Eco Hotels adds three more properties, targets profitability by next FY
Eco Hotels and Resorts has acquired three more eco-friendly properties, taking the count to 178 rooms in the books of the company. The company is also on track to become profitable by the end of its next financial year.
Eco Hotels expands to Karnataka, Andhra and Maharashtra
Added to its portfolio are three properties, one of which is located in Mysore, Karnataka, and has 90 rooms, while the other two are located in Tirupati, Andhra Pradesh, and Nagpur, Maharashtra, and respectively count 44 rooms each. This makes up a total of 178 rooms added to the company’s books.
According to The Economic Times, Eco Hotels & Resorts CFO Vikram Doshi stated, “We are committed to turn the company into profit by the end of March 2026. We want to turn this company into one of the leading hotel companies of India.”
Furthermore, Eco Hotels is revolutionising eco-friendly hospitality in India, achieving remarkable success in its first year as per officials. It will now be developing hotels with zero carbon footprint as part of its sustainable hospitality play. The company will also be completing 400 rooms by the end of this month.
Company eyes to cross 400 rooms by October end
Notably, it took a giant leap with the board of directors agreeing to long-term leases in new properties. The company is almost finalising deals for purchasing hotels that are more rooms-60 in Shirdi, 72 in Jodhpur and 37 in Nagpur.
As the Eco Hotels, an asset-light company focusing on the lease model, is rapidly expanding its presence. “Our present hotel capacity will cross 400 rooms by October end, and due diligence is on for a few properties across cities,” the company said. With ambitions to become a pan-India player, Eco Hotels is aggressively growing its network. “We would like to be a pan-India player. In that pursuit, we already have properties in Rajasthan, Kerala, Maharashtra, Gujarat, Karnataka, and Andhra Pradesh,” the company added.
Looking ahead, the company has also planned to expand around 500 hotel rooms in the next five years.
In a strategic move to expand its retail offerings, Noel Tata-led Trent has launched a new standalone store format, Zudio Beauty, aimed at competing in the mass-priced beauty segment with͏͏ brands͏͏ such͏͏ as͏͏ Hindustan͏͏ Unilever‘s͏͏ Elle18,͏͏ Sugar͏͏ Cosmetics,͏͏ Health͏͏ &͏͏ Glow,͏͏ and͏͏ Colorbar.
Deepinder Goyal, cofounder and CEO of Zomato, will not be participating in the next season of Shark Tank India, as Swiggy, a competing foodtech company, has pushed for his removal under its sponsorship terms for the show.
Rail Restro, the official food delivery partner of IRCTC, has reached a remarkable milestone by serving over one crore railway passengers throughout India. To͏͏ celebrate͏͏ this͏͏ accomplishment,͏͏ the͏͏ company͏͏ is͏͏ introducing͏͏ a͏͏ special͏͏ offer,͏͏ enabling͏͏ first-time͏͏ users͏͏ of͏͏ Rail͏͏ Restro’s͏͏ services͏͏ to͏͏ order͏͏ free͏͏ meals͏͏ during͏͏ their͏͏ train͏͏ journeys.
Nearly 70% of retailers struggle to retain customers after the festive season, facing challenges such as customer drop-off and growing competition, according to a report by customer data platform WebEngage.
IPO-bound Swiggy Launches EV Fleet for bulk orders in Gurgaon
As part of its aggressive push ahead of its public listing, the firm Swiggy has launched a bulk ordering service called Swiggy XL EV for large groups in Gurgaon. This comes out after recently unveiling Swiggy ‘Bolt’, a service promising the super-fast delivery of quick-to-prepare dishes in just 10 minutes.
Swiggy fleet deliver at Haryana Election Day on launch
The company had been testing the new program for a couple of weeks, launching it on the election day of Haryana. In order to promote the launch, the Swiggy XL EV fleet has delivered 3,500 free meals to the election officials at over 580 polling booths in Gurgaon and Badshahpur. Service came free of cost to the district administration.
Sidharth Bhakoo, national business head of Swiggy Food Marketplace said, “The festival season is perhaps the best time to launch this service, when there is gaiety and joy all around, and everyone celebrates with their loved ones. Swiggy XL will ensure that there is no interruption in parties and gatherings and no delay in large orders.” Bhakoo further added, “The service has an important environmental angle as well since the entire fleet is electric and it saves multiplicity of order trips.” Swiggy’s bulk ordering service, Swiggy XL EV, is set to reach to new cities soon, Bhakoo announced.
Swiggy ‘Bolt’ – A 10 minutes delivery initiative
Following its recent launch of Swiggy ‘Bolt’, which delivers fast-cooking meals in 10 minutes, this service is now available in six cities: Bengaluru, Hyderabad, Mumbai, Chennai, Delhi, and Pune.
Additionally, the company is testing an expensive concierge membership. According to reports, subscribers can buy access to exclusive high-end experiences and events that aren’t open to the public through membership. As the company is preparing to go public, this week, shareholders of Swiggy approved increasing the fresh issue in its IPO to INR 5,000 Cr, up from initial INR 3,750 Cr.
As the festive season nears in India, The Baker’s Dozen, an artisanal bakery brand, is introducing a new gifting range that combines taste and tradition for every celebration. Celebrated͏͏ for͏͏ its͏͏ high-quality,͏͏ authentic͏͏ baked͏͏ goods,͏͏ the͏͏ brand’s͏͏ latest͏͏ collection͏͏ features͏͏ two͏͏ remarkable͏͏ gift͏͏ boxes:͏͏ the͏͏ Handcrafted͏͏ Cookies͏͏ Gift͏͏ Box͏͏ and͏͏ the͏͏ Gourmet͏͏ Celebrations͏͏ Gift͏͏ Box,͏͏ both͏͏ beautifully͏͏ packaged͏͏ for͏͏ the͏͏ season.
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