Latest Zimply News
Feb 7, 2017
Deals RoundUp: WaterBridge Ventures, Helion Venture Partners, FabHotels, Locanix, Amazon Web Services, Ola, Hello Tax, MySuperBrain and Zimply The New Year started on a high note for FabHotels with its expansion to Indore and Coimbatore and an addition of nearly thirty new hotels in the last one month. FabHotels, the fastest growing chain of economy hotels is present in around 20 cities now, with more than 150 hotels under its franchisee network. The company is focused towards catering to business travellers and provides reliable and value-for-money stay experience. FabHotels is using industry-first custom-tech to solve service consistency and yield management issues for guests and hoteliers, respectively. Under its asset-light franchisee model, the brand partners with small hotels with an average inventory of 20-25 rooms and enables them to provide very high quality stay experience to business travellers. Speaking on the announcement, Founder, Vaibhav Aggarwal said, “We are seeing extremely high demand for our product, on both the customer and hotel operator side. We started 2017 by expanding to two new business cities and this year we are looking to almost triple the number of hotels under our network. Our in-house tech is helping us immensely to scale so fast while maintaining industry-leading repeat rates.” As per a recent report, India is expected to become the 6th largest business travel market in the world by the end of 2019. Indian economy hotel market size is worth $10B. FabHotels spends large amount of time in providing training support, custom tech, start-to-finish project consultation, manpower hiring support and procurement support to its hotel partners. With its recent expansion, FabHotels now has higher number of rooms under management than LemonTree or Ginger hotels. Small hotel operators typically witness more than 50% surge in their business after associating with the brand which leads to high loyalty with the chain. Share this article:
Zimply Frequently Asked Questions (FAQ)
Where is Zimply's headquarters?
Zimply's headquarters is located at Delhi.
What is Zimply's latest funding round?
Zimply's latest funding round is Dead.
Who are the investors of Zimply?
Investors of Zimply include Matrix Partners India and Lightspeed India Partners.