Latest news with #Kavikrut
The Hindu
08-05-2025
- Business
- The Hindu
T-Hub, Beyond Next Ventures India extend MoU
Startup incubator T-Hub and Japanese venture capital and innovation firm Beyond Next Ventures India (BNVI) have agreed to extend their partnership until November 2027. Building on the original MoU signed in 2023, the extended partnership will enable the launch of multiple strategic initiatives over the next five years, T-Hub said on Thursday. T-Hub and BNVI will jointly launch a social innovation programme aimed at empowering startups that address critical social and environmental issues. The programme will work in tandem with BNVI's BRAVE Accelerator, leveraging the Japan International Cooperation Agency (JICA) for funding and mentorship. Further, they will collaborate to develop a localised version of BNVI's innovation leaders' programme to cultivate a pipeline of highly skilled, science-backed entrepreneurs in India. The Indo-Japan Innovation Programme will be their third initiative seeking to facilitate closer engagement between Japanese corporations and Indian startups. T-Hub and BNVI will aim to promote establishment of global capability centres (GCCs) in India, which will serve as innovation hubs for Japanese companies looking to expand in the Indian market. This collaboration will also help Indian startups gain market access in Japan, T-Hub said. The extension of the MoU will also see BNVI operating from T-Hub's Hyderabad campus and continuing to lead innovation initiatives under the Indo-Japan Innovation Bridge and T-Bridge programmes. 'By tapping into India's vibrant startup ecosystem, we aim to co-create impactful solutions and empower local startups to expand their reach, leveraging Japan's rich experience in technology and business excellence,' said Jay Krishnan, Partner, Beyond Next Ventures. 'Our partnership with BNVI reflects our shared vision to create a more inclusive and innovative world,' T-Hub CEO Kavikrut said.
Yahoo
10-03-2025
- Business
- Yahoo
OYO elevates Sonal Sinha to CEO of newly acquired G6 Hospitality
India-based hospitality chain OYO has appointed Sonal Sinha as the CEO of G6 Hospitality, the American motel chain recently acquired from Blackstone Real Estate. The acquisition, finalised in December 2024, added 1,500 franchised hotels across the US and Canada to OYO's portfolio. The combined entity is projected to generate a gross booking value of approximately $3bn, with G6 Hospitality, which operates the Motel 6 and Studio 6 brands, contributing $1.7bn. OYO expects the integration to drive significant synergies and accelerate growth in international markets. Last October, the company appointed Sonal Sinha as chief operating officer (COO) International. A professional chartered accountant, Sinha joined OYO in 2015. He previously served as chief financial officer for International Business, where he played a key role in improving business margins and establishing financial control frameworks. In the new role, Sinha will continue to report to OYO International CEO Gautam Swaroop. OYO founder and group CEO Ritesh Agarwal said: 'Sonal has been instrumental in driving OYO's international business to new heights. His deep understanding of our operations and proven track record of enhancing business performance make him the ideal leader to spearhead G6 Hospitality while maintaining the strong momentum of our global business.' Meanwhile, OYO's chief growth officer Kavikrut is leaving the company to take over the role of CEO at Indian incubator T-Hub. Agarwal added: 'We're immensely grateful to Kavikrut for his contributions to OYO's journey. Having been with us since our early startup days, Kavikrut has helped shape our culture and growth trajectory through both challenging times and periods of great success. 'His vision and leadership have left a mark, and while we'll miss his presence, I am delighted that he has chosen to pursue a role that will add immense value to Telangana and India's tech and startup ecosystem.' "OYO elevates Sonal Sinha to CEO of newly acquired G6 Hospitality" was originally created and published by Hotel Management Network, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
