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The $700 million bet on Treebo and FabHotels

The two budget hotel chains have roared into contention over the last six months. And the duo believe that they can come out trumps in their segment

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Vaibhav Aggarwal, the founder and CEO of FabHotels, sits quietly in his cabin in Udyog Vihar, Gurugram. He has an unopened bottle of cold pressed juice sitting on his table and an uneaten apple lies forgotten on a chair leaning against a laptop bag. His glass-walled cabin has a table and a few chairs. There is barely anything else of note, except Aggarwal’s laptop and his phone. It is charging. His cabin looks out at the rest of his office, which is emptying out. It is past 7 pm on a Tuesday. But Aggarwal won’t leave anytime…

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