Ixigo buys 54.66% of Brevistay for Rs 65.69 Cr, bets Rs 12 Cr on two AI startups

Le Travenues Technology, Ixigo's parent, takes majority control of hourly-hotel booking platform Brevistay (FY26 revenue Rs 18.1 Cr) to deepen its hotels stack, while parking Rs 7.5 Cr in Proactai (10.34%) and Rs 4.5 Cr in Vestra.AI to build in-house AI capability. Move follows a Q4 FY26 print of Rs 308 Cr revenue and Rs 32 Cr profit (+92%).

— Source publishedFri, 5 Jun, 2026, 20:17 IST·First seen Fri, 5 Jun, 2026, 20:19 IST·Source Entrackr · Newsletter

What happened

ixigo · Ixigo parent Le Travenues acquires 54.66% of hotel booking startup Brevistay for Rs 65.69 Cr to strengthen hotel bookings, and invests Rs 12 Cr across

Key facts

  • Rs 65.69 Cr
  • 54.66% stake
  • Rs 7.5 Cr
  • 10.34% stake
  • Rs 4.5 Cr
  • Brevistay FY26 revenue Rs 18.1 Cr
  • Ixigo Q4 FY26 revenue Rs 308 Cr
  • Q4 profit Rs 32 Cr (+92%)

Why this matters

The Brevistay deal at ~3.6x FY26 revenue plus minority AI stakes shows a barbell playbook—control where it owns the customer journey, optionality where the tech is still maturing.

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