Date: June 07, 2026

Strategic Rationale

The acquisition of Brevistay Hospitality Private Limited represents a strategic step in strengthening ixigo's hotels business and advancing the vision of becoming the most customer-centric travel company in India. The focus in the hotels business will be on direct supply acquisition, solving for hotel discovery, and improving customer experience.

ixigo first met the Brevistay founding team several years ago and has been impressed by their ability to grow without significant capital, on-the-ground execution capabilities, resilience, deep understanding of the hospitality market, and ability to build strong hotel partner relationships. Brevistay has successfully scaled a business differentiated by flexible-stay inventory, which aligns well with ixigo's transportation-heavy customer segments.

The companies have already partnered commercially, with Brevistay supplying hotel inventory on ixigo's platform, during which period ixigo observed encouraging customer feedback and strong service quality.

Transaction Terms

  • ixigo will acquire a 54.66% stake in Brevistay Hospitality Private Limited
  • Total consideration: ₹65.69 crore
  • Acquisition method: Combination of secondary and primary share purchases
  • Transaction subject to completion of customary conditions precedent
  • Upon completion, Brevistay will become a subsidiary of ixigo
  • ixigo has the right to acquire the remaining stake in the future, subject to fulfilment of agreed conditions
  • The Brevistay team will continue operating the business with opportunity for additional upside based on performance objectives

Strategic Synergies

The transaction combines Brevistay's extensive hotel supply network, feet-on-street business and operations capabilities, direct hotel relationships, flexible-stay expertise, and contracting capabilities with ixigo's technology, AI-driven customer acquisition and extranets, and larger travel distribution platform capabilities.

Key synergies include:

  • Accelerating growth in ixigo's hotel inventory and direct contracting efforts
  • Expanding accommodation choices across leisure, business, transit, and short-stay travel use cases
  • Driving higher occupancy and monetization opportunities for hotel partners through access to ixigo's large customer base
  • Unlocking cross-sell opportunities across ixigo's rail, flight, bus, and hotel users
  • Leveraging ixigo's technology and AI capabilities to improve discovery, conversion, and customer experience
  • Creating a stronger, more diversified accommodation platform across Tier 1, Tier 2, and Tier 3 markets

Post-Acquisition Impact

Following the acquisition, the combined hotel network will comprise over 10,000 directly contracted hotels across India, significantly accelerating ixigo's hotel supply expansion and strengthening direct relationships with accommodation partners. The acquisition expands ixigo's ability to serve a wider range of traveler needs and trip occasions while providing hotel partners with access to incremental demand, enhanced distribution, increased RevPAR, and technology-led growth opportunities.

Brevistay Business Overview

Founded in 2016, Brevistay is one of India's leading flexible-stay hotel booking platforms and was a pioneer in India's flexible-stay category by enabling travelers to book hotels for shorter durations as well as overnight stays. The company operates one of India's largest flexible-stay hotel networks, serving various customer needs including transit stays, business travel, leisure, and last-minute accommodation requirements. Brevistay has built deep expertise in hotel contracting, inventory management, and flexible accommodation solutions through its strong network of hotel partners and dedicated supply and demand platforms.

M&A Strategy Context

At ixigo, M&A is viewed as strategic capability augmentation rather than purely financial exercise. The approach is to partner with and acquire businesses that can accelerate the long-term vision of building the most customer-centric travel company while strengthening competitive advantages in travel categories with large, durable opportunities.

Acquisition criteria typically include:

  • Operate in large and growing travel or travel-adjacent markets
  • Possess teams, product, technology, AI capabilities, supply, or distribution advantages that complement ixigo
  • Demonstrated execution excellence and resilient founders or management teams
  • Create clear synergies with ixigo's user base, AI technology platform, and multi-modal travel ecosystem
  • Strengthen existing verticals or add new verticals/geographies faster than building in-house

Brevistay achieved over 50% revenue CAGR in recent years while achieving profitability without institutional capital. The acquisition gives ixigo immediate access to a large network of directly contracted hotels, deep hotel contracting expertise, and strong relationships across Tier 1, Tier 2, and Tier 3 markets.