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ixigo's AbhiBus Partners with Uber for Intercity Bus Bookings Across 6 Lakh+ Routes
ixigo's bus vertical, AbhiBus, has entered into a strategic partnership with Uber to integrate intercity bus bookings directly into the Uber app. This collaboration provides Uber's massive user base access to AbhiBus's inventory of over 6 lakh routes and 6,200 bus operators. For ixigo, this represents a significant expansion of its distribution network, leveraging Uber's reach to drive higher booking volumes. The integration includes advanced features like real-time tracking and 24/7 support, enhancing the value proposition for travelers.
Key Highlights
Integration of AbhiBus inventory into the Uber app covering 6,00,000+ routes.
Access to a network of over 6,200 bus operators including State Road Transport Corporations.
Leverages ixigo's massive scale, which saw 54 crore Annual Active Users in FY25.
Provides Uber users with end-to-end booking features like seat selection and live tracking.
💼 Action for Investors
This is a strong growth catalyst for ixigo's bus segment as it taps into Uber's high-intent traveler base. Investors should monitor the impact on transaction volumes and take-rates in the upcoming quarterly results.
IXIGO to Acquire 60% Stake in Spanish OTA 'Trenes' for €11.70 Million (₹126 Cr)
IXIGO is expanding internationally by acquiring a 60% stake in Online Travel Solutions S.L. (Trenes), the #2 train OTA in Spain, for approximately ₹126 Cr. Trenes is a profitable, capital-efficient business with CY25 revenue of €5.5M and a PAT of €1.35M (₹14.5 Cr). The acquisition is funded through the company's ₹1,296 Cr preferential issue from Prosus, leaving IXIGO with a strong cash reserve of over ₹1,700 Cr. This move aims to replicate IXIGO's 60% Indian train OTA market share in the mature European rail ecosystem.
Key Highlights
Acquisition of 60% stake in Trenes for €11.70M (₹126 Cr) via Singapore subsidiary IXIGO PTE. LTD.
Trenes is profitable with CY25 PAT of €1.35M (approx. ₹14.5 Cr) and revenue of €5.5M.
Spain represents a large TAM with ~600M annual rail passengers and low OTA penetration of ~30%.
IXIGO maintains a robust cash balance of >₹1,700 Cr as of January 31, 2026, with zero long-term debt.
Future earnout obligations for the remaining stake are contingent on Trenes' future financial performance.
💼 Action for Investors
Investors should look favorably on this acquisition as it provides a profitable entry into a high-margin international market using existing cash. Monitor the successful integration of IXIGO's AI-native tech stack into the Spanish platform to drive further growth.
ixigo to Acquire 60% Stake in Spain's Trenes and 45% in Sqaas for €12.15 Million
Le Travenues Technology (ixigo) is expanding into the European market by acquiring a 60% stake in Online Travel Solutions (Trenes), Spain's second-largest train OTA, for €11.70 million. Additionally, the company is acquiring a 45.02% stake in Sqaas, a Spanish AI-focused technology firm, for €0.45 million. These acquisitions, executed through its Singapore subsidiary, aim to leverage ixigo's AI and travel tech leadership in Southern Europe. Both transactions are cash-based and expected to be completed by March 31, 2026, with ixigo holding rights to acquire remaining stakes in the future.
Key Highlights
Acquiring 60% of Trenes, the 2nd largest train OTA in Spain, for a total consideration of €11.70 million
Trenes demonstrated strong growth with revenue rising from €1.85 million in CY23 to €5.50 million in CY25
Acquiring 45.02% of Sqaas, an early-stage AI technology company, for €0.45 million to boost R&D
Both acquisitions are expected to be completed by March 31, 2026, using cash consideration
ixigo retains the right to acquire the remaining equity in both companies subject to specific conditions
💼 Action for Investors
Investors should view this as a strategic move to diversify revenue streams and enter the high-potential European rail market. Monitor the integration of these entities and their contribution to consolidated EBITDA margins over the next 12-18 months.
Ixigo Approves €15.3 Million Investment for European Acquisitions; Allots ESOP Shares
Le Travenues Technology (Ixigo) has approved a significant investment of €15.3 million (approximately ₹140 crore) into its Singapore-based subsidiary, IXIGO PTE. LTD. This capital is specifically earmarked for the acquisition of travel technology businesses in Europe, signaling a major international expansion push. Additionally, the company allotted 112,220 equity shares following the exercise of employee stock options. The investment is expected to be completed by March 31, 2026, and aims to strengthen global business synergies and international presence.
Key Highlights
Approved investment of €15.3 million in wholly owned subsidiary IXIGO PTE. LTD. at par value.
Funds are designated for strategic acquisitions and business investments specifically in the European market.
Allotted 112,220 equity shares under ESOP schemes, increasing paid-up capital to ₹43.81 crore.
The investment process is slated for completion by the end of the current financial year, March 31, 2026.
The Singapore subsidiary was recently incorporated in December 2025 to lead international strategic initiatives.
💼 Action for Investors
Investors should monitor upcoming announcements regarding specific European acquisition targets, as these will define the company's international growth trajectory. The move suggests a strategic shift from a domestic-focused OTA to a global travel tech player.
ixigo Launches Pan-India Airport Cab Service Across 100+ Cities
ixigo has launched a dedicated 'Airport Cabs' service across 100+ cities in India, aiming to capture the first and last mile of travel. This service is a strategic extension of its flight booking business, designed to increase customer stickiness and average revenue per user. The platform is leveraging its massive base of 54 crore annual active users (FY25) to cross-sell these services with features like zero cancellations and all-inclusive pricing. To drive initial adoption, the company is offering up to 50% discounts for first-time cab bookers.
Key Highlights
Launched Airport Cab services across 100+ cities to provide end-to-end travel solutions.
Offers 50% discount (up to Rs 200) for new users and 20% (up to Rs 100) for repeat users.
Allows advanced booking up to 90 days with all-inclusive fares including tolls and taxes.
Leverages a user base of 54 crore Annual Active Users recorded in Fiscal 2025.
Includes 24x7 SOS support and free cancellation up to 30 minutes before pickup.
💼 Action for Investors
Investors should view this as a positive move to increase ecosystem lock-in and ARPU. Monitor the impact on take-rates and cross-selling efficiency in upcoming quarterly results.
ixigo Q3 FY26 PAT jumps 54% YoY to ₹24 Cr; Revenue hits record ₹317.6 Cr
Le Travenues Technology (ixigo) reported a strong Q3 FY26 with an all-time high revenue of ₹317.6 crores, marking a 31% YoY increase. Profit After Tax (PAT) surged 54% YoY to ₹24 crores, while Gross Transaction Value (GTV) reached ₹4,902.9 crores. The company successfully navigated significant flight disruptions in December using its AI stack, which handled 90% of customer calls during the crisis. International flights and the bus segment emerged as high-growth drivers, with international GTV growing over 50% YoY.
Key Highlights
Revenue from operations reached an all-time high of ₹317.6 crores, up 31% YoY.
Profit After Tax (PAT) grew significantly by 54% YoY to ₹24 crores.
International flight GTV grew by over 50% YoY, now contributing 20% of total flight GTV.
Bus segment GTV continues to compound at 40-50% YoY, reaching ₹2,400 crores in the last 12 months.
AI-led customer support handled 90% of calls during December's flight disruptions, maintaining a 96.7% answer rate.
💼 Action for Investors
Investors should note the strong operating leverage and market share gains in the flight segment despite industry disruptions. However, monitor the upcoming Q4 results closely as the Mahakumbh base effect from the previous year may impact YoY growth comparisons.
ixigo Reports All-Time High Q3 FY26 Revenue of Rs 317.6 Cr, Up 31% YoY
Le Travenues Technology (ixigo) reported a strong Q3 FY26 with all-time high revenue of Rs 317.6 crore, representing a 31% YoY growth. The company's Gross Transaction Value (GTV) reached Rs 4,902.9 crore, driven by robust growth in flight (+49% YoY) and bus (+47% YoY) revenues. Profit Before Tax (PBT) saw a significant jump of 64% YoY to Rs 38.1 crore, while EBITDA grew 61% YoY to Rs 42.8 crore. The company successfully leveraged its AI stack to manage industry-wide flight disruptions in December, with AI handling nearly 90% of voice calls during the peak period.
Key Highlights
Revenue from operations grew 31% YoY to Rs 317.6 Cr, while GTV increased 21% YoY to Rs 4,902.9 Cr
Flight revenue surged 49% YoY to Rs 102.4 Cr, and Bus revenue rose 47% YoY to Rs 75.6 Cr
Profit Before Tax (PBT) increased by 64% YoY to Rs 38.1 Cr from Rs 23.3 Cr in the previous year
International flight GTV grew over 50% YoY, reflecting strong outbound travel demand
Operational efficiency improved with AI handling 76% of total voice calls end-to-end in Q3
💼 Action for Investors
Investors should note the strong operational leverage and market share gains in the flight and bus segments. The company's ability to maintain growth and profitability despite industry disruptions makes it a resilient pick in the OTA space.
Ixigo Q3 FY26 Results: Revenue Jumps 31% YoY to ₹317.6 Cr; Adjusted EBITDA Up 27%
Ixigo reported a strong Q3 FY26 with revenue from operations growing 31% YoY to ₹3,175.6 million, driven by market share gains across its multi-modal travel platform. Gross Transaction Value (GTV) reached ₹49,028 million, a 21% increase, while Adjusted EBITDA rose 27% to ₹307.9 million. The company demonstrated high operational efficiency through AI, with 90% of chats and 76% of voice queries handled autonomously. Despite a ₹2 crore EBITDA impact from proactive refunds during December flight disruptions, Profit Before Tax (excluding exceptional items) surged 64% YoY.
Key Highlights
Revenue from operations grew 31% YoY to ₹3,175.6 million in Q3 FY26
Adjusted EBITDA increased by 27% YoY to ₹307.9 million with an 8.14% margin
Profit Before Tax (excluding exceptional items) saw a significant jump of 64% YoY to ₹381.2 million
Monthly Active Users (MAU) stood at 82.37 million with a high repeat transaction rate of 85.8%
Ancillary attachment rate reached 28.79%, showcasing successful monetization of value-added services
💼 Action for Investors
Investors should note the company's ability to outpace market growth while maintaining profitability through AI-driven operating leverage. The strong growth in GTV and revenue suggests continued market share gains in the Indian OTA sector.
IXIGO Q3 FY26 Revenue Grows 31% YoY to ₹3,176 Mn; Adjusted EBITDA Up 27%
Le Travenues Technology (ixigo) reported a robust Q3 FY26 with revenue from operations rising 31% YoY to ₹3,175.64 million. Gross Transaction Value (GTV) grew 21% YoY to ₹49,028.55 million, while Profit Before Tax (excluding exceptional items) surged 64% to ₹381.21 million. The company successfully navigated December flight disruptions by proactively refunding customers, which resulted in a ₹20 million EBITDA impact but strengthened customer trust. Operational efficiency remains high with AI agents resolving nearly 90% of chat queries and 76% of voice queries.
Key Highlights
Revenue from operations increased 31% YoY to ₹3,175.64 million in Q3 FY26.
Adjusted EBITDA grew 27% YoY to ₹307.89 million despite a ₹20 million impact from proactive flight disruption refunds.
Gross Transaction Value (GTV) reached ₹49,028.55 million, marking a 21% growth over the previous year's quarter.
AI-driven operational leverage is evident with 89.90% of chats and 76.12% of voice queries resolved autonomously.
Ancillary attachment rate for value-added services stood at 28.79% for the quarter.
💼 Action for Investors
Investors should view the strong top-line growth and AI-led margin improvements as positive indicators of ixigo's competitive position in the OTA sector. The company's focus on the 'Next Billion Users' and high repeat transaction rates (85.8%) suggests sustainable long-term growth potential.
IXIGO Incorporates Singapore Subsidiary IXIGO PTE. LTD. for International Expansion
Le Travenues Technology Limited (IXIGO) has incorporated a wholly owned subsidiary in Singapore named IXIGO PTE. LTD. on December 18, 2025. The subsidiary is established with an initial cash consideration of SGD 50,000, representing 100% shareholding. It will focus on travel technology and strategic investment management to facilitate the group's international expansion and business synergies. This move marks a strategic step in IXIGO's plan to grow its footprint and explore global market opportunities beyond India.
Key Highlights
Incorporation of IXIGO PTE. LTD. in Singapore as a 100% wholly owned subsidiary.
Initial cash investment of SGD 50,000 for 50,000 ordinary shares at SGD 1 each.
The subsidiary will lead investment and strategic management initiatives for international growth.
Regulatory approval obtained from the Accounting and Corporate Regulatory Authority (ACRA), Singapore.
💼 Action for Investors
Investors should monitor the subsidiary's role in potential international acquisitions or partnerships. While the initial investment is small, it provides a foundational platform for IXIGO's global scaling strategy.