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hospitality

This image is a promotional banner for Olive, featuring a stylized graphic design. The banner includes an illustration of a bellhop pushing a luggage cart loaded with two oversized bags of money, emphasizing the company's revenue growth. The background is divided into bold sections of yellow and magenta, creating a vibrant contrast. On the right side of the image, there's the Olive logo, which includes a stylized sun motif in purple, adding to the brand's identity. The overall design is playful and colorful, highlighting Olive's prosperity in the hospitality industry.

Olive Hospitality's Revenue Jumps 76% to ₹51 Cr in FY24

By
Anurag Trivedi

Olive, a startup in the hospitality sector supported by Embassy Group, reported a substantial revenue increase of 76% this fiscal year, achieving ₹51 crore. Established in 2019, Olive manages a variety of properties including co-living spaces and hotels located in major cities like Bengaluru, Mumbai, and Goa. The company's revenue boost is primarily due to an expanded portfolio and enhanced room pricing strategies. Olive caters to a diverse clientele, ranging from students to luxury travelers, and plans to continue its growth trajectory with potential fundraising initiatives to support further expansion.