exclusive: Bloom Hotels to raise $9 Mn in new round

EntrackrEntrackr · 9m ago
Exclusive: Bloom Hotels to raise $9 Mn in new round
Medial

Exclusive: Bloom Hotels to raise $9 Mn in new round Delhi-based hospitality chain Bloom Hotels is set to raise Rs 77.7 crore (around $9 million) in its first funding round of 2025, with participation from Samena Capital Limited and Ikonika Holdings. Bloom Hotels' board has approved a special resolution to issue 7.77 crore compulsory convertible preference shares to raise the said amount, according to its filing with the Registrar of Companies (RoC). The proceeds will be used to fuel the company’s growth and expansion plans, the filing added. The hospitality company operates hotel brands such as Bloom Hotel, Bloom Hub, BloomSuites, and Bloomrooms. Currently, it has over 50 hotels across cities including Mumbai, Pune, Udaipur, Jaipur, and the NCR. The company has already secured around Rs 362 crore (approximately $45 million) from Samena Capital, which now holds a majority stake in the hospitality chain. Bloom Hotels is yet to file its financials for FY25. However, the company has witnessed over 5X growth in the past two years, with revenue rising from Rs 49 crore in FY22 to Rs 250 crore in FY24. It also reported a net profit of Rs 14 crore for the fiscal year ended March 2024. It competes with Treebo Hotels and FabHotels, which posted operating revenues of Rs 88.6 crore and Rs 224 crore, respectively, in FY24. It also faces competition from newer players like Salt Stayz and larger brands such as Oyo, through its Sunday Hotels.

Update: Startup hotel chains compared: Who leads on scale and profitability in India?

EntrackrEntrackr · 1d ago
Update: Startup hotel chains compared: Who leads on scale and profitability in India?
Medial

Startup hotel chains compared: Who leads on scale and profitability in India? A comparison with other startup hotel chains in the segment such as Treebo Hotels and Bloom Hotels highlights how the three players stack up in terms of scale, profitability, and cost structure. Budget hospitality chain FabHotels recently received approval from SEBI to proceed with its initial public offering (IPO). As the company prepares to tap the public markets, we take a look at startup hotel chains such as Treebo Hotels and Bloom Hotels on scale, profitability, and cost structure. However, FabHotels’ current model and revenue recognition approach make it not directly comparable with these peers. In terms of scale, FabHotels GTV stood at Rs 716 crore majorly from TravelPlus in FY25, while Bloom Hotels and Treebo reported an operating revenue of Rs 344 crore and Rs 128 crore during the same period. On the spending side, Bloom Hotels recorded the highest rent expenses at Rs 63 crore, whereas rent costs for Treebo Hotels stood at Rs 1 crore. With regards to employee benefit, FabHotels spent Rs 96 crore, followed by Bloom Hotels at Rs 86 crore and Treebo at Rs 71 crore. Treebo also reported the highest commission payouts at Rs 39 crore, compared to Rs 28 crore for FabHotels and Rs 21.5 crore for Bloom Hotels. Advertising expenses ranged between Rs 11 crore and Rs 28 crore across the companies. Overall, the total expense of FabHotels stood at Rs 730 crore, significantly higher than Bloom Hotels at Rs 337 crore while Treebo Hotels’ total expense stood at Rs 170 crore. In the first half of the ongoing fiscal year (H1 FY26), FabHotels reported operating revenue of Rs 400 crore with net profits of Rs 32 crore during the six-month period ending September 2025. On the bottom line, FabHotels reported a net loss of Rs 6.3 crore with an EBITDA loss of Rs 5 crore. Treebo Hotels recorded the steepest losses among the three, with a net loss of Rs 36 crore and EBITDA loss of Rs 35.2 crore. In contrast, Bloom Hotels emerged as the only profitable company with a net profit of Rs 15.2 crore while posting the highest EBITDA of Rs 61.5 crore in FY25. In terms of liquidity, FabHotels reported the highest current assets at Rs 191 crore, including Rs 95.5 crore in cash and bank balances. Bloom Hotels followed with current assets of Rs 119 crore, with Rs 29 crore in cash. Treebo reported Rs 30 crore in current assets, with Rs 9 crore in cash and bank balances.

Ranveer Singh-Backed Bold Care Ventures Into Women’s Wellness

Inc42Inc42 · 1y ago
Ranveer Singh-Backed Bold Care Ventures Into Women’s Wellness
Medial

- Bold Care, co-founded by Ranveer Singh, has introduced Bloom, a new brand catering to women's wellness. - Ranveer Singh, also an investor in boAt and SUGAR Cosmetics, has joined the trend of celebrities entering the wellness startup industry. - The launch of Bloom aligns with the expanding Indian smart wearables market, which is anticipated to witness a significant growth rate. - The women's wellness market is a key focus for Bold Care as it aims to cater to the specific needs and requirements of women across different life stages. - Bold Care's Bloom aims to provide comprehensive and tailored solutions for women's health and wellness needs, empowering them to live their best lives. - The collaboration between Bold Care and Ranveer Singh reflects the increasing importance of wellness and self-care in today's society.

Bloom Hotels posts Rs 250 Cr revenue in FY24; profit spikes 2.3X

EntrackrEntrackr · 1y ago
Bloom Hotels posts Rs 250 Cr revenue in FY24; profit spikes 2.3X
Medial

Hospitality chain Bloom Hotels has showcased impressive over fivefold growth in the past two fiscal years, surging its scale from Rs 49 crore in FY22 to Rs 250 crore in FY24. On a year-on-year basis, its operating revenue grew 73.6% in the fiscal year ending March 2024, while the firm’s profit spiked 2.3X. Bloom’s revenue from operations grew by 73.6% to Rs 250 crore in FY24 from Rs 144 crore in FY23, according to its annual consolidated financial statements sourced from the Registrar of Companies. The company operates hotel brands such as Bloom Hotel, Bloom Hub, BloomSuites, and Bloomrooms. Income from the room rental accounted for 85.2% of the operating revenue which surged 79% to Rs 213 crore in the last fiscal year from Rs 119 crore in FY23. The rest of the revenue came from food/beverages and other allied services which stood at Rs 33 crore and Rs 4 crore, respectively. Bloom also added Rs 8 crore primarily from the interest on deposits which pushed its overall revenue to Rs 258 crore in FY24. Currently, it has over 50 hotels located across Mumbai Pune, Udaipur, Jaipur, NCR et al. For the hospitality chain business, the cost of lease rent was the latest cost center, forming 31.5% of the overall cost. In the line of expansion, the cost grew 79% to Rs 77 crore in FY24. Notably, Bloom has entered into multiple operating lease agreements, with lease durations ranging from 5 to 44 years. These agreements encompass a mix of company-owned leased hotels and revenue-linked lease arrangements based on earnings from the leased premises. Its employee benefits and commissions to agents grew by 58% and 78% to Rs 60 crore and Rs 16 crore, respectively. Advertising, legal, and cost of food & beverages were other overheads, taking the total cost to Rs 244 crore in FY24 from Rs 144 crore in FY23. Check TheKredible for more details. The impressive scale and controlled cost boosted Bloom’s profits over two-fold to Rs 14 crore in FY24. Its ROCE and EBITDA margin improved to 6.25% and 10.08% respectively in the last fiscal year. Bloom has improved its expense-to-revenue ratio, reducing it to Rs 0.98 from Rs 1.00 in the previous fiscal year. Its total current assets stood at Rs 118 crore, including Rs 97 crore in cash and bank balances. Bloom Hotels has secured approximately Rs 362 crore (around $45 million) in funding from Samena Capital, which now holds a majority stake in the company. Its competitors Treebo Hotels and FabHotels reported operating revenue of Rs 88.6 crore and Rs 224 crore, respectively, in FY23. Both companies are yet to submit their annual reports for the last fiscal year (FY24).

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