28 april 2020 Source : Business Standard
A recent survey of over 500 industry leaders managing travel within their organisations found that 80 per cent of the respondents feel business travel is likely to bounce back to pre-Covid levels within six months of the lockdown being lifted. The study was conducted by budget hotel chain FabHotels.
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15 april 2020 Source : EVERYTHING EXPERIENTIAL
FabHotels, India’s fastest growing budget hotels brand, has announced the launch of comprehensive, WHO-compliant pre-emptive safety measures at all of its 600+ properties across the country.
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13 april 2020 Source : ET Hospitality World
FabHotels is offering quarantine stay packages to stranded guests, healthcare professionals, and medical authorities at government-prescribed rates.
Read full article31 march 2020 Source : ET Hospitality World
Budget hotel chain FabHotels raised INR 39 crore from existing investors early this year. According to Vaibhav Aggarwal, Founder and CEO of FabHotels, the investment will help in building their in-house tech stack. “We will be able to serve the needs of our hotel partners and customers in a better manner.
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13 march 2020 Source : TECHINASIA
When Vaibhav Aggarwal went to Bangalore for a friend’s wedding seven years ago, he wasn’t too pleased with his accommodations.
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02 jan 2020 Source : ENTRACKR
Budget hotel chain FabHotels is set to raise about Rs 39 crore from its existing investors at a valuation of around Rs 856.4 crore.
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5 June 2019 Source : Inc42 Media
Indian budget hotel chain FabHotels has raised INR 54 Cr. (around $7.8 Mn) from existing investor Goldman Sachs along with marquee venture capital firms Qualcomm Ventures, and Accel Partners India, who is one of the early backers of the Delhi-based company.
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13 Dec 2018 Source : Economic Times
FabHotels, which operates primarily through franchising arrangements, plans to double its inventory to 20,000 rooms by the end of next year.
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27 Sep 2018 Source : BWHOTELIER
Designed for the loyal consumers to invite their friends and family to stay at FabHotels through a shareable referral link, it rewards consumers with Fab credits worth ₹500 for every referred friend who completes a stay at FabHotels.
Read full article14 Aug 2018 Source : Economic Times
Budget hotels chain Fab Hotels is eyeing a revenue growth of 30% as it launches a loyalty program to increase its base of regular customers.
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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.
Read full article26 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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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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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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