Ixigo bets ₹65.7 cr on Brevistay stake and AI startups to widen tier-II/III hotel moat
Ixigo acquired 54.66% of hourly-stay platform Brevistay for ₹65.69 crore and took positions in ProactAI and Vestra.AI, aiming to deepen mid-budget hotel inventory beyond its 60% online rail share. Q4FY26 revenue hit ₹308.05 crore on ₹4,798 crore GTV, but the stock is down 39% in 2026 at a 89.5x P/E — analysts flag a 2-year payoff window.
Ixigo acquires 54.66% of hourly hotel platform Brevistay for ₹65.69 crore and invests in AI startups ProactAI and Vestra.AI, targeting tier-II/III mid-budget hotel inventory; analysts see 2-year execution runway.