In this episode of Shark Tank India Brevistay, an hourly hotel booking services company presents the pitch. Will the founder get a deal from the sharks? To know about the agreement read till the end.
| Company name | Brevistay |
| Founders | Aditya Naithani, Shubham Agrawal, Pratik Singh, Nikhil Kumar Pathak and Avnish Kumar |
| Ask | ₹1 crore for 1.66% equity |
Brevistay Founder
Aditya Naithani, Shubham Agrawal, Pratik Singh, Nikhil Kumar Pathak and Avnish Kumar are the founders of the company.
Aditya is from Dehradun and has completed b.tech from Amity. He has done MBA and did a digital marketing job for 8 months. Currently he is working as chief marketing officer of Brevistay.
Shubham is from Nainital. He has done a B.tech in electrical engineering from Chandigarh University. He worked with various companies like Cognizant. Currently, he is working as a chief financial officer of Brevistay.
Pratik has done engineering from Amity. Aditya was his classmate. He is the CEO of Brevistay.
Nikhil is from Lucknow and he is 20 years old. He has done B.tech and worked as a software engineer for 2 years. He is currently working as CTO of Brevistay.
Avnish has done B.Tech in computer science. Currently he is working as COO of Brevistay.
About the company Brevistay
It isn’t easy to get hotels for a few hours. Brevistay optimizes the use of hotel rooms. By using the app and website of Brevistay one can book 4 star and 5 star hotels on the basis of hours used at affordable prices. They provide hotel rooms 3 hours, 6 hours and 12 hourly. All their hotels are genuine and provide good services. All the hotels contain AC TV and Wi-Fi. They started the company in 2016. Initially they worked with 5 cities and now have spread to 70 cities with more than 3200 hotels. They have more than 10 lacs app downloads and 8 lacs bookings. They are India’s largest hourly room provider service-giving company. Their vision is to optimize the hotel rooms properly and make Brevistay the biggest platform for flexible hotel booking. Their major hotels are present in metros. Recently they have started to expand tier 2 and tier 3 cities.
Ask by the Owner Brevistay
The owners ask for ₹1 crore for 1.66% equity of the company at the valuation of 60 crores.
Brevistay Sales And Revenue
The average booking price for 3 hours is ₹800. Their gross merchandise value is ₹18 crores. Their commission is 3.04 crores. Their take rate is 17%. In FY 21 to 22 profit before tax is 16 lakhs. Last month’s sales were 42 lacs. Last month GMV was 2.4 crores. The market size of hourly hotels is 35 to 40 crores.
Offers and Counteroffers
No offers were given as all the sharks stepped out of the deal.
Brevistay Final deal
No final deal was done.