Are you looking for a flexible hotel booking service that can provide you with a room for just a few hours? Look no further than Brevistay!

With Brevistay, you can book a hotel room for as little as a few hours or as long as you need, without being charged for the entire day. This is a perfect solution for travelers who need a place to stay during a layover, for business meetings, or simply for a quick nap.

Hotel Booking Portal Business in India(Case Study)

Imagine being able to book a hotel room for just a few hours and not having to pay for an entire day! Brevistay makes it possible, and their flexible booking options are perfect for travelers who need a room for a short amount of time.

So why wait? Head to Brevistay’s website or download their app now to book your next hourly hotel room. With Brevistay, you can have a comfortable and affordable stay, no matter how long you need it.

Entrepreneur Name – Aditya Naithani, Shubham Agrawal, Pratik Singh, Nikhil Kumar Pathak, and Avnish Kumar

About the Entrepreneur – The company was founded by Aditya Naithani, Shubham Agrawal, Pratik Singh, Nikhil Kumar Pathak, and Avnish Kumar.

Aditya, originally from Dehradun, completed his B.Tech from Amity University and later pursued an MBA.

He has previously worked in digital marketing for eight months and now serves as the Chief Marketing Officer of Brevistay.

Shubham, hailing from Nainital, holds a B.Tech in electrical engineering from Chandigarh University and has worked for various companies, including Cognizant.

He currently holds the position of Chief Financial Officer at Brevistay.

Pratik, Aditya’s former classmate, is the CEO of Brevistay and completed his engineering degree from Amity University.

Nikhil, at the age of 20 and from Lucknow, has completed his B.Tech and worked as a software engineer for two years before joining Brevistay as the Chief Technology Officer.

Avnish, who has a B.Tech in computer science, is currently serving as the Chief Operating Officer of Brevistay.

LinkedIn Profile- https://www.linkedin.com/in/prateeksss/

Brand Name–	Brevistay
Brand Website-	https://www.brevistay.com/
Business Category–	Hotel Booking

Innovation – Yes, Brevistay’s business vision aims to offer a hassle-free and personable hotel booking process that caters to the individual’s requirement for a reliable and safe stay, along with uncomplicated identity verification.

Company Valuation–	₹60 Crores.
Equity Asked–	₹1 cr for 1.66% Equity
Deal Closed–	No
Target City/Country-	India.
Total Addressable Market-	US$7.66bn in 2023.
Product/Services–	Hourly Hotel Bookings

About the Product – Brevistay’s main focus is to maximize the utilization of hotel rooms, enabling customers to book 4 and 5-star hotels at reasonable hourly rates using their website or mobile app.

They offer rooms for 3, 6, and 12-hour durations, ensuring affordability and convenience for their customers.

All of the hotels they partner with are reputable and provide excellent amenities such as AC, TV, and Wi-Fi.

Since its establishment in 2016, Brevistay has expanded its services from 5 to 70 cities, offering over 3,200 hotels to their customers.

They have more than 10 lakh app downloads and have booked over 8 lakh rooms, making them the largest provider of hourly room services in India.

The company’s goal is to optimize the utilization of hotel rooms and make Brevistay the go-to platform for flexible hotel bookings.

Their focus was initially on metro cities but they have recently expanded their services to tier 2 and tier 3 cities.

Conclusion –

The pitchers asked ₹1 cr for 1.66% Equity. None of the sharks were interested in the deal. It concluded in No Deal.

Brevistay – Shark Tank India Pitch Review

Date: Undisclosed – Season Unspecified

Entrepreneurs:

• Aditya Naithani
• Shubham Agrawal
• Pratik Singh
• Nikhil Kumar Pathak
• Avnish Kumar

About Brevistay:

• Brevistay is a hotel booking platform in India that offers a unique and flexible service allowing customers to book hotel rooms for a few hours rather than a full day. This is particularly useful for travelers needing a short-term stay during layovers, business meetings, or for a quick rest.

Entrepreneurial Team:

• Aditya Naithani: Chief Marketing Officer, with a background in digital marketing.
• Shubham Agrawal: Chief Financial Officer, with a B.Tech in electrical engineering.
• Pratik Singh: CEO, an engineering graduate with experience.
• Nikhil Kumar Pathak: Chief Technology Officer, started working as a software engineer at the age of 20.
• Avnish Kumar: Chief Operating Officer, holds a B.Tech in computer science.

Business Details:

• Brand Name: Brevistay
• Brand Website: Brevistay
• Business Category: Hotel Booking
• Innovation: Yes, focusing on hourly hotel bookings.
• Company Valuation: ₹60 Crores.
• Equity Asked: ₹1 cr for 1.66% Equity
• Deal Closed: No
• Target City/Country: India
• Total Addressable Market: Estimated at US$7.66 billion in 2023.

Product/Services:

• Brevistay specializes in hourly hotel bookings, providing flexibility for customers to book hotel rooms for 3, 6, or 12 hours.
• Focus on offering 4 and 5-star hotels at reasonable hourly rates.
• Expansion from 5 to 70 cities, with over 3,200 hotel partnerships.
• Over 10 lakh app downloads and more than 8 lakh rooms booked.
• Aim to optimize hotel room utilization and become a leading platform for flexible hotel bookings.

Conclusion:

• The entrepreneurs sought ₹1 cr for 1.66% equity but did not secure a deal on Shark Tank India. The sharks were not interested, and the pitch concluded with no deal.

Please note that the specific episode details and sharks’ feedback are not provided, and the conclusion is based on the information available.

Business Model – Brevistay (Short-Term Hotel Booking Platform)

Advantages/Strengths:

1. Market Gap Fulfillment: Brevistay addresses a specific market gap by providing short-term hotel bookings, catering to travelers in need of flexibility for layovers, business meetings, or short rests.
2. Unique Service Offering: The platform stands out by offering a unique and flexible service not commonly found in traditional hotel booking platforms.
3. Targeted Niche: Focus on short-term stays caters to a niche audience, potentially reducing competition from mainstream hotel booking platforms.
4. Increased Room Turnover: Shorter stays allow for quicker room turnover, potentially leading to increased revenue for hotels partnering with Brevistay.

Risks/Challenges:

1. Regulatory Challenges: Short-term stays may face regulatory challenges, especially in regions with strict hotel regulations. Mitigation: Establish legal experts to navigate and comply with local regulations.
2. Quality of Service: Shorter stays might compromise the quality of services, leading to customer dissatisfaction. Mitigation: Implement stringent quality control measures and feedback mechanisms.
3. Limited Hotel Partnerships: Convincing hotels to participate in short-term stays could be challenging, limiting the platform’s offerings. Mitigation: Develop strong value propositions for hotel partners and establish mutually beneficial partnerships.
4. Perception and Marketing: Convincing customers of the value and legitimacy of short-term stays might require robust marketing efforts. Mitigation: Invest in effective marketing campaigns highlighting the benefits and reliability of the service.
5. Customer Trust: Customers may be hesitant due to the unconventional nature of short-term bookings. Mitigation: Establish transparent policies, showcase customer testimonials, and offer guarantees to build trust.
6. Competition from Established Platforms: Larger hotel booking platforms may adapt to include short-term stays, posing a threat to Brevistay. Mitigation: Continuously innovate, improve services, and build a loyal customer base.
7. Dependency on External Factors: Economic downturns, travel restrictions, or health crises can significantly impact short-term travel. Mitigation: Diversify offerings, explore long-term stay options, and implement flexible policies.
8. Operational Logistics: Managing short-term stays efficiently requires robust operational logistics. Mitigation: Invest in advanced booking systems, streamline processes, and ensure effective communication with hotel partners.

Mitigation Strategies:

1. Legal Expertise: Employ legal experts to stay informed about and compliant with local regulations.
2. Quality Assurance: Implement stringent quality control measures, gather customer feedback, and continuously improve services.
3. Value Propositions: Develop compelling value propositions for hotel partners to encourage participation.
4. Effective Marketing: Invest in marketing strategies that highlight the unique benefits and reliability of short-term stays.
5. Transparency and Guarantees: Establish transparent policies, offer guarantees, and showcase customer testimonials to build trust.
6. Continuous Innovation: Stay ahead by continuously innovating, improving services, and adapting to changing market conditions.
7. Diversification: Explore opportunities for diversification, including long-term stay options, to mitigate the impact of external factors.
8. Advanced Systems: Invest in advanced booking systems and streamline operational logistics for efficient management.