ixigo Buys 54.66% of Brevistay for Rs 65.59 Cr, Pushes Hotels Inventory Past 10,000 Properties
ixigo's board has approved acquiring a 54.66% majority stake in flexible-stay hotel network Brevistay for Rs 65.59 crore, turning it into a subsidiary. The deal scales ixigo's hotels business to 10,000+ directly contracted India properties, deepening its push beyond air and rail into accommodation.
What happened
ixigo's board approved acquiring a 54.66% majority stake in flexible-stay hotel network Brevistay for Rs 65.69 crore, making it a subsidiary. The deal expands
Key facts
- Rs 65.69 crore
- 54.66% stake
- 10,000+ hotels
Why this matters
Majority-stake roll-up of a niche flexible-stay player signals a buy-vs-build playbook for accommodation inventory; expect more sub-scale Indian hotel-tech targets to come into play at sub-Rs 100 cr tickets.