Ixigo Acquires 55 Percent Stake in Hotel Booking Platform Brevistay for Rs 66 Crore to Expand Accommodation Business
Gurugram-based online travel platform Ixigo has acquired a 54.66% stake in Noida-based hotel booking brand Brevistay for Rs 65.69 crore (approximately Rs 66 crore), the company announced on Friday. The board-approved acquisition includes both primary and secondary share purchases and is expected to close by 31 July 2026, after which Brevistay will become a subsidiary of Ixigo.
The deal also includes a non-compete fee and gives Ixigo the right to acquire the remaining stake in Brevistay in the future, subject to certain conditions — a structure that signals Ixigo’s intent to eventually absorb the brand fully into its platform.
Why Brevistay
Brevistay operates in the short-stay and budget hotel segment, offering room bookings for durations as short as a few hours — a model that caters to travellers with layovers, business meetings, or day-use requirements. The platform has built a niche in India’s fragmented budget accommodation market, particularly in Tier-1 and Tier-2 cities where demand for flexible, affordable hotel options has grown steadily.
For Ixigo, which has built its reputation primarily as a travel search and comparison platform for flights, trains, and buses, the Brevistay acquisition represents a strategic push into the accommodation vertical. While Ixigo already offers hotel listings through partnerships, owning a hotel booking brand gives it greater control over the customer experience, pricing, and supply-side relationships.
“The accommodation segment is the logical next step for Ixigo,” said Aloke Bajpai, co-founder and CEO of Ixigo. “Brevistay’s focus on budget and short-stay bookings aligns perfectly with our core user base — value-conscious Indian travellers who are increasingly booking entire trips through a single platform.”
The Numbers
While Brevistay’s detailed financials were not disclosed as part of the announcement, industry estimates suggest the platform processes between 15,000 and 20,000 bookings per month, with an average booking value in the Rs 1,500-3,000 range. The short-stay model typically generates higher revenue per available room hour than traditional full-night bookings, making it an attractive segment for operators willing to manage the operational complexity.
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Ixigo, which went public in 2024, reported consolidated revenues of Rs 830 crore for FY26, with its train and bus booking segments driving the majority of its top line. The hotel vertical contributed less than 10% of revenue — a proportion the Brevistay acquisition is designed to change.
The Rs 66 crore acquisition price implies a relatively modest valuation for Brevistay, suggesting Ixigo negotiated from a position of strength. In the current fundraising environment, where late-stage startups face pressure to demonstrate profitability, smaller players in competitive verticals have limited bargaining power when approached by larger, publicly listed acquirers.
Competitive Landscape
India’s online hotel booking market is dominated by MakeMyTrip-Goibibo and OYO, with newer entrants like Cleartrip (owned by Flipkart) and Yatra also competing for market share. Ixigo’s entry through Brevistay positions it in a differentiated segment — short-stay and budget — where the dominant players have less focus.
The acquisition also comes at a time when India’s domestic travel market is booming. Domestic air passenger traffic crossed 180 million in FY26, and the railway network handled over 8 billion passenger journeys. Budget hotel demand tracks closely with overall travel volumes, giving Ixigo a growing addressable market.
“The Indian OTA market is consolidating, and Ixigo is positioning itself as the platform for India’s mass-market traveller,” said Jayanth Kolla, founder of technology research firm Convergence Catalyst. “Brevistay gives them a hotel vertical without the capital intensity of building it from scratch. At Rs 66 crore, it’s a sensible bet.”
Integration and Road Ahead
Post-acquisition, Ixigo plans to integrate Brevistay’s inventory into its main app, offering users a seamless booking experience across trains, flights, buses, and now hotels. The company is also expected to invest in expanding Brevistay’s supply — adding more hotel properties in cities where Ixigo has strong user traction.
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The transaction is expected to be completed by the end of July, with full integration anticipated by the end of Q3 FY27. For Ixigo shareholders, the Brevistay acquisition represents a measured approach to diversification — one that adds a high-potential revenue stream without straining the balance sheet.
The Budget Travel Opportunity
India’s budget travel segment represents an enormous and largely untapped opportunity for online travel platforms. While premium hotel booking is well served by established OTAs, the budget and economy segment — which accounts for over 60% of total hotel room nights in India — remains fragmented, with most bookings still happening offline through walk-ins, phone calls, and local travel agents.
Brevistay’s focus on this segment, combined with its flexible short-stay model, positions the platform to capture a demographic that traditional OTAs have struggled to reach. The typical Brevistay customer is a Tier-2 or Tier-3 city traveller visiting a metro for a day trip, a sales professional needing a room between meetings, or a couple seeking a few hours of privacy — use cases that don’t fit neatly into the full-night booking model that dominates the industry.
“The short-stay model is underserved globally, not just in India,” said travel industry analyst Sharat Dhall, former president of Yatra. “In India specifically, where the concept of hourly hotel booking carries social stigma, Brevistay has done a good job of repositioning it as a practical, mainstream service. Ixigo can accelerate that repositioning with its brand trust and user base.”
For hotel operators, the Brevistay model offers an opportunity to monetise room inventory during traditionally dead hours — check-out to check-in windows that generate zero revenue in the standard overnight model. If Ixigo can scale this proposition while maintaining quality standards, it could unlock value for both supply and demand sides of the market.
The Brevistay acquisition, modest in size, could prove disproportionately significant for Ixigo’s long-term revenue diversification. In an industry where customer acquisition costs are rising and competition for the premium traveller is fierce, owning a differentiated niche may be the smarter play.
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