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V Resorts to foray into Telangana, Andhra Pradesh
V Resorts, a Delhi-based startup engaged in managing resorts and properties, will enter Telangana and Andhra Pradesh by December this year. The startup manages 100 resorts in 17 states. Discussions with property developers and resorts in TS and AP are in advance stage, said Aditi Balbir, founder of startup.
Hyderabad: V Resorts, a Delhi-based startup engaged in managing resorts and properties, will enter Telangana and Andhra Pradesh by December this year. The startup manages 100 resorts in 17 states. Discussions with property developers and resorts in TS and AP are in advance stage, said Aditi Balbir, founder of startup.
“We see huge demand for managing resorts and properties in both the Telugu states. We’re discussing with property owners, resorts companies and government departments. Discussions on resorts in Vizag, Araku and few farm houses near Golconda fort are going on.
Hopefully, we’ll begin our commercial operations of managing resorts in December this year. We have already tied up for managing about 20 resorts in south India,” Aditi told The Hans India.
Aditi, a student of ISB, Hyderabad, in 2009, became entrepreneur by floating V Resorts startup with venture capital. “We raised $7mn in two phases and grew 300 percent each year during the past three years. There’s huge potential leisure business mostly driven by domestic customers. Domestic travelling is growing encouragingly and this is giving huge potential for resorts business.”
Aditi was in city to participate in the Global Entrepreneurship Summit (GES-2017) here. She said that global summit was organised very well and it’s beyond her expectations. “However, there should be some time for interacting with investors. Majority of entrepreneurs, who run startups, couldn’t find time to have a dialogue with them.
Investors coming, giving lectures and going. So, we couldn’t meet them. Startups badly need funding support. The government should have made arrangements for structured set of interactions among startups and investors.”
Centre and state governments are encouraging startups and pro-tourism policies are quite encouraging. Prime Minister Narendra Modi’s pro-tourism agenda for the country and the UNWTO declaring 2017 as the year of sustainable tourism have given further boost to tourism and domestic travelling, she said.
Aditi further added that V Resorts recruit local youth to run the resorts and practise environment-friendly policies such as water conservation and use of solar power. “Where ever we operate, we prefer to use local talent and resources. We have tie-ups with local vendors. As a result, local impact created is for roughly 75,000 people across all 100 resorts,” said Aditi.
Aditi won the CNBC TV 18 Young Turks Young Business Woman 2017 award in July 2017. She is a mentor under the prestigious Cherie Blair Foundation and has helped a Ethiopian start diagnostic clinics for women.
By Sreenivasa Rao Dasari