Founded in 2023 and based in Noida, India, NapTapGo operates under the legal entity StayPocket Pvt. Ltd.

Nitin Malhotra: Founder and CEO, with a background in appliance care services and previous experience as CEO of 247around.

NapTapGo aims to revolutionize the hospitality industry by offering compact, capsule-like accommodations designed for short-stay travelers. The startup plans to integrate artificial intelligence (AI) and the Internet of Things (IoT) into its facilities to enhance hygiene, quality, and customer experience.

Balmer Lawrie's Investment and Strategic Vision

This investment is part of Balmer Lawrie's annual startup fund programme, which aims to support innovation and the startup ecosystem in alignment with India's Startup India initiative. The company has partnered with IIM Lucknow's Enterprise Incubation Centre to provide startups with incubation support, mentorship, and industry connections.

Balmer Lawrie's Chairman and Managing Director, Adhip Nath Palchaudhuri, stated, "We firmly believe that investing in innovation and supporting emerging entrepreneurs will contribute significantly to nation-building."

Our Opinion on the News

Balmer Lawrie's strategic investment in NapTapGo reflects a growing recognition of the potential within the affordable luxury segment of the hospitality industry. By supporting startups that leverage AI and IoT, Balmer Lawrie is positioning itself at the forefront of technological integration in hospitality services. This move not only diversifies Balmer Lawrie's investment portfolio but also aligns with broader governmental initiatives to promote innovation and entrepreneurship in India. For NapTapGo, the infusion of capital and the endorsement from a reputable PSU can accelerate its growth and expansion plans, potentially setting a precedent for similar collaborations in the future.

Source : PSU Watch