Listed traveltech giant ixigos board has approved to acquire 54.66% stake in traveltech startup Brevistay (Brevistay Hospitality Pvt Ltd) for a 65.69 Cr ($6.9 Mn) through a combination of secondary and primary share purchase deals. Post the acquisition, ixigo said Brevistay will become a subsidiary of the traveltech platform. The company will also get the right to purchase the remaining stake in the future subject to fulfilment of certain conditions. Its turnover for the fiscal year FY26 zoomed 48% YoY to 18.1 Cr. Previously, the startup’s institutional funding was led by the Indian Angel Network (IAN), which invested 3 Cr in Brevistay’s 2022 seed round. Competing with the likes of Zostel and OYO, Brevistay allows users to book hotel rooms…
India Business and Economic Context
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Key Points at a Glance
- Originally reported by leading Indian financial media
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Source & Further Reading
This news report was originally published by Inc42 on Fri, 05 Jun 2026.
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