NapTapGo, a New Delhi, India-based capsule hotel startup, raised $500K in Pre-Seed funding from T9L Qube.
The company intends to use the funds to expand operations and its development efforts.
Co-founded by Nitin Malhotra and Himanshu Shukla, NapTapGo is targeting the $20 Billion budget hotel market in India. With the ambition to make travel ad luxurious stays accessible and affordable for everyone, they have introduced this concept of spacious pods in the country that prioritize cleanliness and quality, providing customer experience. These compact, capsule-like pod hotels are designed for short-stay travellers with all basic amenities.
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.
FinSMEs
04/03/2025