Travel Platform Strengthens Hospitality Presence Through Strategic Buyout
Online travel platform Ixigo is deepening its presence in the hospitality sector with the acquisition of a majority stake in hotel booking startup Brevistay Hospitality while simultaneously making strategic investments in two artificial intelligence startups.
Le Travenues Technology, the parent company of Ixigo, has approved the purchase of a 54.66% stake in Brevistay for Rs 65.69 crore, including a non-compete fee. The acquisition will be executed through a mix of primary and secondary transactions and will make Brevistay a subsidiary of Ixigo upon completion.
Founded in 2016, Brevistay specializes in flexible hotel bookings, allowing customers to reserve rooms for a few hours rather than an entire day. The startup has steadily expanded its business over the past three years, reporting revenue of Rs 18.1 crore in FY26, compared with Rs 12.23 crore in FY25 and Rs 8.83 crore in FY24.
The acquisition is expected to strengthen Ixigo’s hotel offerings and help the company capture a larger share of India’s growing accommodation market.
Company Backs AI Innovation Through Dual Investments
Alongside the acquisition, Ixigo has approved investments in two emerging artificial intelligence companies.
The company will invest Rs 7.5 crore in Ofintelligence Technologies, also known as Proactai, acquiring a 10.34% stake through compulsorily convertible preference shares. Proactai develops foundational AI models focused on person re-identification and object-tracking technologies.
Ixigo has also committed Rs 4.5 crore to Forgeurai Systems, the company behind Vestra.AI. The investment will be made through fully convertible debentures. Vestra.AI builds enterprise AI operating systems designed to automate workflows and orchestrate autonomous AI agents.
According to the company, these investments align with its broader vision of leveraging artificial intelligence to build next-generation software capabilities.
Growth Momentum Continues
The expansion plans come as Ixigo continues to deliver strong financial performance. Revenue from operations rose to Rs 308 crore in Q4 FY26 from Rs 284 crore a year earlier, while profit nearly doubled to Rs 32 crore.
The company expects the Brevistay acquisition and AI investments to support long-term growth by strengthening both its travel ecosystem and technology capabilities.
