The board of Le Travenues Technology, the listed company behind Indian travel booking platform ixigo, approved on June 5, 2026 the purchase of a 54.66% stake in Brevistay Hospitality, which runs an hourly hotel booking service. ixigo will pay about ₹65.69 crore (about $6.9 million) through a combination of buying existing shares from current holders and subscribing to new ones.
Once the deal closes and the conditions in the definitive agreements are met, Brevistay will become a subsidiary of ixigo. The company also secured the right to buy the remaining shares later, subject to agreed conditions, according to Inc42. Asian Hospitality reported that the payout includes a non-compete fee.
The transaction was expected to be completed on or before July 31, 2026. ixigo did not publish a valuation for the whole company, and the reports did not say how the price was split between the primary and secondary portions.
What Brevistay built
Brevistay was founded in 2016 by Prateek Singh, Nikhil Pathak, Aditya Naithani and Shubham Agarwal, according to Inc42. Instead of selling a standard 24-hour hotel night, it lets guests book a room for 3, 6 or 12 hours.
The company calls its network India's largest flexible-stay hotel network. Inc42 reported that it operates in more than 200 cities, including Delhi, Mumbai and Bengaluru, and competes with Zostel and OYO. Skift said its inventory spans budget, mid-range and premium hotels in large cities as well as smaller towns, and that the flexible-stay rooms were already listed on ixigo's platform before the deal.
Brevistay is small. Its unaudited turnover rose to ₹18.1 crore (about $1.9 million) in the 2026 financial year, from ₹12.23 crore (about $1.28 million) in 2025 and ₹8.83 crore (about $0.9 million) in 2024, according to Inc42 and Asian Hospitality.
“Brevistay has built a category defining platform with deep hotel partnerships and a strong presence in the flexible-stay segment”
Why ixigo is buying
ixigo, based in Gurgaon, built its business on flights, trains and buses, and its hotel business has been comparatively small. Asian Hospitality noted that hotels tend to be one of the higher-margin categories for online travel platforms, and that expanding hotels was part of the plan when ixigo raised $150 million from Dutch technology investor Prosus the previous year.
Together, ixigo and Brevistay will have more than 10,000 directly contracted hotels across India, according to Skift and Asian Hospitality. The deal also gives ixigo users an hourly booking option that sits alongside regular overnight stays.
Group CEO Aloke Bajpai and group co-CEO Rajnish Kumar said in a joint statement that the two companies saw room to use technology, AI and distribution to build a broader accommodation offering for Indian travellers while helping hotel partners fill rooms and raise revenue. Brevistay co-founders Prateek Singh, Shubham Agarwal and Nikhil Pathak said ixigo's reach and AI tools would help them build a strong hotel network across India.
The founders and the funding
Brevistay has raised little outside money. Its earlier institutional backing came from the Indian Angel Network, which invested ₹3 crore (about $0.3 million) in a 2022 seed round, according to Inc42. No other rounds or investors were reported.
The reports did not say whether the founders will stay on to run the business, and ixigo did not disclose Brevistay's headcount.
Part of a wider buying spree
The Brevistay deal was one of three investments ixigo's board approved on the same day. It also agreed to put ₹7.5 crore (about $0.8 million) into ProactAI, a startup founded in 2024 that is building a foundation model for person re-identification and object tracking, and ₹4.5 crore (about $0.5 million) into Vestra.AI through convertible debentures to fund AI software research. Both were due to complete by July 5.
Earlier in 2026, ixigo bought 60% of Trenes for €11.7 million (about $13.5 million) and 45.02% of Sqaas for €450,000 (about $520,000), Inc42 reported. In its fourth quarter of the 2026 financial year, ixigo's consolidated net profit rose 91% to ₹32.1 crore (about $3.4 million) and operating revenue grew 9% to ₹308 crore (about $32 million). Management said the company remained open to more acquisitions while investing in AI, hotels and adjacent travel categories.
