FabHotels is a network of 3 star budget hotels in India, having its headquarters in Gurugram.[1][2][3][4] It currentlyTemplate:When 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.[5] 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 The Wharton School of the University of Pennsylvania.[4]
Funding
In 2016, FabHotels raised a funding of $8 million from Accel Partners, RB Investments, Mohandas Pai’s Aarin Capital and Qualcomm Ventures.[6][7][8]
In 2017, FabHotels received a funding of $25 million in a Series B funding from Goldman Sachs. Accel Partners also participated in this round.[1][9][10]
See also
References
- ↑ 1.0 1.1 FabHotels secures $25 million Series B funding led by Goldman Sachs Investment Partners(27 July 2017).
- ↑ Fabhotels FY16 loss up to Rs 13 cr(24 May 2017).
- ↑ Online budget hotel brands bet on corporate travel(10 August 2016).
- ↑ 4.0 4.1 Indian Budget Hotel Chain – FabHotels – Is Expanding Rapidly. Forbes(30 August 2016).
- ↑ Cite error: Invalid
<ref>tag; no text was provided for refs namedthe-ken - ↑ FabHotels gears up for expansion(13 July 2017).
- ↑ FabHotels Raises $8 Mn From Accel Partners And Others(29 June 2016).
- ↑ Goldman checks into FabHotels with $25 million cash. Daily News and Analysis(27 July 2017).
- ↑ FabHotels raises $25 million from Goldman Sachs, Accel Partners(26 July 2017).
- ↑ FabHotels raises $25 mn, eyes pan India expansion. The Hindu(27 July 2017).