CleanupBot at 16:17, 10 December 2022

2022-12-10T16:17:42Z

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{{Short description|Indian hotel chain}}
{{Orphan|date=December 2022}}

{{Use dmy dates|date=July 2019}}
{{Infobox company
| name = FabHotels
| logo = Fabhotels_Logo.png
| trading_name =
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| industry = [[Hospitality]]
| founded = 2014
| founder = Vaibhav Aggarwal<br /> Adarsh Manpuria
| hq_location_city = [[Gurugram]]
| hq_location_country = [[India]]
| area_served = [[India]]
| key_people = Vaibhav Aggarwal (Co-Founder)<br />Adarsh Manpuria (Co-Founder)
| products =
| revenue = Rs 20.9 crore ($3.2 million) (FY16)<ref name="the-ken">{{cite news|title=The $700 million bet on Treebo and FabHotels|url=https://the-ken.com/story/700-million-bet-treebo-fabhotels/|publisher=[[The Ken]]|date=10 December 2017}}</ref>
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| num_employees = 450+
| num_employees_year =
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| website = {{URL|https://www.fabhotels.com}}
}}

'''FabHotels''' is a network of 3 star budget [[hotels]] in [[India]], having its headquarters in [[Gurgaon|Gurugram]].<ref name="economictimes"/><ref>{{cite news|last1=Ranjan Bakshi|first1=Sameer|title=Fabhotels FY16 loss up to Rs 13 cr|url=https://www.financialexpress.com/industry/fabhotels-fy16-loss-up-to-rs-13-cr/682770/|publisher=[[The Financial Express (India)]]|date=24 May 2017}}</ref><ref>{{cite news|title=Online budget hotel brands bet on corporate travel|url=https://economictimes.indiatimes.com/small-biz/startups/online-budget-hotel-brands-bet-on-corporate-travel/articleshow/53631028.cms|publisher=[[The Economic Times]]|date=10 August 2016}}</ref><ref name="forbes"/> It currently{{when|date=April 2021}} operates in more than 50+ cities of [[India]] with 450+ Hotels, including major cities like [[Mumbai]], [[New Delhi]], [[Chennai]], [[Bangalore]], [[Kolkata]],
[[Hyderabad]], [[Visakhapatnam]] and [[Coimbatore]].<ref name="the-ken"/> Its operations began in 2014.

== History ==
FabHotels was founded in 2014 by Vaibhav Aggarwal, an alumnus of [[IIT Guwahati]] and [[Wharton School of the University of Pennsylvania]] and Adarsh Manpuria, also an alumnus of [[Wharton School of the University of Pennsylvania|The Wharton School of the University of Pennsylvania]].<ref name="forbes">{{cite news|title=Indian Budget Hotel Chain – FabHotels – Is Expanding Rapidly|url=https://www.forbes.com/sites/anuraghunathan/2016/08/30/indian-budget-hotel-chain-fabhotels-is-expanding-rapidly/#59bef19f2095|work=[[Forbes]]|date=30 August 2016}}</ref>

== Funding ==
In 2016, FabHotels raised a funding of $8 million from [[Accel Partners]], RB Investments, [[Mohandas Pai]]’s Aarin Capital and [[Qualcomm Ventures]].<ref>{{cite news|title=FabHotels gears up for expansion|url=https://economictimes.indiatimes.com/industry/services/hotels-/-restaurants/fabhotels-gears-up-for-expansion/articleshow/53187019.cms|publisher=[[The Economic Times]]|date=13 July 2017}}</ref><ref>{{cite news|last1=Mishra|first1=Aparna|title=FabHotels Raises $8 Mn From Accel Partners And Others|url=https://inc42.com/flash-feed/fabhotels-8-mn-series-a/|publisher=INC24|date=29 June 2016}}</ref><ref>{{cite news|last1=K Tiwari|first1=Ashish |title=Goldman checks into FabHotels with $25 million cash|url=http://www.dnaindia.com/business/report-goldman-checks-into-fabhotels-with-25-million-cash-2515062|work=[[Daily News and Analysis]]|date=27 July 2017}}</ref>

In 2017, FabHotels received a funding of $25 million in a Series B funding from [[Goldman Sachs]]. [[Accel Partners]] also participated in this round.<ref name="economictimes">{{cite news|last1=Chaturvedi|first1=Anumeha|title=FabHotels secures $25 million Series B funding led by Goldman Sachs Investment Partners|url=https://economictimes.indiatimes.com/small-biz/money/fabhotels-secures-25-million-series-b-funding-led-by-goldman-sachs-investment-partners/articleshow/59769274.cms|publisher=[[The Economic Times]]|date=27 July 2017}}</ref><ref>{{cite news|last1=Kothiyal|first1=Kavya|title=FabHotels raises $25 million from Goldman Sachs, Accel Partners|url=https://www.livemint.com/Companies/m9ZwLqVyQmf44QKjgLqTuK/FabHotels-raises-25-million-from-Goldman-Sachs-Accel-Partn.html|publisher=[[Mint (newspaper)|Mint]]|date=26 July 2017}}</ref><ref>{{cite news|title=FabHotels raises $25 mn, eyes pan India expansion|url=http://www.thehindu.com/todays-paper/tp-business/fabhotels-raises-25-mn-eyes-pan-india-expansion/article19367393.ece|work=[[The Hindu]]|date=27 July 2017}}</ref>

== See also ==
* [[List of chained-brand hotels]]
* [[OYO Rooms]]

== References ==
{{reflist|2}}

== External links ==
* {{Official website|https://www.fabhotels.com/}}

[[Category:Hotel affiliation groups]]
[[Category:Hotel chains in India]]
[[Category:Indian companies established in 2014]]
[[Category:Hotels established in 2014]]
[[Category:2014 establishments in Haryana]]
[[Category:Companies based in Gurgaon]]

{{india-hotel-stub}}

FabHotels - Revision history

CleanupBot at 16:17, 10 December 2022