- MakeMyTrip To Delist Treebo, FabHotels Following Agreement With OYO Online travel company MakeMyTrip is in works to delist its budget-focused hotel aggregators, Treebo Hotels and FabHotels, following an agreement with homegrown hospitality major OYO. In a report, ET quoted people familiar with the development as saying that OYO and MakeMyTrip could also explore a potential equity deal in the future which may involve other […]
- FabHotels Raises $25 Mn In Series B Funding From Goldman Sachs, Accel Partners Budget hotels brand FabHotels has recently raised $25 Mn in Series B round of funding led by financial services firm Goldman Sachs. As per reports, FabHotels’ existing investor Accel Partners also participated in the round. The company will use the newly-raised funds from Goldman Sachs to double the number of hotel rooms on its platforms. […]
- Riding the Tides In Hotel Industry With 600% Growth, How Repup Is Changing The Dynamics Of The Hotel Reputation Game Whenever one visits a place, whether it is a restaurant, hotel or a tourist destination – a 21st century practice is for the establishment to ask for feedback in the form of review. There are countless reviews written online on a daily basis on various platforms and even in local languages. Most of this information […]
- Funding Galore: Startup Fundings Of The Week [June 27 – July 2] This is the 100th edition of Funding Galore!! We started doing Funding Galore almost 2 years back with the intention of keeping our readers updated on all the funding and acquisitions stories spread across the web on different portals. We publish one weekly article that encapsulates all funding activities of the week, so that it […]
- FabHotels Raises $8 Mn From Accel Partners And Others Budget accommodation startup, FabHotels, has raised $8 Mn (approx INR 54 Cr) in a Series A round of funding from Accel Partners and RB Investments. Mohandas Pai’s Aarin Capital and Qualcomm Ventures also participated in the funding round. Founded in 2014 by Vaibhav Aggarwal and Adarsh Manpuria, FabHotels, earlier known as Casa2inns, is presently spread […]
- OYO Rooms Goes International; Launches In Malaysia Branded budget-hotel marketplace OYO Rooms has marked its entry in the Southeast Asian market with the launch in Malaysia. Speaking on the development, Ritesh Agarwal, founder & CEO at OYO Rooms said, “Malaysia is our first port-of-call given the attractive characteristics of the market such as higher-than-average mobile penetration and a large internet population. Unbranded hotel room supply […]
- Budget Hotel Marketplace Zo Rooms Raises Funding From Tiger Global & Orios Venture Delhi-based, budget hotels marketplace Zo Rooms has raised an undisclosed amount in series A round from Tiger Global along with Orios Venture Partners. However, ET has reported that the amount raised is about $5 Mn. On this development, Paavan Nanda, co-founder at Zo Rooms, said “We would primarily be investing in capturing a strong leadership […]
- Funding Galore: Startup Fundings Of The Week [25May – 30May] We bring to you latest developments regarding funds raised, important developments and acquisitions that took place this week. The Mumbai-based investment firm Zodius Capital has raised $110Mn for its new fund to invest in internet and tech startups in the country. With already two investments in its basket, it also plans to invest about $12-$16Mn […]
- Accel & Kalaari Bets On Branded Budget Accommodation Startup Fabhotels With $5 Mn Investment With the ongoing messy relationship between the budget hotel chains ZoRooms & Oyo Hotels, there is another startup which is silently rooting out its way to lead in this category. Budget accommodation startup, Fabhotels has secured $5 Mn funding from Accel Partners and Kalaari Capital in its first institutional round of funding. Fabhotels plans to […]