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Funding · Commerce & Consumer Brands

Brevistay raises ₹3 Cr for flexible hotel stays

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Date
Company
Brevistay
What it does
Flexible hourly hotel bookings
Kind
Funding
Amount
₹3 Cr
Stage
seed
Founded
2016
Sector
Commerce & Consumer Brands

What they do

Brevistay offers flexible hourly hotel bookings to solve rigid check-in times

What happened

The company raised ₹3 Cr from Indian Angel Network post-pandemic

Why it matters

Funds support tech platform expansion and new city growth strategies

The details

  • Brevistay has raised ₹3 Cr in funding from the Indian Angel Network.
  • This investment occurred in the post-pandemic period to support growth.
  • The startup was founded in 2016 by Prateek Singh.
  • Singh observed rigid hotel check-in times during a trip to Manali.
  • The company aims to monetize empty daytime inventory for hotels.
  • Investors are backing the flexible booking model's potential for expansion.
  • The funding supports strengthening the tech platform for partners.
  • Brevistay plans to expand operations into new cities soon.

The bigger picture

  • Hotels face challenges with empty daytime inventory between standard stays.
  • Traditional models lack flexibility for short-duration customer needs.
  • The pandemic likely influenced the timing of this investment round.
  • Flexible stay options address diverse traveler segments beyond couples.

About the business

  • Brevistay provides flexible hourly hotel bookings instead of fixed nights.
  • The model helps hotels earn revenue from unused daytime hours.
  • Hotels use a SaaS-based extranet platform to manage inventory.
  • Partners can adjust pricing dynamically to improve occupancy rates.
  • Early strategy involved pilot projects in five specific cities.
  • Customer service guarantees issue resolution within 15 minutes.
  • User base includes business travelers and transit passengers.
  • Parents waiting during exams also utilize the flexible booking service.
  • Professionals seek workspace solutions through these short-term bookings.

What happens next

  • Combine hourly and full-day bookings into a unified system.
  • Expand operations to new cities beyond current pilots.
  • Strengthen the tech platform for better partner management.

The deal

Type
funding

Investors

Founders

  • Prateek Singh, Founder

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