Waterways Leisure Tourism operates cruise and maritime leisure services in India with an established customer base that includes domestic leisure travelers, corporate group bookings, and destination-event charters. The company has pursued a public listing, completing an anchor investor allocation ahead of a June 2026 IPO that raised ₹263.25 crore. Management intends to use IPO proceeds primarily for fleet expansion via leasing arrangements, along with bolstering working capital and marketing to drive passenger volumes. The planned vessel additions are expected to increase capacity and enable service to additional domestic routes and international destinations, with new ships anticipated to enter service by 2027. The company emphasizes operational expertise and brand presence as levers to capture market share in India's growing cruise tourism sector.

Total raised

$28M

Funding rounds

1

Latest round

Equity

Latest activity

Jun 2026