ixigo (Le Travenues Technology Limited) has announced the acquisition of a majority stake in Brevistay Hospitality Private Limited, marking a strategic move to strengthen its position in India’s hotel booking market.
The company’s Board has approved the acquisition of a 54.66 per cent stake in Brevistay for a total investment of INR 65.69 crore. The transaction will be completed through a combination of primary and secondary share purchases, subject to the fulfilment of conditions outlined in the definitive agreements. Upon completion, Brevistay will become a subsidiary of ixigo.
The agreement also provides ixigo with the right to acquire the remaining stake in the company in the future, subject to agreed conditions.
Founded in 2016, Brevistay operates a flexible-stay hotel booking platform that enables customers to book both short-duration and overnight stays. The company has developed one of India’s largest flexible-stay hotel networks, serving budget, mid-scale, and premium hotel segments across major metropolitan areas as well as Tier II and Tier III cities.
Following the acquisition, the combined hotel network of ixigo and Brevistay will comprise more than 10,000 directly contracted hotels across the country. The enlarged network is expected to accelerate ixigo’s hotel expansion strategy and strengthen its accommodation offerings for travellers.
The transaction is also expected to create operational synergies by combining Brevistay’s hotel supply network, field sales capabilities, flexible-stay expertise, and hotel partner relationships with ixigo’s AI-driven technology platform, customer base, and multi-modal travel ecosystem.
Announcing the acquisition, Aloke Bajpai, Group CEO, ixigo, and Rajnish Kumar, Group Co-CEO, ixigo, said: “Brevistay has built a category-defining platform with deep hotel partnerships and a strong presence in the flexible-stay segment. Together, we see significant opportunities to leverage technology, AI, and distribution to create a more comprehensive accommodation ecosystem for Indian travellers while helping our hotel partners maximise utilisation and revenue, targeting a diverse pool of hotel bookers. This acquisition further strengthens our vision of building India’s most customer-centric travel platform across all major travel categories.”
Prateek Singh, Shubham Agarwal and Nikhil Pathak, Co-founders of Brevistay, said: “We are excited to partner strategically with ixigo, India’s largest travel platform by users, to create meaningful synergies for both our hotel partners and our combined base of hotel bookers. Travellers in India want convenience, choice and flexibility when it comes to hotel bookings and with ixigo’s AI capabilities and customer-experience focus, we are confident that we can build a strong network of hotels pan-India that can offer their customers stays across all of ixigo’s platforms.”
The acquisition underscores the increasing importance of the accommodation segment within India’s online travel market and reflects ixigo’s broader strategy of expanding its travel services ecosystem through technology-led growth and strategic investments.
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