Ixigo buys 54.66% of Brevistay for ₹65.69 cr to scale hotel inventory
Le Travenues Technology's board cleared a ₹65.69 crore acquisition of a controlling 54.66% stake in flexible-stay platform Brevistay, making it a subsidiary. The deal expands ixigo's contracted hotel network to over 10,000 properties across India and deepens its push into the short-stay segment.
What happened
ixigo · Ixigo's board approved acquiring a 54.66% majority stake in flexible-stay hotel network Brevistay for ₹65.69 crore via secondary and primary share
Key facts
- ₹65.69 crore
- 54.66% stake
- 10,000+ hotels
- founded 2016
Why this matters
Clean majority structure (54.66%) with subsidiary consolidation gives ixigo control over Brevistay's roadmap while leaving room for staged buyouts of the remaining stake.