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Travel booking platform ixigo has approved the acquisition of a 54.66 per cent stake in flexible-stay hotel network Brevistay for a total investment of INR 65.69 crore. The transaction, announced in the past week, will be completed through a combination of primary and secondary share purchases, subject to customary conditions. Following the acquisition, Brevistay will become a subsidiary of ixigo. The move is aimed at strengthening ixigo’s presence in India’s accommodation segment and expanding its hotels business. Founded in 2016, Brevistay operates a flexible-stay model that allows short-duration and overnight hotel bookings. The combined network of the two companies will comprise more than 10,000 directly contracted hotels across the country, providing greater scale and wider market reach.
Le Travenues Technology Ltd, which operates the travel booking platform ixigo, has approved the acquisition of a majority stake of 54.66 per cent in Brevistay Hospitality Pvt Ltd for a total investment of INR 65.69 crore. The transaction, announced in the past week, will be carried out through a mix of primary and secondary share purchases, enabling ixigo to expand its footprint in India’s accommodation and hotel booking market.
According to a regulatory filing submitted to stock exchanges, the acquisition remains subject to the fulfilment of conditions precedent outlined in the definitive agreements signed between the parties. Upon completion of the transaction, Brevistay will become a subsidiary of ixigo.
The filing further stated that ixigo has secured the right to acquire the remaining stake in Brevistay at a later stage, subject to the fulfilment of certain specified conditions. This provision provides the company with a pathway to potentially increase its ownership in the hotel network in the future.
The acquisition forms part of ixigo’s broader strategy to strengthen its hotels business and deepen its presence across the accommodation segment. The company has been expanding its travel services portfolio and views the transaction as an opportunity to enhance its offerings for travellers while increasing its reach within the hospitality sector.
Established in 2016, Brevistay has developed a flexible-stay model focused on short-duration and overnight hotel bookings. The platform has built a nationwide network catering to travellers seeking accommodation for a few hours as well as conventional overnight stays, creating an alternative booking category within the hospitality market.
Following the transaction, the combined hotel network of ixigo and Brevistay will comprise more than 10,000 directly contracted hotels across India. The enlarged inventory is expected to support ixigo’s hotel onboarding efforts by providing immediate access to a wider network of accommodation partners and strengthening its position in the hotel booking segment.
Commenting on the acquisition, ixigo Group Chief Executive Officer Aloke Bajpai and Group Co-Chief Executive Officer Rajnish Kumar said the partnership would create opportunities to leverage technology, artificial intelligence and distribution capabilities to build a broader accommodation ecosystem for Indian travellers. They indicated that the integration would also help hotel partners improve room utilisation and revenue generation while serving a diverse range of customers across different booking requirements.
The transaction highlights continued consolidation and strategic investment activity within India’s online travel and hospitality sector as digital platforms seek to expand accommodation inventories and diversify travel-related services.
Source - PTI
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