Hospitality startup Brevistay bags Rs 3 crore in its seed funding round from IAN
- ByStartupStory | August 4, 2022
Brevistay, a pay-by-the-hour room booking business, has acquired Rs 3 crore in seed funding. IAN lead investors Uday Chatterjee, Hari Balasubramanian, and Sri Prakash are in charge of the investment round. With the financing, the business will be able to think of more inventive methods to build a helpful ecosystem for both customers and hotels.
Prateek Singh, Brevistay’s co-founder and CEO said, “We are altering the unit for hotel reservations. Not everything revolves around room night; there are also hotel hours. We are establishing a new method of operating the business in place of the traditional, long-standing pattern of the noon check-in and 11 am check-out time. We are considering growing with this financing in order to introduce this idea to more people in more cities.”
Sri Prakash, IAN’s led investor said, “We are supporting a skilled group of founders who have created a company with enormous potential in India. We anticipate the business to take the lead in the hourly booking of hotel rooms and comparable services. Our investment network at IAN will assist the business in any manner it can to help it reach its full potential.”
About Brevistay
Brevistay, a company that was founded in 2016, attempts to address the issue of customers paying too much for brief hotel stays. As hotels listed on the platform can be reserved for three hours and charged appropriately, the problem of check-ins at odd hours is also solved, making Brevistay an efficient approach to increase comfort. In India’s tourist industry, Brevistay is a budding firm that is pioneering the cutting-edge idea of micro-stay hotel reservations.
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