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Balmer Lawrie makes equity funding in NapTapGo

03 Jan 2025 Evaluate

Balmer Lawrie & Company has made an equity funding of Rs 1 crore in NapTapGo, a highly innovative Startup in the hospitality segment. NapTapGo is poised to revolutionise the hospitality industry with its unique concept of affordable yet luxurious pod hotels, offering quick, high-quality stay across India. The Startup is innovatively integrating AI and IoT into its facilities to enhance hygiene, quality, and customer experience.

As part of the Government of India's Startup India program, Balmer Lawrie is committed to supporting the Startup ecosystem and promoting innovation through its annual Startup Fund program. In this journey, Balmer Lawrie has partnered with IIM Lucknow EIC, a top-tier incubator, to provide Startups with incubation support, mentorship and industry connections.

Balmer Lawrie & Company is a Government of India Enterprise engaged in diversified business with presence in both manufacturing and service businesses. The company is engaged in the business of Industrial Packaging, Greases & Lubricants, Leather Chemicals, Logistic Services and Infrastructure, Refinery & Oil Field and Travel & Vacation Services in India.


Peers
Company Name CMP
Grasim Industries 3067.50
DCM Shriram 916.70
3M India 32111.10
Hindustan Foods 575.30
Balmer Lawrie & Co 161.25
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