Travel technology company ixigo has approved the acquisition of a 54.66% stake in hotel booking platform Brevistay for ₹65.69 crore, while also committing ₹12 crore to two artificial intelligence startups as part of its strategy to strengthen both its accommodation and technology offerings.
The acquisition will be completed through a combination of primary and secondary share purchases. Upon completion, expected by July 31, 2026, Brevistay will become a subsidiary of ixigo. The travel platform will also retain the option to acquire the remaining stake in the company under certain conditions in the future.
Brevistay Acquisition Strengthens Hotel Booking Portfolio
Founded in 2016, Brevistay specializes in flexible hotel bookings, allowing users to reserve rooms for shorter durations, including hourly stays. The platform has witnessed steady growth, reporting an unaudited turnover of ₹18.1 crore in FY26, up from ₹12.23 crore in FY25 and ₹8.83 crore in FY24.
The acquisition aligns with ixigo’s objective of expanding its hotels business beyond its core offerings in train, flight, and bus ticket bookings. As competition intensifies in India’s online travel sector, flexible accommodation options are emerging as a growing segment among both business and leisure travelers.
AI Investments Signal Focus on Future Technology
Alongside the acquisition, ixigo has approved a ₹7.5 crore investment in Proactai for a 10.34% stake through compulsorily convertible preference shares. The startup develops vertical AI models focused on person re-identification and object tracking technologies.
The company has also invested ₹4.5 crore in Vestra.AI through fully convertible debentures. Vestra.AI develops enterprise AI operating systems that support autonomous AI agents and workflow automation.
According to ixigo, these investments will help accelerate the development of AI-powered software solutions and strengthen the company’s artificial intelligence capabilities across its travel ecosystem. All transactions will be executed in cash and are not related-party deals.
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FAQs
Q1. What stake is ixigo acquiring in Brevistay?
ixigo is acquiring a 54.66% stake in Brevistay for ₹65.69 crore.
Q2. What does Brevistay offer?
Brevistay enables users to book hotel rooms for flexible durations, including hourly stays.
Q3. Which AI startups has ixigo invested in?
ixigo has invested in Proactai and Vestra.AI to enhance its artificial intelligence capabilities.
Q4. Why is ixigo investing in AI companies?
The investments are aimed at accelerating AI-powered software development and strengthening technology capabilities across its travel and hospitality business.
Q5. When will the Brevistay acquisition be completed?
The transaction is expected to close on or before July 31, 2026.
