Ixigo acquires 54.66% Brevistay for ₹65.69 crore in 2026

Deal announcement and what changed

Gurugram-based online travel platform ixigo said on Friday it has acquired a majority stake in hotel-booking brand Brevistay. The company disclosed that its board approved the purchase of a 54.66% stake for ₹65.69 crore, while another disclosure pegged the deal as a 55% stake for ₹66 crore. The acquisition is being executed through a mix of primary and secondary share purchases. Following completion, Brevistay will become a subsidiary of ixigo. ixigo also said it may increase its stake in the future, subject to certain conditions.

Why ixigo is pushing harder into hotels

The acquisition signals a sharper pivot by Le Travenues Technology Ltd, the listed operator of ixigo, toward hotel services. ixigo has historically been stronger in train and bus ticketing, and it said hotels have been a limited presence in its portfolio so far. The hotels category is widely seen as a higher-margin segment for online travel agencies compared with some other travel categories. ixigo has earlier indicated that strengthening its hotels business was a key focus area when it raised $150 million from Dutch technology investor Prosus last year. The Brevistay deal fits that stated focus, with ixigo positioning the transaction as a deliberate step to deepen its accommodation footprint.

What Brevistay brings: flexible-stay and micro-stay demand

Brevistay operates in the flexible-stay segment, allowing bookings beyond the standard full-day hotel inventory model. The model enables hourly rentals, a format that can help budget and mid-scale hotels improve room utilisation during off-peak hours. In its joint statement, ixigo leadership described Brevistay as a platform with deep hotel partnerships and a strong presence in flexible stays. The acquisition is also framed as a way to serve an under-served micro-stay market. For ixigo, the addition broadens its hotel use cases beyond traditional overnight stays.

Inventory scale: the 10,000 directly contracted hotel milestone

ixigo said that with Brevistay’s inventory, it will now have a network of 10,000 directly contracted hotels on its platform. Another disclosure stated the combined network would comprise more than 10,000 directly contracted hotels across India. Direct contracting matters because it can improve supply reliability, pricing control, and the ability to run targeted distribution and merchandising. It also typically requires operational capacity on the supply side, which is why the transaction is being positioned as a capability and inventory acquisition, not just a brand purchase. The emphasis on contracted supply suggests ixigo is trying to build a stronger hotel backbone rather than relying only on third-party aggregators.

Financial snapshot: Brevistay growth and ixigo’s latest quarter

Brevistay reported revenue of ₹18 crore in FY26, up from ₹12 crore in FY25, according to the statement. ixigo also reported its own quarterly performance for context. For the January to March quarter, ixigo posted an 8% year-on-year increase in operating revenue to ₹308 crore. Net profit for the quarter nearly doubled to ₹32 crore. The company also said that during the fourth quarter, flights emerged as its largest business vertical by gross transaction value.

Transaction structure, founders’ stake, and path to full ownership

The acquisition includes both primary and secondary transactions, indicating that some portion of the ₹65.69 crore goes into the business while another portion provides liquidity to existing shareholders. Brevistay’s founders, Prateek Singh, Shubham Agarwal and Nikhil Pathak, collectively own around 63% of the company. Post-transaction, ixigo will hold majority ownership, and it has retained the right to acquire the remaining stake in the future. The staged structure suggests ixigo is keeping optionality for a fuller integration over time, while moving immediately to consolidate operations by bringing Brevistay under the subsidiary umbrella.

Technology and operating angle: AI, distribution, and workflow efficiency

ixigo and Brevistay said they see opportunities to use technology, AI and distribution to build a broader accommodation ecosystem for Indian travellers. The narrative also points to operational leverage: Brevistay’s flexible-stay infrastructure adds a differentiated inventory type, while ixigo’s distribution can push higher booking volumes. ixigo has referenced its AI-native architecture and a newly launched product called ixigo NEXT, positioning it as an internal efficiency layer. The company has argued that automation can reduce workflows that have historically been labour-intensive for travel-tech competitors, and can lower dependence on discount-heavy customer acquisition that can compress margins.

Timelines and closing conditions

The disclosures set out near-term timelines for completion. Both transactions are expected to be completed by July 5. The Brevistay acquisition is slated to close by July 31. These dates matter because the transaction is structured across primary and secondary components, and because Brevistay becomes a subsidiary only after closing.

Funding backdrop and other capital-market disclosures

ixigo went public in 2024 and launched its hotel OTA business in December 2023. Separately, Le Travenues Technologies has said it plans to use part of a ₹1,296 crore fundraise for hotel business expansion and brand strengthening, with capital deployment planned over two and a half years. The company indicated that about a quarter each would be earmarked for organic and inorganic growth, with the rest for working capital and general corporate purposes. In another exchange update dated October 7, the company also notified about a possible stake purchase by an investor for up to 16%, noting that no definitive agreements or binding arrangements for acquisitions had been executed so far.

Key facts table

What the acquisition means for investors and the OTA sector

The transaction highlights how Indian online travel agencies are trying to grow beyond commoditised ticketing categories. By moving into hotels more aggressively, ixigo is targeting a segment described as higher-margin, while adding a differentiated product in the form of flexible stays. The deal also shows a preference for building supply depth, with ixigo emphasising directly contracted hotels and the addition of Brevistay’s partnerships. For investors, the near-term focus will be on how quickly the acquired inventory and product format translate into higher hotel contribution without heavy discounting. For the sector, the deal underscores ongoing consolidation and specialisation, especially around micro-stays and alternative inventory formats that standard booking engines do not always serve well.

Conclusion

ixigo’s majority acquisition of Brevistay for about ₹66 crore is a clear step to deepen its hotels play and broaden its product offering into flexible stays. With the combined platform expected to cross 10,000 directly contracted hotels, the company is signalling a supply-led approach to accommodation growth. The next milestones are the expected completion of the transactions by July 5 and the planned closing of the acquisition by July 31, after which Brevistay will operate as an ixigo subsidiary.