The vibrant city of Mumbai is poised for a culinary and travel revolution as the hospitality sector receives a monumental boost with the unveiling of a Rs 74 Crore Fund dedicated to startups. Spearheaded by a consortium of investors, this exclusive private investment corpus marks a significant investment of $9 million (INR 74 crores) aimed at reshaping the narrative of hospitality and travel in India.
Culinary Delights Await with ‘Eve’
Leading the charge as one of the fund’s initial beneficiaries is ‘Eve,’ a premier casual dining establishment that has already left its mark in Powai and now aims to captivate South Mumbai. With its recent debut in Worli on March 17th, ‘Eve,’ under the guidance of key investor Sumit Govind Sharma, promises an unparalleled gastronomic journey. Embracing the essence of new beginnings, ‘Eve’ caters to discerning diners with its exquisite offerings, having already achieved a monthly recurring revenue (MRR) of INR 1.8Cr since its successful launch in September 2022.
ImmerShivaa: Embarking on Experiential Travels
In tandem with the culinary venture, the fund introduces ImmerShivaa, an immersive travel enterprise dedicated to crafting transformative journeys into the heart of India and beyond. Led by Mr. Prasad Nair, ImmerShivaa seeks to redefine tourism as a voyage of discovery, luxury, and sustainable exploration. With a mission to uncover the essence of luxury, culture, and spirituality, ImmerShivaa promises to offer travelers a window into the spiritual richness and vibrant culture of various destinations.
Founders Embrace the Vision
Reflecting on the initiative, Addishree, Founder of Entrepreneurship Drive, highlights the differentiated approach of the fund towards investment and business building. By bringing together investor syndicates to support next-gen companies catering to the growing discerning Indian consumer segment, the fund aims to enrich the Indian ecosystem while prioritizing equity, growth, and founder empowerment.
As Mumbai embraces this wave of innovation and resurgence in the hospitality sector, residents and travelers alike can anticipate a redefined landscape of dining and travel experiences, setting the stage for a dynamic era of indulgence and exploration.
