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FabHotels, a technology-driven budget hotel franchise, has raised $25 million in a Series B investment led by Goldman Sachs Investment Partners. Accel Partners, an existing investor, also participated in the round.
The funds will further accelerate the nationwide expansion of FabHotels, reported ET.
Trilegal advised Goldman Sachs and the team was led by Corporate Partners – Yogesh Singh and Upasana Rao. Other team members included Senior Associate Ankush Goyal, and Associates Avantika Gupta, Chetna Srivastava, and Bhupinder Gridhar.
Goldman Sachs was also advised by Gibson, Dunn & Crutcher, New York, on the deal and the team included Partner Richard Birns and Associate Drew McLelland.
IndusLaw acted for FabHotels and Accel Partners and the team was led by Partner Srinivas Katta along with Principle associate Anindya Ghosh, Senior Associates Mayukh Datta and Ashwin Krishnan and Associate Devya Sharma.