What is Brevistay?
Brevistay is a hotel booking platform that lets you book any hotel for 3/6/12 hours. The price is affordable. The hotels are 4 or 5 stars in the category. All the hotel comes with good service. It’s not like you’ll get shady hotels.
Brevistay is basically an hourly room provider. Currently, 70% of users of Brevistay are couples.
Using the Brevistay platform, hotels can utilize their vacant rooms. Hotels can sell 1 room multiple times.
Who is the Founder of Brevistay?
Aditya Naithani, Shubham Agarwal, Prateek Singh, Nikhil Kumar & Avnish Kumar are the founders of Brevistay. Aditya is the CMO, Shubham is the CFO, Prateek is the CEO, Nikhil is the CTO & Avnish is the COO.
Brevistay Before Shark Tank India?
They started Brevistay in 2016. They started with only 5 cities. Currently, Brevistay is available in 70+ cities. It has 3200 hotels on board.
The mobile application has been downloaded more than 1 million times.
Brevistay mainly operates in metros. They are also expanding in tier 2/3 cities.
How much money did they ask for on the pitch?
They came to Shark Tank India seeking ₹1 Crore for 1.66% equity in the company Brevistay. Which gives the company a valuation of ₹60 Crores.
How to use Brevistay?
Unit Economics of Brevistay
The average booking price for 3 hours is ₹800. Brevistay is not making any money at the moment.
What are the Annual Sales of Brevistay?
Their gross merchandise value for last year was ₹18 Crores. The Commission of Brevistay is ₹3.04 Crores. Last month’s sales were 42 Lakhs.
Which shark gave Brevistay an offer?
Aman Gupta was out. He advised them to think more about their business.
Namita Thapar was out. She found the entire business model very risky.
Anupam Mittal was out. He thought the market was big but not ready yet. They wouldn’t be able to reap the profit when the market is fully ready.
Vineeta Singh was out. She felt the business was too dependent on external factors.
Amit Jain was out. He liked the founders. He wasn’t convinced by the numbers. That’s why he didn’t give any offer.
What deal did Brevistay get in Shark Tank India?
Brevistay didn’t get any deal in Shark Tank India.
|Aditya Naithani, Shubham Agarwal, Prateek Singh, Nikhil Kumar & Avnish Kumar
|₹1 Crore for 1.66%
|Company Net Worth
What is the net worth of Brevistay?
The net worth of Brevistay is ₹60 Crores.
Is Brevistay still in Business?
Yes, Brevistay is still in the hourly hotel booking business.