Ixigo to Acquire Majority Stake in Brevistay for Rs 66 Crore

Travel technology platform Ixigo is set to acquire a majority stake in Brevistay. The deal involves an investment of Rs 66 crore, according to reports. This move marks a significant expansion in Ixigo's accommodation strategy. Brevistay operates in the budget hotel and homestay segment. The acquisition aims to strengthen Ixigo's presence in the hospitality sector. It reflects a broader trend of consolidation in the travel tech industry. The transaction is expected to enhance the service offerings for travelers. Further details regarding the closing of the deal are anticipated soon.