Goldman Sach investment partners to invest $25 Mn in FabHotels
26th, July 2017 - Startup funding
FabHotels, budget hotel franchise with strong technology platform secured series B investment from Goldman Sach investment partners .
The funds will further accelerate the nationwide expansion of FabHotels, the company stated.
FabHotels' franchise model focuses on partnering with 20 - 40 rooms capacity budget hotels. Such unbranded budget hotels, with over one million rooms of capacity, make up the largest and most fragmented hospitality segment in India today.
FabHotels currently operates over 5,000 rooms across more than 225 franchise hotels in over 20 major cities across India, including Mumbai, the National Capital Region and Bengaluru
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