NapTapGo, a budget hospitality startup known for its capsule-style stays, has raised Rs 8 crore in a seed funding round led by Inflection Point Ventures, a Gurugram-based angel investment platform.
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The startup will use the raised capital to support its expansion through a capital-efficient co-investment model with local partners, while the company continues to retain complete operational control over every property.
Founded by Nitin Malhotra (Founder & CEO) and Himanshu Shukla (Co-Founder & VP Operations), the Shark Tank India-featured startup currently operates in Noida, Amritsar, and Katra. Separately, NapTapGo has signed an MoU with HPCL to explore pod hotels at highway transit points.
“Domestic travel in India is on the rise, and with it, the demand for stays that are clean, affordable and easily accessible is growing. Yet, a large gap still exists between expensive hotels and the inconsistent experience often associated with budget accommodation. NapTapGo is addressing this gap with a format that is particularly relevant for today’s transit and solo travellers, who may need a quality stay for a few hours, overnight or even at the last minute,” said Vinay Bansal, Founder & CEO, Inflection Point Ventures.
Commenting on the investment, Nitin Malhotra, Founder & CEO, NapTapGo, said, “Having IPV invest in NapTapGo again is a strong vote of confidence in both our execution and the value that NapTapGo adds to travelers. For an early-stage startup with a small team, having investors with whom you can discuss not only fundraising, but also key commercial decisions are invaluable. Vinay has been one of those trusted sounding boards, bringing an objective third perspective at critical moments.”
NapTapGo currently runs three properties with 130+ pods, has hosted over 10,000 guests. The startup said that the next phase of growth will combine company-owned properties with co-invested franchise units, though operations will continue to be managed in-house, a deliberate choice to keep the guest experience consistent as the brand scales.