By IANS
New Delhi : Fast Booking, a European internet hotel booking services company, announced Monday that 3i and Edmond de Rothschild Investment Partners (EdRIP), both venture capitalist funds, have become its major shareholders.
The venture funds have bought 65 percent stake in FastBooking with a collective investment of euro 35 million.
“We have found in 3i a partner who understands our business and shares our ambition. We aim to become the pre-eminent partner for the hotelier community,” said Richard Kefs, co-founder, Thierry Lamblin et Soraya Kefs, the holding company of FastBooking.
Jean David Chamboredon, partner at 3i Venture Capital, said on the occasion: “In seven years, FastBooking has built an outstanding platform for hoteliers. Additionally, the Internet user is starting to recognise the economic benefits of booking directly via hotel websites.”
“Our role will be to support the growth and the success of FastBooking over the next 3-4 years,” he added.