Deal Street

August 02, 2017

Indus, Trilegal, Gibson Dunn Act on $25m FabHotels Funding


fabhotel

Reportedly, "Budget hotels chain FabHotels has raised $25 million in a Series B funding round led by Goldman Sachs, a top company executive said. Accel Partners, an existing investor in FabHotels, also participated in the round."

It has been said that the funds will further accelerate the nationwide expansion of FabHotels.

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.

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