HotelYaari, a fractional ownership platform for holiday homes and hotel suites, has secured $2.17 million (Rs 18 crore) in seed funding from Alios Ventures. The investment will be disbursed in three equal installments over the next three quarters. HotelYaari was founded in May 2023 by Janardan Tiwari, former Founder and CEO of DataTrained. The platform allows the middle class to invest in holiday homes and hotel suites through fractional ownership. This concept is similar to popular models like Pacasso in the US and Kocomo in Mexico, which make property ownership more affordable for individuals who cannot purchase whole properties.
Shopify Partners with CRED to Expand Payment Options for Merchants
CRED, a community of creditworthy individuals, brands, and institutions, has partnered with Shopify to offer enhanced payment options for merchants on the Shopify platform. Through CRED Pay integration, Shopify merchants can boost their sales by 40% and provide seamless transactions, rewards, and preferred payment choices to CRED members. During the first 30 days, there will be no fees for merchants using CRED Pay, and they can curate exclusive benefits and rewards for CRED members. CRED Pay is already live on several leading Shopify merchants, including Giva, Snitch, Suta, HEADS UP FOR TAILS, XYXX, Superkicks, and more.
GoKwik Saves Ecommerce Brands Over Rs 130 Crore in RTO Losses
GoKwik, an ecommerce enabler, has helped brands on its network save up to Rs 130 crore in losses from return to origin orders (RTO) in 2023. GoKwik’s interventions have prevented over 16 lakh orders from becoming RTOs, resulting in logistics cost savings of Rs 24 crore. The platform employs various risk-based interventions to predict and prevent RTOs, ultimately reducing inventory blockage. Electronics and fashion brands have seen significant reductions in Cash on Delivery (COD) RTOs, with many expanding their COD serviceability and improving performance through GoKwik’s solutions.
myBiz by MakeMyTrip Partners with Darwinbox
myBiz, a corporate travel solutions brand from MakeMyTrip, has partnered with Darwinbox, a cloud-based integrated Human Resource (HR) platform. This alliance aims to integrate travel solutions and HR processes for corporates, creating an automated throughline across travel reservations, HR protocol compliance, expense management, and GST resolution. The partnership promises improved operational efficiency, data-driven decision-making, and streamlined expense reporting for enterprises. Employees will benefit from a transparent and time-saving travel booking process that adheres to policies.
Green Frontier Capital and Companion Capital Announce Partnership
Green Frontier Capital, an early-stage VC fund with operations in India and the US, has formed a strategic partnership with Companion Capital, a growth equity climate initiative. This collaboration is particularly beneficial for startups and companies in the climatetech space, as it provides access to capital beyond the Series A funding round. By combining growth equity expertise with early-stage startup support, the partnership aims to accelerate the adoption of innovative solutions and facilitate a swift transition to a low-carbon economy. Startups will gain access to resources, mentorship, and capital across multiple stages of their life cycles.
– HotelYaari raises seed funding of $2.17M from Alios Ventures
– Shopify partners with CRED to expand payment options for merchants
– GoKwik has helped ecommerce brands save over Rs 130 Cr worth of RTO losses in 2023
– myBiz by MakeMyTrip partners with Darwinbox
– Green Frontier Capital and Companion Capital announce partnership