India’s travel giant ixigo snaps up a majority stake in hotel start-up Brevistay

GURUGRAM: ixigo is not hanging about. India’s leading AI-based travel platform has announced the acquisition of a 54.66 per cent majority stake in Brevistay, the country’s largest flexible-stay hotel network, for a total outlay of Rs 65.69 crore. The deal, approved by ixigo’s board and structured as a combination of secondary and primary share purchases, is subject to the completion of conditions precedent. Brevistay will become a subsidiary of ixigo once the transaction closes, and ixigo retains the right to buy out the remaining stake in the future.

Founded in 2016, Brevistay has quietly built something formidable: a hotel network that spans budget, mid-scale, and premium properties across Tier 1 cities and Tier 2 and 3 towns alike. Its platform handles both short-duration and overnight bookings, deploying dedicated supply-side and demand-side products that help hotel partners maximise occupancy and average room revenue. It is, in short, exactly the kind of asset ixigo has been hunting for.

Together, the two companies now command a directly contracted hotel network of over 10,000 properties across India, a number that considerably sharpens ixigo’s edge in the fiercely competitive accommodation market. The logic of the deal is straightforward: marry Brevistay’s ground-level hotel relationships and flexible-stay expertise with ixigo’s AI technology, distribution muscle, and vast customer base spanning rail, air, buses, and hotels.

Aloke Bajpai and Rajnish Kumar, group chief executive and group co-chief executive of ixigo, said Brevistay had “built a category-defining platform with deep hotel partnerships and a strong presence in the flexible-stay segment,” adding that together they saw significant opportunities to leverage technology, AI, and distribution to create a more comprehensive accommodation ecosystem for Indian travellers.

Brevistay’s co-founders, Prateek Singh, Shubham Agarwal, and Nikhil Pathak, were equally bullish, saying they were “excited to partner strategically with ixigo” and confident that ixigo’s AI capabilities and customer-experience focus would help build a strong pan-India hotel network offering stays across all of ixigo’s platforms.

ixigo, listed on both the NSE and BSE under the ticker IXIGO and scrip code 544192 respectively, was launched in 2007 by Bajpai and Kumar. The platform, formally known as Le Travenues Technology Limited, operates through its ixigo, ConfirmTkt, and Abhibus apps and clocked over 57 crore annual active users in fiscal 2026, making it the country’s dominant travel platform by user base.