Indian travel expertise firm ixigo has accepted the acquisition of a 54.66% stake in hotel booking platform Brevistay for Rs 65.69 crore, together with a non-compete price.

The transaction can be carried out by means of a mixture of major and secondary share purchases and stays topic to the completion of agreed situations. As soon as accomplished, Brevistay will grow to be a subsidiary of ixigo’s dad or mum firm, Le Travenues Expertise.

ixigo may even have the correct to purchase the remaining stake in Brevistay sooner or later, topic to sure situations.

Brevistay, included in 2016, operates a web site and cell app that permit customers to ebook resort rooms for versatile durations. The corporate provides short-stay and in a single day bookings, together with slots of three, six and 12 hours.

The acquisition is geared toward strengthening ixigo’s resorts enterprise and increasing its presence in India’s lodging market.

Brevistay reported unaudited turnover of Rs 18.10 crore in FY26, in contrast with Rs 12.23 crore in FY25 and Rs 8.83 crore in FY24. The acquisition is predicted to be accomplished on or earlier than 31 July 2026.

AI investments

ixigo’s board additionally accepted two investments in AI firms.

The corporate will make investments Rs 7.50 crore in Ofintelligence Applied sciences, which operates ProactAI, for a ten.34% stake on a totally diluted foundation. The funding can be made by means of the subscription of two,394 compulsorily convertible desire shares.

ProactAI, included in Might 2024, is constructing AI fashions for individual re-identification and object monitoring. It reported unaudited turnover of Rs 12.02 lakh in FY26.

ixigo may even subscribe to 450,000 absolutely convertible debentures issued by Forgeurai Programs, which operates Vestra.AI, for Rs 4.50 crore. The debentures carry a face worth of Rs 100 every.

Vestra.AI develops customized AI working techniques for companies, with a deal with autonomous AI agent orchestration and workflow automation. It reported turnover of Rs 1.25 lakh in FY26.

Earlier this yr, ixigo approved the acquisition of a 60% stake in Spanish practice ticketing platform Trenes for about €11.7 million, or roughly Rs 125 crore. It additionally accepted the acquisition of a forty five.02% stake in Sqaas for €450,000, or about Rs 4.8 crore.

For the quarter ended March 2026, Le Travenues Expertise reported working income of Rs 308 crore, up 8.5% year-on-year. Web revenue stood at about Rs 32 crore.