Pay-per-Hour hotel booking firm Brevistay raised INR 3 crore Seed Funding from the Indian Angel Network. Uday Chatterjee, Hari Balasubramanian, and Sri Prakash, who are IAN Lead Investors, are leading the round.
Brevistay, Co-founded by Prateek Singh, Shubham Agarwal, Nikhil Kumar Pathak, Aditya Naithani, and Avnish Kumar, enables users to book hotels in blocks of three, six, or twelve hours while also choosing their own check-in time.
Users can book a room at 1 am because the hotels listed on the platform accept reservations 24/7. This platform also enables hotels to manage inventory with the flexibility of their rooms in real-time.
Brevistay, a company 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 enhance comfort. Everyone can book a room, including millennials, business travellers, unmarried couples, etc., therefore the services provided are impartial.
Without considerable finance, Brevistay has operated as a bootstrapped business for the past six years. The company will be able to develop more innovative strategies to build an environment that is practical and advantageous for both clients and hotels thanks to the latest investment.
Additionally, When the pandemic hit, it had an impact on Brevistay’s growth. With a 1.5X growth in the nine months following the first lockdown and a 250 % increase in numbers in the next nine months starting with the second wave of COVID-19, the company did, however, make a strong comeback.