[ Fabhotels raises $25M in Series B ]

Fabhotels has raised $25 million in Series B funding.

Founded in 2015, Fabhotels  provides its clients with a budget hotel chain in India. It partners with smaller hotels for providing standardized services to budget travelers.

In the next 12 months, the company will  triple its technology team and double the number of rooms from the 5,000 that it has  today.

Funding  Series B
Founded  2015
Country  India
City  Gurgaon, Haryana
Founder / CEO  Vaibhav Aggarwal
Deal Size  $25M
Investors  Accel Partners
 Goldman Sachs
Previous Investors  Qualcomm Ventures
 Accel Partners
 RB Investments
 Mohandas Pai