Le Travenues reports Q1 profit at Rs 19 crore, revenue at Rs 314 croreixigo reported a strong Q1 FY26, with revenue up 73% to ₹314.5 crore and net profit rising 27% to ₹19 crore. GTV grew 55%, driven by flight...
Ixigo extends ties with PhonePe to offer flight, bus booking servicesThe expanded partnership will enable over 54 crore PhonePe users to experience more comprehensive travel booking and utility services for f...
Ram Mandir effect: Online bus ticketing platform AbhiBus records 86% rise in demandAbhiBus said the rise in travel demand to Ayodhya, with the launch of the Ram Mandir, was particularly driven by young or Gen Z travellers....
Fosun sells part of its Ixigo stake to Invesco's Emerging Market Innovators FundThe stake sale came after the online travel company filed its draft prospectus with the Securities and Exchange Board of India (Sebi) in Au...
Travel platform ixigo files for Rs 1,600-crore IPOIxigo plans to raise Rs 750 crore by issuing new stock and Rs 850 crore via an offer for sale by existing investors, according to its draft...
MakeMyTrip exits IPO-bound travel app ixigo with 8x returnsThe secondary transaction was worth $38.5 million with investors including Trifecta Leaders Fund-1, Bay Capital, Malabar Investments and Wh...
ETtech Deals Digest: Two unicorns, and a whole lotta fundingBharatPe and Mindtickle became startup unicorns this week with funding from Tiger Global and SoftBank, respectively. Neobank Jupiter made a...
Ixigo acquires AbhiBus as pandemic continues to churn travel industryThe AbhiBus deal will help Ixigo consolidate its presence in Tier II/III/IV markets by “offering a multi-modal transportation experience” t...
Abhibus is in talks to divest 25% stake to raise $15 millionOnline bus ticketing platform Abhibus is in talks with a few venture capital firms to raise around $15 million by divesting some 25% stake,...
Bus operators on the brink of bankruptcy, millions lose jobs as sector loses Rs 1.3 lakh crThe sector employs 10 million, who in turn support the lives of 40 million people. Once the moratorium conditions are lifted, easily 300,00...
AbhiBus founder gave employees an option to continue WFH, and here’s what they didSudhakar Reddy said he found working from home a challenge.
Freecharge to partner with bus-ticketing platformsThe Axis Bank-owned digital payments company is trying to offer a complete gamut of financial service to its users, starting from wallet pa...
PhonePe claims 45% share of August UPI transfers, overtakes BHIM appFlipkart-owned PhonePe reportedly more than doubled the number of UPI transactions to 7.47 million in August from 3.5 million in May.
Online bus ticketing platform Abhibus to invest Rs 150 crore over next two yearsChirra said the new payment banks will lead to more people opting for online ticketing. He said Abhibus will fund its investments through i...
Andhra Pradesh ban may hit online ticketing, travel operatorsThe Andhra Pradesh Transport Department’s ban on online booking of tickets for private buses is set to hurt ticketing companies like Redbus...
How Sudhakar Chirra’s online venture, AbhiBus turned into a multi crore venture in six years'The untapped potential of the bus transport vertical will keep us busy, and hopefully, profitable,' says Sudhakar Chirra.
- Travel insurance policy for bus commuters for just Rs 20
In terms of insurance cover, the company will cover hospitalisation expenses up to Rs 1.5 lakh, while the cover for personal accident would...