Le Travenues Acquires Brevistay for ₹65.7 Cr, Invests ₹12 Cr in AI Startups

Le Travenues Technology has approved a combined strategic outlay of ₹77.69 crore to scale its core hospitality business and integrate advanced AI capabilities. Key Transactions: Brevistay Hospitality (Core Acquisition): Acquiring a 54.66% stake for ₹65.69 crore. Brevistay (FY26 revenue: ₹18.10 Cr) will become a subsidiary, significantly scaling Le Travenues' online hotel booking footprint. Ofintelligence / Proactai (AI Investment): Investing ₹7.5 crore for a 10.34% stake via CCPS to accelerate AI research and development. Forgeurai Systems / ***** (AI Investment): Investing ₹4.5 crore via FCDs to harness AI for autonomous agent orchestration and workflow automation. Strategic Rationale: The Brevistay deal provides immediate top-line growth and market share in the online hotel segment. Concurrently, the ₹12 crore combined investment in early-stage AI startups provides strategic access to next-generation tech, allowing Le Travenues to automate workflows and enhance user experience without heavy in-house R&D costs. Execution: All cash-funded, arm's-length transactions are expected to close by early July 2026 and require no regulatory approvals. $IXIGO