Acquisition · Commerce & Consumer Brands

ixigo acquires majority stake in hotel startup Brevistay

What they do

Ixigo is a travel technology company that helps users book flights, trains, buses, and hotels across India

The board approved buying 54.66% of Brevistay for ₹65.69 Cr to expand its hospitality offerings

This follows strong Q4 profits of ₹32.1 Cr and signals ixigo's push into AI and adjacent sectors

ixigo’s board approved the acquisition of a 54.66% stake in Brevistay Hospitality Pvt Ltd.
The deal value is ₹65.69 Cr ($6.9 Mn) involving both secondary and primary share purchases.
Brevistay will become a subsidiary of ixigo after the transaction completes by July 31.
ixigo also invested ₹7.5 Cr in ProactAI and ₹4.5 Cr in Vestra.AI for AI development.
These investments aim to accelerate the creation of AI-powered software and autonomous agent orchestration.
ixigo reported a Q4 FY26 net profit of ₹32.1 Cr, up 91% from the previous year.
Operating revenue for the quarter reached ₹308 Cr, showing steady growth in core business.
The company remains open to further acquisitions in hotels and adjacent travel categories.

Brevistay operates hourly hotel bookings in over 200 cities with growing revenues.
ixigo seeks to integrate vertical AI models for better user experience and operational efficiency.
Strong financial performance supports aggressive expansion into new technology and service verticals.
Previous acquisitions like Trenes and Sqaas show a consistent strategy of strategic buying.

ixigo empowers Indian travellers to plan and manage trips across rail, air, bus, and hotel segments.
The platform uses AI, machine learning, and data science to enhance online travel agency services.
Users can book flights, trains, buses, and cabs while checking real-time status and alerts.
The company launched in 2007 and has built a comprehensive tech stack for travel needs.
ixigo generates revenue through commissions on bookings and value-added travel services.
It operates as a technology-first entity rather than a traditional asset-heavy travel operator.
The business model relies on high traffic volume and efficient digital matching of supply and demand.
Recent moves indicate a shift towards owning more of the travel value chain directly.
ixigo maintains a presence across major Indian cities with a broad user base.