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As a strategic move, Entrepreneurship Drive’s visionary investor syndicate, led by founder Addishree, along with a consortium of experienced investors and Canadian collaborators, has launched an exclusive private investment group specifically targeting the hospitality industry. The plan starts with an investment of US$9 million (INR 74 crore).
The driving force behind this unique endeavor is dynamic serial entrepreneur and investor Sumit Govind Sharma. Sumit has over 25 years of experience in various industries in India and Dubai and has successfully launched multiple businesses, demonstrating his expertise in marketing, sales, business development, strategic planning and entrepreneurship. His latest hotel ventures include four restaurants in Mumbai: global flavors Eve in Powai and Worli, Italian restaurant Que Sera Sera in Andheri West and Indian coastal cuisine restaurant TAT in Vikroli.
The investment set aims to redefine the hospitality and tourism industry in India, with an initial focus on revitalizing the food and beverage (F&B) industry and travel and tourism – areas ripe for innovation and renaissance.
Eve: Powai and Worli’s Food Odyssey
The first beneficiary of this corpus is ‘Eve’, a fine-dining restaurant that has already made a mark in Powai and is now set to make a splash in the south Mumbai region. “Eve” will open in Worli on March 17, promising to provide a unique culinary journey that caters to the exquisite taste buds of discerning eaters and embodies the essence of new beginnings. Eve successfully launched in Powai in September 2022 and currently has monthly recurring revenue (MRR) of INR 1.8 Cr.
ImmerShiva: Elevating travel to an art form
Along with this culinary venture, the team also launched ImmerShiva, an immersive travel venture. ImmerShiva has crafted an immersive journey into the heart of India, providing a window into its rich spirituality and vibrant culture. Its mission is to transform tourism into a journey of discovery, luxury and sustainable exploration. ImmerShiva is dedicated to revealing the luxury, culture and spirituality of India.
Addishree, Founder of Entrepreneurship Drive said, “In this corpus, we believe in a differentiated approach to investment and business building. Private equity invests in large enterprises, while venture capital focuses on technology. As capital GDP grows, Indian consumers are increasingly are increasingly reliant on discretionary experiences. Our corpus brings in a syndicate of investors to partner with next-generation companies to provide capital and mentorship support to this growing segment of discerning Indian consumers. Our investment thesis combines a strong focus on equity, Calibrating growth and “improving capital efficiency through a founder-first approach. We are excited to partner with world-class founders and leverage our investment experience, insights and deep working relationships to enrich the Indian ecosystem. “
Investment entities backed by Entrepreneurship Drive are actively looking for travel technology companies and are willing to partner with global entities entering the Indian market. Shortlisted prospects include an AI-powered premium hotel booking platform and a Danish travel tech company backed by Alchemist.
Entrepreneurship Drive is an established management consultant and transaction advisory firm that has raised $1136.08 million in funding since its founding in 2020.
About entrepreneurial drive
Entrepreneurship Drive is a general management consultancy and transaction advisory firm at the forefront of transforming the entrepreneurial landscape. With offices in Mumbai, Dubai and Toronto, its unique offering – Enterprise Business Blueprints – seamlessly blends the dynamic exponential growth model of new ventures with the strong cash flow of legacy businesses.This innovative approach ensures clients have sustainability and
Scalable business model. It focuses on companies’ deal closings, M&A, secondary markets and exit strategies. Entrepreneurship Drive is currently managing over 80 ongoing projects.
Addishree is an experienced investor and entrepreneurial expert with a proven track record in sovereign funds, capital markets, private equity and angel investing. As a Wharton School alumna, she is a continuous learner who stays on top of the latest technology and innovation. Her career includes contributions to government-supported public-private partnership companies in India. In recent years, she has dedicated herself to Entrepreneurial Drive (ED), providing business and transaction advisory services, and continues to invest in numerous companies while managing a family office. She is an investor in investment technology platform Assets Positive and a partner at Agility Venture Partners. She is actively involved in the private debt of various $100 million companies. Her strength is to achieve corporate turnaround and transformation through rapid mergers and acquisitions.
Insights Focus is a marketing program for sponsored posts. No VCCircle journalists were involved in the creation of this content.
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