ixigo To Acquire A Majority Stake In Brevistay For ₹66 Cr

Listed traveltech giant ixigo’s board has approved to acquire 54.66% stake in traveltech startup Brevistay (Brevistay Hospitality Pvt Ltd) for a ₹65.69 Cr ($6.9 Mn) through a combination of secondary and primary share purchase deals.

Post the acquisition, ixigo said Brevistay will become a subsidiary of the traveltech platform. The company will also get the right to purchase the remaining stake in the future subject to fulfilment of certain conditions. Its turnover for the fiscal year FY26 zoomed 48% YoY to ₹18.1 Cr.

The investment is set to be completed on or before July 31.

Founded in 2016 by Prateek Singh, Nikhil Pathak, Aditya Naithani and Shubham Agarwal, Brevistay provides an online platform for its users to book hotel rooms for flexible durations.

Additionally, ixigo’s board also approved two more investments, which will be completed by July 5:

• Proactai – ixigo will subscribe for 2,394 compulsorily convertible preference shares (CCPS) for a total consideration of ₹7.50 Cr
• Vestra.AI – ixigo will subscribe to 450,000 0.01% fully convertible debentures (“FCDs”) having a face value of ₹100 each

(The story will be updated shortly)

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