Acquisition · Commerce & Consumer Brands

Le Travenues buys majority stake in Brevistay for Rs 65.69 crore

What they do

Le Travenues Technology operates ixigo travel platforms and invests in AI startups

It acquired a 54.66% stake in flexible hotel booking app Brevistay for Rs 65.69 crore

The deal includes primary and secondary share purchases to expand its hospitality portfolio

Le Travenues Technology board approved the acquisition of a 54.66% stake in Brevistay.
The total transaction value is Rs 65.69 crore, which includes a non-compete fee.
The deal structure involves a mix of primary and secondary share purchases.
Brevistay will become a subsidiary of Le Travenues Technology after the transaction completes.
Le Travenues holds an option to buy the remaining stake subject to specific conditions.
The transaction is expected to complete on or before 31 July 2026.
This follows prior acquisitions including stakes in Spanish train platform Trenes and Sqaas.
Le Travenues also invested Rs 7.50 crore in Ofintelligence Technologies for a 10.34% stake.

The acquisition expands Le Travenues' presence in the flexible hotel booking segment.
Brevistay has shown consistent revenue growth from FY24 to FY26.
The move signals a strategy to integrate niche travel tech into the main platform.

Le Travenues launched in 2007 as a technology company focused on travel.
It operates online travel agency platforms for flights, trains, buses, hotels, and cabs.
The company uses AI and data science to provide utility tools like PNR status.
Other tools include seat alerts, running status updates, fare alerts, and recommendations.
Q4 FY26 operating revenue was Rs 308 crore, showing an 8.5% year-on-year increase.
Net profit for Q4 FY26 stood at approximately Rs 32 crore.
The company also makes minority investments in AI-focused startups like Ofintelligence and Forgeurai.
Ofintelligence builds AI models for person re-identification and object tracking via ProactAI.
Forgeurai develops custom AI OS for businesses through its product Vestra.AI.