“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,” reported Mint.

IndusLaw Bangalore partner Srinivas Katta, principle associate Anindya Ghosh, senior associates Mayukh Datta and Ashwin Krishnan and associate Devya Sharma acted for FabHotels and Accel Partners.

Trilegal partners Upasana Rao and Yogesh Singh, senior associate Ankush Goyal, and Gibson Dunn acted for Goldman Sachs.