LEWES, Del.–(BUSINESS WIRE)–Airalo, the world’s first and largest eSIM provider, today announced a $220m investment led by new investor, CVC. The investment includes new growth capital valuing Airalo at over $1 billion, marking its status as the industry’s first unicorn. Driven by surging global demand, Airalo has continued its rapid expansion and now serves over 20 million travelers across 200+ destinations. With a new app experience and unlimited data plans launching this summer, Airalo is setting a new standard for global connectivity. Airalo’s mobile app empowers travellers to instantly get the highest quality roaming experience when abroad, at prices that are a fraction of what they would normally pay.

As millions of users rely on Airalo to stay connected abroad, the company is scaling faster than ever, and this latest funding will further accelerate its growth. The investment includes $185m from lead investor CVC (through its CVC Asia Fund VI), with participation from existing investors Peak XV and Antler Elevate. This new capital will fuel the continual improvement of the customer experience, including enhanced user support, new products and better value for money. Airalo will also use its industry-leading platform to provide connectivity to companies, both for the needs of their employees and their customers.

“This funding is a major milestone, not just for Airalo, but for the future of global connectivity,” said Ahmet Bahadir Ozdemir, CEO and co-founder of Airalo. “This raise allows us to drive innovation across every part of the user journey by delivering more flexible plans and a faster, more seamless experience. We’re not just enabling better eSIM solutions for travel – we’re building the infrastructure for the next generation of international mobile connectivity.”

“We are thrilled to partner with Airalo — the clear category leader in travel eSIMs and a pioneer in redefining how travelers connect worldwide,” said Siddharth Patel, Managing Partner at CVC. “The digital travel eSIM market, whilst already worth US$1 billion, is at the very early stages of becoming the main method by which consumers can receive the highest quality experience abroad, at a much lower price than they pay for roaming today. Airalo, with a highly scalable digital model grown primarily through organic channels, is best positioned to deliver superior value and customer experience for global travelers. We look forward to supporting Bahadir and the Airalo team.”

Airalo continues to expand its connectivity offerings to provide a full suite of options for every traveler. Starting in July, the company will offer the market’s most extensive range of eSIM data bundles, whether it’s for business or pleasure—ranging from 1 GB plans ideal for quick trips and layovers to 30-day unlimited data bundles for travelers with heavier data needs. Additionally, Airalo is introducing dedicated data, text, and voice packages in select destinations to allow users to truly “connect like a local.” Beyond these new packages, Airalo will soon roll out a new in-app experience across web, iOS, and Android to further improve the user journey.

The company is also scaling its enterprise platform to meet rising demand from businesses and partners. Airalo for Business provides companies with a streamlined platform to manage global connectivity for their teams—helping them assign eSIMs, control budgets, and reduce roaming costs by up to 90%. For partners, Airalo’s White Label solution makes it easy to launch a fully branded eSIM store in minutes, unlocking new revenue opportunities with minimal effort. Airalo also offers API integrations, reseller tools, and voucher programs to enable any partner to offer travel connectivity to its users. These offerings, along with a new eSIM capability launching soon, reflect Airalo’s commitment to building the infrastructure that powers modern, mobile-first businesses everywhere.

India, 14th July 2025: Marriott International is delighted to announce that Ranju Alex, Regional Vice President, South Asia has been conferred the Bharat Gaurav Award 2025, at a stellar ceremony hosted at the House of Commons, British Parliament in London. This national level honor recognizes individuals who have made significant contributions towards nation building through their professional excellence and personal integrity. This award comes with a legacy of esteemed awardees such as Sri Sri Ravi Shankar, Gaur Gopal Das, and Indra Nooyi.

Held annually, the Bharat Gaurav Awards celebrates those who exemplify leadership, innovation, and commitment to societal impact. This year, Ranju was recognized not only for her stellar contribution to the hospitality sector but also for her unwavering focus on diversity, inclusion and people-first leadership.

With almost three decades of experience in the hospitality industry, Ranju has played a pivotal role in shaping Marriott International’s South Asia portfolio, leading with the mantra -‘Pursuit of excellence with humility in leadership’. She has consistently broken barriers and set benchmarks as one of the few women leaders in the hospitality sector, inspiring future generations with her strategic vision, empathic leadership, and steadfast advocacy for gender equity in the workplace.

A true change-maker, Ranju has led several pathbreaking initiatives aimed at cultivating a more inclusive and equitable workplace. Among these is Project Pranita, an industry-first initiative launched under her guidance to increase the representation of women in leadership roles across Marriott hotels in India. The program focuses on structured mentorship, upskilling, and career acceleration for women associates, resulting in a tangible rise in women leaders within the organization.

In addition, she has championed a number of employee-led initiatives that celebrate cultural diversity, promote inclusion, and support the hiring and integration of persons with disabilities. Her deep belief in inclusive hospitality goes beyond policy—it is embedded in the way teams are built, voices are heard, and opportunities are created at every level of the organization.

Sharing her thoughts Ranju Alex commented- “I am deeply humbled and honoured to receive the Bharat Gaurav Award 2025. To me this recognition is not just a personal milestone but a powerful affirmation of the values we hold dear at Marriott International where we put people first, nurture young talent, and drive inclusive growth. I dedicate this award to every individual and team I have had the privilege to lead and learn from, and to every woman who dares to dream beyond limitations. At Marriott, we believe in creating spaces that are not only exceptional but inclusive and this award reaffirms that belief”.

Under her leadership, Marriott International’s South Asia portfolio has expanded its footprint while continuing to champion employee well-being, sustainable practices, and inclusive growth values that reflect the very essence of the Bharat Gaurav Awards. As a champion of diversity, Ranju Alex’s recognition comes at a time when industries across India are seeking stronger, more empathetic leaders who can drive purpose led growth and lasting change.

New Delhi, 14 July 2025 : Brokerage Firm Nuvama has maintained a BUY rating on Signature Global (India) Ltd., with a target price of ₹1,456. In its report, Nuvama has highlighted improvement in price realization both on a year-on-year basis and a quarter-on-quarter basis. As per Nuvama, average price realization during Q1FY26 rose 6% YoY and 37% QoQ to ₹16,296 per sq. ft., driven by a higher share of premium Gurugram projects.

Strong Sales Momentum and Premium Project Success

Signature Global continues to gain strong traction in the premium residential market. The launch of its premium housing project ‘Cloverdale SPR’ in Sector 71, Gurugram marked a major milestone in its premiumisation strategy.

Strategic Land Acquisition for Future Growth

The company’s business development efforts remain active. During the quarter, Signature Global acquired a 10-acre land parcel in Sohna, offering a development potential of ~0.53 million sq. ft. This reflects its strategic focus on high-opportunity micro-markets and helps maintain a strong future launch pipeline.

Execution Strength and Financial Discipline

Signature Global reported ₹26.4 billion in pre-sales during Q1FY26, a 63% increase QoQ, supported by successful launches and sustained demand. The company has maintained a healthy financial position with net debt-to-operating surplus at ~0.54x as of FY25-end, demonstrating disciplined capital allocation.

Outlook: Focus on Launches and Pre-Sales

Signature Global has maintained its FY26 guidance of ₹125 billion in pre-sales and ₹60 billion in collections, showing strong confidence in future growth. With strong sales momentum, land investments may increase to support future launches. However, with steady collections and rising profitability, free cash flow is expected to grow, and Signature Global is on track to become net-cash by FY27, according to Nuvama.