FabHotels takes up $25 million Series B funding

Published on : Friday, July 28, 2017

fab hotelsOne of India’s technology-driven budget hotel franchise companies, FabHotels has raised about $25 million which they will spend to expand the portfolio and to increase its technology team.


Goldman Sachs Investment Partners, with current investor Accel involved, led this Series B funding. Accel was part of Fab’s $8 million Series A round last June.


Started in 2014, this business today operates like a franchise business. It shares partnership with unbranded budget hotels which then operate under the FabHotels marquee. In return, these hotels get access to Fab’s direct and third party distribution channels. Guests get consistency of service.


Presently, Fab’s estate comprises 225 hotels in 20 Indian cities, providing some 5000 rooms. It is looking more at corporate than leisure guests and is concentrating on building its presence in business hubs.


Goldman’s head of Asia investments at its venture capital and growth equity team Shweta Bhatia said: “We see significant growth potential in the budget lodging market in India and believe it is ripe for disruption.”


The concept of branded online budget hotel aggregators emerged in India only a couple of years ago with OYO rooms as the leader. It has picked up some $200 million in funding so far, led by Japan’s Softbank.

Tags: , ,

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>

arrow2Follow TTW
facebook-logo  twitter-logo  LinkedIn_logo  stumbleupon-logo   rss_logo 
ttw_blogger_logo  ttw_blogger_logo  ttw_blogger_logo


  • 01 AIME 2018 BB
  • 02 WTM 2017
  • 03 EMITT 2018
  • 04 AIME-2018 small
  • 05 iitmindia 2017
  • 06 imtm 2018
  • 06 TTF-Surat 2017
  • 07 balttour 2018
  • 30 PATA


Get our toolbar!
Review www.travelandtourworld.com on alexa.com