Budget hotel chain FabHotels has laid off over 100 of its employees as a result of its 'resource optimization' exercise. According to an impacted employee, over 100 employees of the company are being ...

With rising disposable incomes, Indians are traveling like never before. That's why the Indian tourism industry is projected to touch $157 billion by 2024 – up from $80 billion in 2013. Hotel players ...

Goldman Sachs and Qualcomm-backed budget hotel startup FabHotels, which competes with OYO and Treebo, is now allegedly facing flak from hotels on its platform over non-payment issues. Around two-third ...

The travel tech company's proposed IPO will comprise a fresh issue of shares worth up to INR 250 Cr and an offer-for-sale (OFS) component of up to 2.69 Cr shares Investors like Accel, Goldman Sachs, ...

The branded budget hotel aggregators are seeing heightened investor interest as a string of deals get sealed by venture capital funds tracking early-stage startups in this space. These accommodation ...

Revenue from bookings accounted for 75% of its total operating collection, reaching Rs 164 crore in FY23. Casa2 Stays-owned budget hotel chain, FabHotels, experienced a 48% growth in income during ...

Budget hotel chain FabHotels’ parent Travelstack Tech recently filed its draft red herring prospectus (DRHP) with SEBI to raise INR 250 Cr from the public market. The company’s public offering will ...

Oyo will register its objections with the Competition Commission of India (CCI) with regards to an application filed against its partner MakeMyTrip over the delisting of Treebo and FabHotels from the ...

Gurgaon-based Casa2 Stays Pvt. Ltd, which operates budget hotel aggregator FabHotels, has raised $8 million (Rs 54.3 crore) in a Series A round of funding from a group of investors including existing ...

The Competition Commission of India (CCI), on March 9, asked online travel portal MakeMyTrip to allow Treebo and FabHotels, rivals of Oyo, to relist their properties on the platform. The competition ...