8 months ago
Travelstack Files DRHP for IPO
Travelstack Tech, which owns TravelPlus and FabHotels, has filed for an IPO.
The IPO includes a fresh issue of INR 250 Cr and an offer-for-sale of 2.69 Cr shares.
Investors like Accel, Goldman Sachs, and Qualcomm will sell their shares.
The company wants to use the money for working capital, paying off debts, and other business needs.
Travelstack helps businesses manage travel bookings and expenses.
It operates over 1,300 properties under FabHotels and Via.
The company recently became profitable, with a net profit of INR 32.2 Cr in the first half of FY26.
Travelstack Tech has filed its draft red herring prospectus with SEBI for an IPO.
The IPO comprises a fresh issue of INR 250 Cr and an OFS of 2.69 Cr shares.
Major investors including Accel, Goldman Sachs, and Qualcomm will offload shares.
Travelstack operates TravelPlus for corporate travel management and FabHotels for budget accommodations.
The company reported a net profit of INR 32.2 Cr for H1 FY26 and reduced its net loss by 95% in FY25.
- Who
- Travelstack Tech, including its subsidiaries TravelPlus and FabHotels
- What
- Filing of draft red herring prospectus for IPO
- Where
- India
- When
- Recent filing with SEBI
- Why
- To raise funds for working capital, debt repayment, and general corporate purposes
Key facts
- Company
- Travelstack Tech
- IPO Components
- Fresh issue of INR 250 Cr, OFS of 2.69 Cr shares
- Major Investors
- Accel, Goldman Sachs, Panthera Growth Partners, Qualcomm, Anupam Mittal
- Founders
- Adarssh Mnpuria, Vaibhav Aggarwal
- Business Segments
- TravelPlus, FabHotels, Via
- Active Enterprise Clients
- Over 100
- Employees Covered
- Over 1.2 Lakh
- Properties Operated
- 1,379
- Net Profit (H1 FY26)
- INR 32.2 Cr
- Operating Revenue (H1 FY26)
- INR 400.4 Cr
- Total Expenses (H1 FY26)
- INR 409.6 Cr
- Net Loss (FY25)
- INR 6.3 Cr
- Operating Revenue (FY25)
- INR 716.4 Cr
Quotes
Travelstack Tech
The parent company of TravelPlus and Fabhotels, filing for an IPO.
“To serve distinct customer groups and optimise inventory within this segment, we maintain a strategic asset light private-label portfolio comprising FabHotels and Via brands (the latter introduced in September 2025), which cumulatively included 1,379 onboarded properties as of September 30, 2025.”
inc42.com
Sources
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