India: Budget hotel aggregator FabHotels raises $8m

FabHotels, a tech-enabled hospitality start-up formed by former Rocket Internet executives, has raised $8 million (approx Rs.54 crore) in a series A round of funding from Accel Partners and RB Investments, co-founder Vaibhav Aggarwal said. Mohandas Pai’s Aarin Capital and Qualcomm Ventures also participated in the funding round, Aggarwal said.