ixigo to acquire 54.66% stake in Brevistay for ₹65.69 crore, expands hotel network past 10,000 properties
ixigo's board approved buying a controlling 54.66% stake in flexible-stay platform Brevistay for ₹65.69 crore, turning it into a subsidiary. The deal scales ixigo's directly-contracted hotel inventory to over 10,000 properties across Tier 1-3 cities, deepening its push into the hotels vertical beyond its core flights and trains business.
What happened
ixigo's board approved acquiring a 54.66% stake in flexible-stay hotel booking platform Brevistay for ₹65.69 crore, making it a subsidiary. The deal expands
Key facts
- 54.66% stake
- ₹65.69 crore
- 10,000+ hotels
- share price ₹154.85
Why this matters
ixigo's tuck-in of flexible-stay platform Brevistay at a 54.66% controlling stake signals a clear M&A playbook of acquiring niche inventory aggregators to leapfrog organic hotel supply build-out.