India, June 5 -- Listed traveltech giant ixigo's board has approved to acquire 54.66% stake in traveltech startup Brevistay (Brevistay Hospitality Pvt Ltd) for a Rs.65.69 Cr ($6.9 Mn) through a combination of secondary and primary share purchase deals.

Post the acquisition, ixigo said Brevistay will become a subsidiary of the traveltech platform. The company will also get the right to purchase the remaining stake in the future subject to fulfilment of certain conditions. Its turnover for the fiscal year FY26 zoomed 48% YoY to Rs.18.1 Cr.

The investment is set to be completed on or before July 31.

Founded in 2016 by Prateek Singh, Nikhil Pathak, Aditya Naithani and Shubham Agarwal, Brevistay provides an online platform for its users to ...