Pay-for-hour hotel booking co Brevistay raises Rs.3-Cr from IAN

Brevistay, a pay-for-hour room booking startup, has raised INR 3 crore led by Indian Angel Network. The seed round was led by IAN lead investors Uday Chattarjeee, Hari Balasubramniam, and Sri Prakash. The firm will use the fresh funds to strengthen its team and invest in marketing strategies. Brevistay allows customers to book hotels in slots of three, six and 12 hours with the flexibility to pick their own check-in time. The company's platform also allows hotels to manage inventory with the flexibility of their rooms in real-time. Brevistay claims to have a presence in more than 70 cities with over 2,800 hotels, notching up over 8 lakh app downloads.