# Casa2 Stays Private

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/casa2-stays-private

- Industry: Internet
- Headquarters: South Delhi, India
- Website: www.fabhotels.com
- Total disclosed funding: $68M
- Latest round: Series C (May 23, 2023)
- Investors on record: 9

## 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.

## Funding rounds

- Series C, May 23, 2023, $15M — Accel, xto10x Technologies Pvt Ltd, Panthera Growth Partners
- Series B, Oct 21, 2020, $3M — Accel, Goldman Sachs Asset Management
- Series B, May 23, 2020, $1.4M — RB Investments
- Series B, Dec 16, 2019, $5.5M — Accel, Goldman Sachs Asset Management, RB Investments
- Series B, May 24, 2019, $7.8M — Accel, Qualcomm Ventures, Goldman Sachs Asset Management
- Series B, Jul 26, 2017, $25M — Accel, Goldman Sachs Asset Management
- Series A, Jun 28, 2016, $8M — Accel, Qualcomm Ventures, Aarin Capital, RB Investments
- Series A, Jul 31, 2015, $2.2M — Accel, Qualcomm Ventures, Tracxn Labs
- Seed, Jun 1, 2015, $0.1M — SRI Capital

## Investors

- SRI Capital (https://capitalatlas.ai/funds/sri-capital) — Seed
- Accel (https://capitalatlas.ai/funds/accel) — Series A, Series B, Series C
- Qualcomm Ventures (https://capitalatlas.ai/funds/qualcomm-ventures) — Series A, Series B
- Tracxn Labs — Series A
- Aarin Capital — Series A
- RB Investments (https://capitalatlas.ai/funds/rb-investments) — Series A, Series B
- Goldman Sachs Asset Management (https://capitalatlas.ai/funds/goldman-sachs-asset-management) — Series B
- xto10x Technologies Pvt Ltd — Series C
- Panthera Growth Partners (https://capitalatlas.ai/funds/panthera-growth-partners) — Series C