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Season 2

Brevistay Shark Tank India Season 2

by IndiaSuccessStories
written by IndiaSuccessStories 0 comment
Brevistay Shark Tank India Season 2 Got No Deal from the sharks.

Brevistay Shark Tank India Season 2

Pitch no 153 with company details

Brevistay

In India, Brevistay is the hourly hotel brand that is expanding the fastest. We began operations with just five cities and have since expanded rapidly to operate with over 10,000 rooms in 4000+ hotels spread across more than 100 cities in India.

Founder of Brevistay

Brevistay was co-founded in 2016 by Prateek Singh, Avnish Kumar, Nikhil Kumar Pathak, Aditya Naithani, and Shubham Agarwal.

Brevistay Funding Round

Company Name

Brevistay

Shark Tank India Season

2

Episode No

47

Season No

2

Brand

Brevistay

Idea

Hourly hotel bookings

Original Ask

1 Crore for 1.66% Equity

Deal

No Deal

Invested By:

——

Their idea centered around providing a convenient platform where customers could book hotel rooms for short durations, ranging from a few hours to a day, at affordable rates. By targeting travelers, business professionals, and individuals looking for temporary accommodations, Brevistay sought to address the need for flexible booking solutions in the hospitality industry.

The Pitch:

Brevistay presented their unique proposition of facilitating hourly hotel bookings, catering to individuals seeking short-term accommodations for various purposes. With an ask of 1 Crore for a 1.66% equity stake in their company, they aimed to disrupt the traditional hotel booking model and capitalize on the growing demand for flexible lodging options.

The Deal:

Despite the potential of their concept to address a specific niche in the market and offer a solution to a common pain point for travelers, Brevistay left the tank without securing a deal. The sharks may have had reservations about the scalability of the business, competition within the sector, or the valuation proposed by the entrepreneurs.

Conclusion:

Brevistay's endeavor to revolutionize hourly hotel bookings reflects the shifting preferences and needs of modern travelers. While their pitch on Shark Tank may not have resulted in immediate investment, it serves as a valuable opportunity for them to fine-tune their strategy and pursue their vision of providing flexible and convenient lodging options for travelers worldwide.

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