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By Author
Published on October 19, 2023
Travel giant Yatra is painting the town red with its impressive Q1 FY24 numbers, boasting a 24% YoY revenue increase. With an EBITDA margin sitting pretty at 16% and a net profit of INR 60 million, up 3% YoY, it's clear - Yatra is not just in the game; it's leading it.
Operational Highlights
Air travel is taking off, and Yatra is the captain of this ship, reporting its strongest quarter in air bookings since Covid-19 clouded the skies. With a 41.5% YoY increase, outshining the industry's 14.8% growth, Yatra is soaring high. Moreover, the addition of 19 new corporate accounts fortifies its presence in the corporate travel terrain, pushing its annual billing potential to a whopping INR 1,510 million.
Financial Footnotes
A net profit of INR 60 million, marking a 3% YoY growth, has set the stage. Although it witnessed a 33% drop from Q4 FY23, the robust 24% YoY increase in operating revenue overshadows the sequential decline. However, the debut of Yatra’s shares on the Indian stock exchanges remained muted.
A Closer Look at the Numbers
The revenue tally from the Hotels and Packages business hit INR 448 million, up 17.6% compared to last year, echoing the revival of domestic travel and strategic additions of new distribution partners. Yet, a watchful eye on a 24% spike in total spending, with employee benefits and service costs marking the notable upticks, balances the narrative.
CEO's Insight
Dhruv Shringi, the man at the helm, attributes the robust start of FY24 to significant market share acquisition, underscored by the stellar growth in air travel bookings. The addition of new corporate customer accounts underlines the potency and leadership of Yatra’s Corporate Travel SaaS platform, adding another feather to its already embellished cap.
Stock Market Ballet
Yatra's shares, having made a soft landing on the Indian bourses, witnessed a dip post the Q1 FY24 results announcement. However, with a revenue narrative that’s as robust as Yatra’s, every ebb is a prelude to a potential flow.
Unfolding the Next Chapter
As Yatra waltzes into the future, with the echoes of a strong Q1 FY24 playing the background score, the travel maestro is not just hitting the right financial notes but is orchestrating a narrative of resilience, growth, and unyielding ascent. In the dynamic ballet of numbers, profit margins, and share prices, Yatra is not just a performer; it’s the choreographer, composing a symphony of growth, resilience, and unwavering ascendancy in the pulsating world of travel and hospitality.
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By Hariharan U
Published on April 19, 2026
IndiGo Ventures has made a strategic equity investment of Rs 10 crore in Sarla Aviation, marking an early step toward building India’s first nationwide air taxi network.
The investment, which was part of Sarla Aviation’s previous funding round led by Accel and Nikhil Kamath, signals a deeper alignment between aircraft manufacturing and airline operations in India’s emerging urban air mobility space.
The partnership aims to address a long-standing gap in India’s mobility ecosystem, the middle-distance segment. While short-distance travel is handled by road and metro systems and long-distance routes by railways and airlines, journeys in the 30–300 km range remain inefficient and time-consuming.
Electric vertical take-off and landing (eVTOL) aircraft are being positioned as a solution to this gap. These aircraft are designed to operate quietly, without the need for runways, and at lower costs compared to helicopters, potentially transforming how people move across cities and nearby regions.
Sarla Aviation brings the hardware capability to the partnership, with a hybrid-electric eVTOL platform tailored for Indian conditions. The company has built one of India’s largest private eVTOL demonstrators and is backed by a team with experience across global players such as Lilium, Volocopter, Beta Technologies, and Joby Aviation.
On the other hand, IndiGo contributes operational scale and infrastructure. As India’s largest airline, it operates over 2,000 daily flights across more than 85 airports, offering a strong backbone for future commercial deployment, along with maintenance, distribution, and safety expertise.
The company said the investment goes beyond funding, representing a strategic move to create an aligned OEM-operator ecosystem, something that has not yet existed in India at this scale. Globally, similar models have been seen with airlines like United Airlines investing in Archer Aviation, Delta Air Lines backing Joby Aviation, and American Airlines partnering with Vertical Aerospace.
Adrian Schmidt, Co-founder and CEO of Sarla Aviation, said the partnership marks a turning point for India’s mobility future. He noted that IndiGo’s backing adds credibility and scale to the vision of making air mobility more accessible and efficient for everyday use.
Founded in 2023 by Rakesh Gaonkar and Adrian Schmidt, Sarla Aviation is headquartered in Bengaluru and is named after Sarla Thukral. The company is focused on building advanced aircraft systems for intra- and inter-city travel.
Its flagship programme includes a six-seater electric flying taxi designed to significantly reduce travel time in congested urban centres such as Bengaluru, Mumbai, Delhi, and Pune. The aircraft is being developed with a focus on safety, affordability, and ease of use, with the aim of making air mobility as seamless as app-based ride-hailing services.
As India looks to address growing congestion, rising demand density, and evolving transportation needs, this collaboration could play a key role in shaping the next phase of aviation-led mobility in the country.
Specialty coffee brand Cohoma Coffee has raised Rs 5 crore in a seed funding round led by Inflection Point Ventures along with Swishin VC, as it looks to strengthen its manufacturing capabilities and accelerate global expansion.
The company plans to utilise the fresh capital to scale production and expand its presence in international markets. Positioned in India’s growing specialty coffee segment, Cohoma has built a fully integrated model that controls the entire coffee journey, from sourcing beans to manufacturing brewing machines.
Cohoma Coffee offers one of the widest ranges of equipment-free specialty coffee products in India. Its portfolio is designed for convenience, allowing consumers to prepare coffee in under a minute without requiring specialised tools. The brand also claims to offer the country’s only naturally flavoured brews made without added sugar or preservatives.
The company sources coffee beans from regions across India, Africa, and South America, enabling a diverse range of blends, including rare naturally infused varieties. Alongside roasting, it also manufactures its own super-automatic machines catering to hospitality and corporate clients.
Commenting on the investment, Vinay Bansal, Founder and CEO at Inflection Point Ventures, said the brand has created a distinct position in India’s specialty coffee market by owning the entire value chain. He highlighted the company’s focus on convenience-led innovation and its growing repeat customer base as key strengths supporting its expansion plans.
Cohoma has also introduced grind-on-demand café kiosks in premium retail locations, offering customers over 15 coffee options with guided assistance to find their preferred brew. Its omnichannel strategy spans retail stores, e-commerce platforms, and partnerships with hotels, corporate offices, cafés, and multiplexes.
The brand provides turnkey coffee solutions for the hospitality sector, ensuring consistent quality across formats. According to the company, this focus on experience and reliability has helped it achieve a repeat customer rate of over 90 percent.
Kanika Birla, Founder of Cohoma Coffee, said the company’s aim has been to make specialty coffee more accessible without the usual complexity. She added that the new funding will help strengthen manufacturing capabilities while expanding globally, as the brand continues to focus on delivering a high-quality coffee experience across different consumption occasions.
Published on April 11, 2026
DYN at Hilton Bangalore Embassy GolfLinks ushers in the season of new beginnings with a thoughtfully curated Harvest Feast, celebrating India’s diverse regional New Year traditions this April.
Marking the spirit of harvest and renewal, the experience brings together the essence of Baisakhi, Pohela Boishakh, Tamil Puthandu, and Vishu, offering guests a culinary journey across the country through festive flavours and shared traditions.
The specially curated spread highlights robust Punjabi classics such as Amritsari Chole, Dal Bukhara, and Tandoori Murgh, alongside popular favourites like Paneer Tikka and Jeera Pulao, capturing the hearty and celebratory spirit of Baisakhi.
Drawing inspiration from Bengal’s New Year festivities, the menu features dishes like Basanti Pulao and Cholar Dal, known for their aromatic and festive appeal. Southern traditions are equally showcased with comforting preparations inspired by Puthandu and Vishu, including Avial, Sambar, and Vegetable Thoran, complemented by coconut-rich accompaniments that define South Indian festive dining.
The experience concludes on a sweet note with traditional desserts such as Pinni and Phirni, evoking nostalgia and the warmth of celebratory gatherings across regions.
Set in a relaxed and inviting ambience, the Harvest Feast offers a meaningful way to celebrate the season—whether with family, friends, or simply in appreciation of India’s rich culinary diversity.
Blending regional authenticity with contemporary hospitality, DYN presents a dining experience that reflects the joy of togetherness and the promise of new beginnings.
Event Details:What: Harvest New Year FeastWhere: DYNDate: April 13 – April 15, 2026Time: 12:30 PM – 3:00 PM
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