The company has also committed Rs 12 crore to two artificial intelligence startups as part of its strategy to strengthen its hotels business and technology capabilities.
The acquisition will include a non-compete fee and, upon completion, Brevistay will become a subsidiary of ixigo. The company will also have the right to acquire the remaining stake in the hotel-booking platform in the future, subject to certain conditions.
Founded in 2016, Brevistay operates a platform that enables users to book hotel rooms for flexible durations, including hourly stays. The company reported an unaudited turnover of Rs 18.1 crore in FY26, compared with Rs 12.23 crore in FY25 and Rs 8.83 crore in FY24.
The transaction is expected to be completed on or before July 31, 2026. With the acquisition, ixigo aims to strengthen its hotels business and expand its accommodation offerings.
In a separate development, ixigo approved an investment of Rs 7.5 crore in Ofintelligence Technologies Pvt Ltd (Proactai) for a 10.34% stake through subscription of compulsorily convertible preference shares.
Proactai, incorporated in May 2024, develops vertical foundational AI models focused on person re-identification and object tracking. The startup reported unaudited revenue of Rs 12.02 lakh in FY26.
The company also approved an investment of Rs 4.5 crore in Forgeurai Systems (Vestra.AI) through subscription of 450,000 fully convertible debentures.
Vestra.AI develops AI operating systems for enterprises, focusing on autonomous AI agent orchestration and workflow automation. The company reported revenue of Rs 1.25 lakh in FY26.
According to ixigo, the investments in Proactai and Vestra.AI will help accelerate development of AI-powered software and strengthen its artificial intelligence capabilities.
All transactions will be executed in cash and are subject to customary closing conditions. The company said none of the deals are related-party transactions.
Le Travenues Technology was founded in 2006 and is an online travel agency (OTA) that enables travelers to book train, flight, and bus tickets as well as hotels via its OTA platforms under the brand name 'ixigo'.
The company's consolidated net profit jumped 91.1% to Rs 31.96 crore on 8.4% rise in revenue from operations to Rs 308.05 crore in Q4 FY26 over Q4 FY25.
The scrip rose 1.63% to end at Rs 155.45 on the BSE on Friday, June 5, 2026.
Powered by Capital Market - Live News
Beware of fraudulent tips, unauthenticated news and advice on stock market.
At BOB Capital, your account security is our topmost priority. Beware of receiving fraudulent communications, unauthenticated trading tips and unsolicited calls on trading in stocks from unverified sources, received through Whatsapp, Telegram, SMS, Calls, etc and take an informed decision before investing.
What should you do if you receive a trading tip over phone or SMS?
Report unsolicited messages to the Stock Exchange on +91 8291833676 or on designated email id i.e. feedbk_invg@nse.co.in. Please visit here to understand better.
Please visit CVC website at pledge.cvc.nic.in and take "Integrity Pledge" to be an active part of the "Satark Bharat, Samriddh Bharat" (Vigilant India, Prosperous India).
Filing complaints on SCORES - Easy & quick: a. Register on SCORES portal scores.sebi.gov.in/ b. Mandatory details for filing complaints on SCORES are i. Name, PAN, Address, Mobile Number, E-mail ID. c. Benefits: i. Effective communication ii. Speedy redressal of the grievances.
Valued Customer,
BOB Capital Markets Limited (BOBCaps) is firmly committed to the safety of your wealth. We would like to bring to your notice certain precautions that you certainly must take against potential tele-fraudsters/ unscrupulous and unregistered portfolio managers:
ALWAYS AVOID
We would like to caution you against such fraudulent calls and SMSes and urge you to be alert. Follow the golden rule:
Do not share your Login Credentials or Passwords with anybody
BOBCaps employees / representatives never ask for your password.
Certain tele-fraudsters / unscrupulous and unregistered portfolio managers call customers or SMS them on the pretext of providing investment tips and lure them to invest through their bogus firms by promising huge profits.
Such deceitful callers ask the customer to share his/her login credentials with passwords to allow trading in their accounts, assuring huge returns.
Often trades done in the customer’s accounts are far from the best interest of the customers. Holdings of customers are often sold and with the funds, trades are then placed in illiquid securities at unrealistic prices.
At times, the holdings of customers are sold at prices detrimental to the customer. The so-called “portfolio manager” assures profits, which naturally does not materialize. Customers are deceived into providing access to their trading accounts, thereby allowing such fraudsters access to funds and securities available to execute trades, injurious to the customer’s interest.
In our continuous effort to keep you safeguard from the market related frauds and increase awareness while conducting trades, we request you to go through the Press Release issued by the NSE and would request you to ensure that you do not engage with the individuals and entities mentioned below: