FabHotels raises $25 million from Goldman Sachs, Accel Partners

26 July 2017 | Source : Live Mint

Budget hotels chain FabHotels has raised $25 million in a Series B funding round led by Goldman Sachs, a top company executive said. FabHotels works on an asset-light model, partnering small hotels under a franchise model to provide standardized services.

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FabHotels secures $25 million Series B funding led by Goldman Sachs Investment Partners

26 July 2017 | Source : Economic Times

FabHotels, a technology-driven budget hotel franchise, announced today that it has raised $25 million in a Series B investment led by Goldman Sachs Investment Partners. Accel Partners, an existing investor, also participated in the round.

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Budget hotel aggregator FabHotels aggregates $8M in funding

28 June 2016 | Source : Your Story

On Tuesday, it was reported that tech enabled hospitality startup, FabHotels had raised $8 million in a Series A round from Accel Partners and RB Investments. Mohandas Pai’s Aarin Capital and Qualcomm Ventures also participated in the funding round.

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Indian Budget Hotel Chain - FabHotels - Is Expanding Rapidly

30 Aug 2016 | Source : Forbes

FabHotels operates in the $30 per night, value-for-money, 3-star hotel segment. Our hotels are located conveniently near a business hub, airport or railway station and ​ are typically the best ​3-star or business budget hotels in that neighborhood.

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