The post India’s first pod hotel startup NapTapGo raises $500K appeared first on My Startup World - Everything About the World of Startups!.
]]>An Indian startup specializing in pod hotels, NapTapGo is targeting the $20 billion budget hotel market in India. With an ambition to make travel ad luxurious stays accessible and affordable for everyone, they have introduced this unique concept of spacious pods in the country that prioritize cleanliness and quality, providing exceptional customer experience. These compact, capsule-like pod hotels are designed for short-stay travellers with all basic amenities. Recently veteran Industrialist Anand Mahindra praised NapTapGo and described the Japanese style pod hotel as “pretty cool”. He triggered a discussion about budget travel in India and took the internet by storm.
Fahad Moti Khan and Gaurav Gaggar, co-founders of T9L Qube, expressed their confidence in this innovative concept, stating that pod hotels represent a groundbreaking and unique development in the hospitality sector. These accommodations are ideal for guests looking to rest for a few hours, offering an affordable and luxurious option, even for solo travellers. The growing demand for accommodations near religious sites is significant, and we believe that these pods will be a game changer in meeting the needs of religious travellers by providing clean, hygienic, and comfortable stays at an affordable price.
T9L majorly focuses on incubating, accelerating, and essentially onboarding startups that have high growth potential, after strategizing and consulting with onboarded partners and/or advisors, conducting proper due diligence, and private negotiations. This approach provides early-stage startups access to essential networks and top talent in crucial areas like product development, narrative, branding, growth, policy, fundraising, and technology- resources that many startups need in their infancy. T9L Qube reduces the risk associated with the startup journey by supporting early ventures in the aforementioned vital areas. This approach has helped previous studios achieve a success rate of over 50% in an industry where the average is close to 10%.
Nitin Malhotra and Himanshu Shukla, co-founders of NapTapGo, said, “Our vision is to be the most preferred option in the affordable hotel segment by offering flexible stays and a superior customer experience. Our accommodations are ideal for solo travelers, working professionals, and frequent flyers aged 25 to 60 who seek convenient, affordable, and high-quality stays near IT hubs and religious locations. Our partnership with India’s leading venture studio, T9L Qube, will provide incubation support and mentorship, driving innovation in the hospitality sector.”
Capturing the niche pod hotels segment in the Indian market, NapTapGo projects the inclusion of over 80 new pods in the next 5 years with a projected revenue of 100 crore. They are implementing growth and expansion plans by adopting a company-operated franchise model across major cities in India. The company is looking for franchisees with commercial spaces ranging from 3,000 to 5,000 square feet, ideally located in city centers with high foot traffic.
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]]>The post Strategi Advisors and T9L Studio to strengthen the startup ecosystem in the UAE appeared first on My Startup World - Everything About the World of Startups!.
]]>As a Co-Founder, T9L’s Plug and Play model provides an intimate support system that brings together the product, brand, design and data skills with a syndicate of partners and investors that support entrepreneurs under Strategi Advisors Startup Studio initiative. T9L have created more than 50 startups with a success rate of 80% and cumulative portfolio value of USD600 million.
Mana Sultan Al Suwaidi, Founder of Strategi Advisors and Strategi Startup Studio said, “T9L, as the complimentary skill partner for the upcoming UAE Startup Ecosystem will act as our initial Technology Co-Founder and subsequently help form a technology team and leadership to further scale the new ventures ads as well as offer technology infrastructure and efficiency in all areas of business.
Fahad Moti Khan, Founder & CEO of T9L said, “Startup Studio is a more intimate engagement model compared to conventional accelerator/incubator setups leveraging strategy, product execution skills and access to network. It mitigates known risks for the entrepreneurs and they have a much better likelihood for success. It is specially effective in nascent startup markets like SE Asia and UAE. We value the deep understanding Strategi has of the operating markets, brand building, and their grasp of how startup ecosystems work thus we are excited to partner with Strategi to bring this vision to life.”
“If you look at the growth of big startups hubs, what is common to them is access to market, availability of talent and institutional support. UAE is the most cosmopolitan nation in the region with a wide pool of home-grown and expat talent. There is a big addressable business and consumer market around the nation,” added Fahad.
“Institutionally, the various governments in the region have taken encouraging steps to help entrepreneurs operating from the region. With all the ingredients in place, we feel that a potent spark is all that is needed to kick-start a very interesting phase of the region. It is a phase where the economy takes it’s first step towards innovation led growth evolving from the current asset and services driven approach. Together with Strategi we realised that the time is right to start that process and hopefully play a key role in this exciting new phase of the nation,” Fahad enthused.
The joint venture between T9L and Strategi Startup Studio will support innovative and forward-thinking visionaries to be part of the entrepreneurship ecosystem in the UAE and will encourage startups to aim higher in terms of visibility and impact on the global stage.
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