ixigo buys 54.66% of Brevistay for ₹65.69 cr to scale hotels play
Le Travenues Technology (ixigo) is taking a controlling 54.66% stake in flexible-stay platform Brevistay for ₹65.69 crore, making it a subsidiary. The deal pushes ixigo's directly contracted hotel inventory past 10,000 properties across Tier-I, II and III cities, deepening its push beyond ticketing.
What happened
ixigo is acquiring a 54.66% controlling stake in flexible-stay platform Brevistay for Rs 65.69 crore, making it a subsidiary. The deal expands ixigo's directly
Key facts
- 54.66% stake
- Rs 65.69 crore
- 10,000+ hotels
Why this matters
A 54.66% structure preserves Brevistay's founder incentives while giving ixigo subsidiary control—a useful template for acquiring niche travel platforms in Tier II/III markets at sub-₹100 cr tickets.