Hospitality startup Brevistay raises seed round from IAN
Brevistay, a pay-for-hour room booking startup, has raised Rs 3 crore led by Indian Angel Network in its seed round. The round is led by IAN lead investors Uday Chattarjeee, Hari Balasubramniam, and Sri Prakash.
According to Brevistay, the fresh funds will be utilised to strengthen its team and invest in marketing strategies.
Brevistay allows customers to book hotels in slots of three, six and 12 hours with flexibility to pick their own check-in time. The company’s platform also allows hotels to manage inventory with the flexibility of their rooms in real-time.
Brevistay aims to solve customers’ common problem of overpaying for short stays at hotels. The check-in issue at odd times also gets resolved as the hotels registered on the platform can be booked for three hours and paid accordingly.
Brevistay claims to have presence in more than 70 cities with over 2,800 hotels and having 8 lakh app downloads. The company saw 1.5x growth in the nine months after the first lockdown and recorded a 250% spike in the numbers in the next nine months after the second wave of COVID-19.
Brevistay seems to be a fascinating startup with a motivating turn of events on the hospitality platform. Best wishes for the new startup business venture. I wish them great success in the future!Shishir Gupta, Founder and CEO, StartupLanes
If you are an emerging startup and are looking for investors to raise funds, StartupLanes has its own angel network and investment banking services and is connected to angel investors and VCs in 15 countries that ensure that our member startups have easy access to external funds to scale up constantly.
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