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PRISM rolls out CheckIn, uniting OYO’s hospitality brands under premium value collection

EntrackrEntrackr · 6m ago
PRISM rolls out CheckIn, uniting OYO’s hospitality brands under premium value collection
Medial

PRISM, the parent company of OYO, has launched CheckIn, a new premium value hotel collection bringing together well-known hospitality brands including Townhouse Hotels, Clubhouse, Sunday Hotels, Belvilla, and Palette Hotels. With over 1,300 hotels across India, CheckIn claims to become the country’s largest premium value hotel chain. Each property under the CheckIn Collection will be professionally managed by dedicated teams and partner management companies to ensure consistency, reliability, and guest satisfaction. The brand promises a standard experience across all hotels, trained staff, wholesome breakfast, clean bedrooms, Kimirica Splash & Dash kits, and in-room entertainment beyond free Wi-Fi. Within the portfolio, Townhouse Hotels serve as the entry tier, while Sunday Hotels represent the premium end of the collection. Founded in 2012 by Ritesh Agarwal, PRISM started as a budget travel-tech company but has since expanded into premium hotels, vacation homes, co-living, and global hospitality solutions, serving over 100 million customers across 35 countries. PRISM will operate at scale like OYO but with an upgraded service promise, targeting India’s growing middle-class and aspirational travel segment. “CheckIn is our commitment to elevate premium value stays in India,” said Ritesh Agarwal, founder & Group CEO of PRISM. “Just as OYO transformed the budget segment, CheckIn will set a new benchmark by combining scale, service, and thoughtful design.”

Update: Startup hotel chains compared: Who leads on scale and profitability in India?

EntrackrEntrackr · 1d ago
Update: Startup hotel chains compared: Who leads on scale and profitability in India?
Medial

Startup hotel chains compared: Who leads on scale and profitability in India? A comparison with other startup hotel chains in the segment such as Treebo Hotels and Bloom Hotels highlights how the three players stack up in terms of scale, profitability, and cost structure. Budget hospitality chain FabHotels recently received approval from SEBI to proceed with its initial public offering (IPO). As the company prepares to tap the public markets, we take a look at startup hotel chains such as Treebo Hotels and Bloom Hotels on scale, profitability, and cost structure. However, FabHotels’ current model and revenue recognition approach make it not directly comparable with these peers. In terms of scale, FabHotels GTV stood at Rs 716 crore majorly from TravelPlus in FY25, while Bloom Hotels and Treebo reported an operating revenue of Rs 344 crore and Rs 128 crore during the same period. On the spending side, Bloom Hotels recorded the highest rent expenses at Rs 63 crore, whereas rent costs for Treebo Hotels stood at Rs 1 crore. With regards to employee benefit, FabHotels spent Rs 96 crore, followed by Bloom Hotels at Rs 86 crore and Treebo at Rs 71 crore. Treebo also reported the highest commission payouts at Rs 39 crore, compared to Rs 28 crore for FabHotels and Rs 21.5 crore for Bloom Hotels. Advertising expenses ranged between Rs 11 crore and Rs 28 crore across the companies. Overall, the total expense of FabHotels stood at Rs 730 crore, significantly higher than Bloom Hotels at Rs 337 crore while Treebo Hotels’ total expense stood at Rs 170 crore. In the first half of the ongoing fiscal year (H1 FY26), FabHotels reported operating revenue of Rs 400 crore with net profits of Rs 32 crore during the six-month period ending September 2025. On the bottom line, FabHotels reported a net loss of Rs 6.3 crore with an EBITDA loss of Rs 5 crore. Treebo Hotels recorded the steepest losses among the three, with a net loss of Rs 36 crore and EBITDA loss of Rs 35.2 crore. In contrast, Bloom Hotels emerged as the only profitable company with a net profit of Rs 15.2 crore while posting the highest EBITDA of Rs 61.5 crore in FY25. In terms of liquidity, FabHotels reported the highest current assets at Rs 191 crore, including Rs 95.5 crore in cash and bank balances. Bloom Hotels followed with current assets of Rs 119 crore, with Rs 29 crore in cash. Treebo reported Rs 30 crore in current assets, with Rs 9 crore in cash and bank balances.

Exclusive: FabHotels gears up for IPO, converts into public company

EntrackrEntrackr · 4m ago
Exclusive: FabHotels gears up for IPO, converts into public company
Medial

Exclusive: FabHotels gears up for IPO, converts into public company Hospitality chain FabHotels changed its status and converted itself into a public company. The board has passed a resolution and approved its conversion, a move that might signal its preparation for a public listing. FabHotels’ parent company, Travelstack Tech Private Limited (formerly Casa2 Stays Pvt Ltd), has passed a resolution to rename the entity as Travelstack Tech Limited by removing the word “Private,” according to its filing with the Registrar of Companies (RoC). Founded in 2014 by Vaibhav Aggarwal and Adarsh Manpuria, Gurugram-based FabHotels is a hotel chain operating over 1,300 properties across more than 50 major Indian cities, including Mumbai, the National Capital Region, Bengaluru, and Goa. According to startup data platform TheKredible, the company has raised around $68 million to date from investors including Accel and Goldman Sachs. Its most recent funding was a $20 million round led by Panthera Partners in September 2023. In FY25, the Accel-backed company’s revenue increased over 20% to Rs 716 crore in FY25, with narrowing losses by 45% to Rs 62.7 crore compared to Rs 114 crore in FY24. FabHotels competes directly with Treebo and Bloom Hotels. While both are yet to file their FY25 numbers, Treebo crossed Rs 100 crore in revenue in FY24, whereas Bloom Hotels saw a 73.6% rise in operating revenue to Rs 250 crore and posted a profit of Rs 14 crore.

Exclusive: Bloom Hotels to raise $9 Mn in new round

EntrackrEntrackr · 9m ago
Exclusive: Bloom Hotels to raise $9 Mn in new round
Medial

Exclusive: Bloom Hotels to raise $9 Mn in new round Delhi-based hospitality chain Bloom Hotels is set to raise Rs 77.7 crore (around $9 million) in its first funding round of 2025, with participation from Samena Capital Limited and Ikonika Holdings. Bloom Hotels' board has approved a special resolution to issue 7.77 crore compulsory convertible preference shares to raise the said amount, according to its filing with the Registrar of Companies (RoC). The proceeds will be used to fuel the company’s growth and expansion plans, the filing added. The hospitality company operates hotel brands such as Bloom Hotel, Bloom Hub, BloomSuites, and Bloomrooms. Currently, it has over 50 hotels across cities including Mumbai, Pune, Udaipur, Jaipur, and the NCR. The company has already secured around Rs 362 crore (approximately $45 million) from Samena Capital, which now holds a majority stake in the hospitality chain. Bloom Hotels is yet to file its financials for FY25. However, the company has witnessed over 5X growth in the past two years, with revenue rising from Rs 49 crore in FY22 to Rs 250 crore in FY24. It also reported a net profit of Rs 14 crore for the fiscal year ended March 2024. It competes with Treebo Hotels and FabHotels, which posted operating revenues of Rs 88.6 crore and Rs 224 crore, respectively, in FY24. It also faces competition from newer players like Salt Stayz and larger brands such as Oyo, through its Sunday Hotels.

FabHotels gross revenue crosses Rs 550 Cr in FY24, losses widen 23%

EntrackrEntrackr · 1y ago
FabHotels gross revenue crosses Rs 550 Cr in FY24, losses widen 23%
Medial

FabHotels gross revenue crosses Rs 550 Cr in FY24, losses widen 23% Casa2 Stays, the parent firm of FabHotels, reported a 34% increase in gross revenue for the fiscal year ending March 2024. However, its loss rose by 23%, driven by a twofold increase in employee benefit expenses. FabHotels’ gross revenue increased to Rs 552 crore in FY24 from Rs 412 crore in the previous fiscal year (FY23), according to its financial statement sourced from the Registrar of Companies (RoC). The revenue for FY23 appears different this year as it marks FabHotels’ first set of financial statements prepared in compliance with Indian Accounting Standards (Ind AS). FabHotels, a budget hotel chain with over 600 properties across more than 50 cities in India, generated 99.4% of its gross revenue from accommodation bookings. Gross revenue increased by 33.35% to Rs 549 crore in FY24. Meanwhile, other revenue sources contributed Rs 3.3 crore. The company also recorded an additional income of Rs 11 crore from interest on deposits and liabilities written off, which pushed its overall revenue to Rs 563.6 crore in the last fiscal year. Accommodation expenses remained the largest cost component forming 74% of the overall cost, which grew by 32% to Rs 435 crore. FabHotels’ employee costs shot up 2X to Rs 92 crore in FY24. This includes Rs 15 crore as ESOP cost. Its commission expenses rose by 8% to Rs 27 crore, while other costs added Rs 34 crore. Overall, total expenses grew by 38.5% to Rs 588 crore in FY24 from Rs 424.7 crore in FY23. The two-fold jump in employee benefits led FabHotel to increase its losses by 23% to Rs 114 crore in FY24, compared to Rs 93 crore in FY23. Its ROCE and EBITDA Margin were recorded at -84.09% and -19.52%, respectively. On a unit basis, the company spent Rs 1.06 to earn a rupee of revenue. At the end of FY24, FabHotel’s current assets stood at Rs 172 crore, including cash and bank balances worth Rs 94 crore. FabHotel has raised around $70 million to date. Accel is the largest external stakeholder with 21.39% followed by Goldman Sachs. FabHotels competes directly with Treebo and Bloom Hotels. In FY24, Treebo surpassed Rs 100 crore in revenue, while Bloom Hotels achieved a 73.6% increase in operational revenue to Rs 250 crore and recorded a profit of Rs 14 crore. FabHotels, with its budget offerings and reach, faces a moment of truth to deliver sustainable profitability that can power future growth. The hospitality sector leaves very little margin for major misses now. FabHotels has placed its bets, with little leeway to change much now. Judgement awaits in the next few months and year, perhaps.

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