Synopsis
Gurugram-based Ixigo has acquired a 55% stake in hotel-booking brand Brevistay for Rs 66 crore, significantly strengthening its hotels business. This move aims to expand Ixigo's directly contracted hotel network to 10,000 properties. The company also announced investments in AI startups ProactAI and Forgeurai Systems.Strengthening its hotels business was among Ixigo’s key focus areas when it raised $150 million from Dutch technology investor Prosus last year. The hotels segment, where Ixigo has had a limited presence, is considered one of the higher-margin categories for online travel agencies.
With Brevistay’s inventory, Ixigo will now have a network of 10,000 directly contracted hotels on its platform. In a joint statement, Aloke Bajpai, group CEO of Ixigo, and Rajnish Kumar, group co-CEO of Ixigo, said: “Brevistay has built a category-defining platform with deep hotel partnerships and a strong presence in the flexible-stay segment.”
Brevistay reported revenue of Rs 18 crore in FY26, up from Rs 12 crore in FY25. Ixigo’s investment in the Noida-based company includes both primary and secondary transactions. Brevistay’s founders—Prateek Singh, Shubham Agarwal and Nikhil Pathak—collectively own around 63% of the company.
“Together, we see significant opportunities to leverage technology, AI and distribution to create a more comprehensive accommodation ecosystem for Indian travellers while helping our hotel partners maximise utilisation and revenue, targeting a diverse pool of hotel bookers,” the statement said.
For the January-March quarter, Ixigo reported an 8% year-on-year increase in operating revenue to Rs 308 crore, while net profit nearly doubled to Rs 32 crore.
During the fourth quarter, flights emerged as Ixigo’s largest business vertical by gross transaction value. However, trains remained its biggest revenue contributor, accounting for nearly 40% of the company’s revenue.
Separately, Ixigo’s board approved a Rs 7.5 crore investment in ProactAI, which is building foundational AI models focused on person re-identification and object tracking. The company is also investing Rs 4.5 crore in Forgeurai Systems, which develops AI operating systems for enterprises, with a focus on autonomous AI-agent orchestration and workflow automation.
Ixigo said the investments in ProactAI and Vestra.AI will help accelerate the development of AI-powered software and related technologies. Both transactions are expected to be completed by July 5, while the Brevistay acquisition is slated to close by July 31.
