Ixigo bets ₹65.7 cr on Brevistay stake and AI startups to widen tier-II/III hotel moat
Ixigo acquired 54.66% of hourly-stay platform Brevistay for ₹65.69 crore and took positions in ProactAI and Vestra.AI, aiming to deepen mid-budget hotel inventory beyond its 60% online rail share. Q4FY26 revenue hit ₹308.05 crore on ₹4,798 crore GTV, but the stock is down 39% in 2026 at a 89.5x P/E — analysts flag a 2-year payoff window.
What happened
ixigo · Ixigo acquires 54.66% of hourly hotel platform Brevistay for ₹65.69 crore and invests in AI startups ProactAI and Vestra.AI, targeting tier-II/III
Key facts
- 54.66% stake
- ₹65.69 crore
- 60% online rail share
- Q4FY26 revenue ₹308.05 crore
- GTV ₹4,798 crore
- stock down 39% in 2026
- P/E 89.5x
Why this matters
Stacking a control buy of Brevistay alongside ProactAI and Vestra.AI minority stakes signals a build-and-buy stack — expect more bolt-ons in hotels and AI tooling to defend the 60% rail moat.