Casa2 Stays Private Limited
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Casa2 Stays Private Limited - overview
Established
2014
Location
South Delhi, -, India
Primary Industry
Internet
About
Casa2 Stays Private Limited operates in India, specializing in budget hotel accommodations that prioritize quality and comfort for travelers. The company leverages a user-friendly online platform for hotel bookings, catering to both leisure and business clients. Founded in 2014 and headquartered in Gurgaon, India, Casa2 Stays Pvt. Ltd.
is known for its flagship brand, FabHotels, which operates over 1300 properties across major urban markets. The company has completed 11 deals, with the most recent funding round being a Series C, raising INR 128 million on October 13, 2023, led by Panthera Growth Partners with participation from Accel. Adarssh Mnpuria is identified as the founder of the company. FabHotels offers a variety of budget hotel accommodations throughout India, emphasizing affordability without sacrificing comfort.
The company provides services through an online booking platform featuring diverse room types and amenities. FabHotels includes premium offerings such as FabHotel Prime and FabExpress, serving a broad customer base that includes leisure and business travelers across populous cities like New Delhi, Mumbai, Kolkata, Bangalore, Pune, and Goa. In the fiscal year 2023, FabHotels reported a total revenue of 2,241,145,000, with an EBITDA of INR 49,732,000, indicating a focus on establishing its market presence and optimizing operational efficiencies for future profitability. Following its Series C funding of INR 128 million in October 2023, Casa2 Stays plans to utilize the capital to support the expansion of its product offerings.
The company is focused on enhancing its services and targeting new geographic markets, aiming to increase its footprint within India's growing hospitality sector.
Current Investors
Accel, Qualcomm Ventures, Aarin Capital
Primary Industry
Internet
Sub Industries
Hospitality Services, Hotels & Accommodations, Travel & Tourism, Search Engines, Information Services
Website
www.fabhotels.com
Verticals
E-commerce, Mobile Apps
Company Stage
Series C
Total Amount Raised
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