Indian online travel platform Ixigo has agreed to acquire a 54.66% stake in hotel booking provider Brevistay for about $6.9 million (656.9 million Indian rupees).
The transaction, approved by Ixigo's board, includes a combination of primary and secondary share purchases. Upon completion, Brevistay will become a subsidiary of Ixigo. The company also secured rights to acquire the remaining stake in the future, subject to agreed conditions.
Founded in 2016, Brevistay specializes in flexible-duration hotel stays, enabling travelers to book rooms for shorter time periods as well as overnight stays. The company said it has built what it describes as India's largest flexible-stay hotel network, serving budget, midscale and premium properties across the country.
Following the acquisition, Ixigo and Brevistay's combined network will include more than 10,000 directly contracted hotels across India.
The deal will combine Brevistay's hotel contracting network, flexible-stay expertise and hotel relationships with Ixigo's artificial intelligence (AI)-driven technology platform, customer base and distribution capabilities, the companies said.
"Brevistay has built a category-defining platform with deep hotel partnerships and a strong presence in the flexible-stay segment," said Aloke Bajpai, Ixigo group CEO, and Rajnish Kumar, group co-CEO, in a joint statement.
The executives said the acquisition supports Ixigo's strategy to build a broader accommodation offering while helping hotel partners improve occupancy and revenue.
The Brevistay deal follows Ixigo's acquisition of a 60% stake in Spain-based rail and bus ticketing platform Trenes.com in February, a move that marked the company's expansion into Europe.
After securing a $146 million investment from Prosus in 2025, ixigo said 25% of the funding would be earmarked for inorganic growth. The company also acquired train booking platform Confirmtkt and bus operator AbhiBus in 2021.