&w=3840&q=100)
Ixigo eyes double-digit growth, maintains booking block to Turkiye
Travel aggregator Ixigo on Friday said its decision to block bookings to Turkiye, Azerbaijan, and China will stay amid the ongoing conflict between India and Pakistan where the West Asian countries have taken a pro-Islamabad stand.
'We remain dedicated to reviewing our position on this issue as the situation evolves. We will reassess our stance on the basis of how the geopolitical equations change, and will do what is right for the broader travel ecosystem,' Aloke Bajpai, chairman and group chief executive officer (CEO) of Ixigo, told Business Standard.
The travel aggregator is among several India-based players that have stopped taking bookings to the countries, and have witnessed a sharp rise in cancellations over the past week or so.
Ixigo expects to clock a double-digit revenue growth in the coming years while sustaining an over 40 per cent growth in gross transaction value (GTV) in the ongoing financial year 2025-26 (FY26), as travel momentum continues in the country.
In its results for the fourth quarter of 2024-25 (Q4FY25) announced earlier this week, the company reported a 128 per cent hike in net profit to ₹16.7 crore from ₹7.3 crore in the year-ago period. GTV on the platform crossed ₹4,418.4 crore in the quarter. While flight and bus GTV each grew 92 per cent annually, train GTV grew by 41 per cent.
The company recorded market share gains in FY25, with a 58 per cent share in the OTA (online travel agency) train market, and a 15-16 per cent share in the bus OTA space.
'Our flight segment is growing steadily, now in double digits, up from 5-6 per cent last year. The most exciting part of this is that 50 per cent of new flight bookers are first-time flyers,' Bajpai said.
For the player that competes with MakeMyTrip, Cleartrip, Easemytrip, and other platforms, customer experience remains of utmost importance, which is why Bajpai said that Ixigo had launched services like 'flight tracker pro' and 'price lock' to add value to bookings.
'I want to sell peace of mind to my customers and these features are aiding the growth of spending per person. We have seen a 22 per cent year-on-year increase in average spend per user as they continue to upgrade their travel choices while also buying either higher-value products or more value-added services that we sell on top,' he said.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Business Standard
an hour ago
- Business Standard
LEGO® India and Blinkit Celebrate World Play Day with a Click and a LEGO® Brick
VMPL New Delhi [India], June 11: This World Play Day, LEGO® India is turning up the fun! In a special partnership with quick-commerce platform Blinkit, LEGO® sets are now available for instant delivery across 20+ cities in India. To make moments of creativity even more accessible and joyful for families across India, Blinkit is offering exciting LEGO® sets, including LEGO® City F1 Driver with McLaren Race Car, LEGO® Creator Mighty Dinosaurs, Mercedes-AMG F1 W14 E Performance Pull-Back, LEGO® Disney Princess Twirling Ariel Building Set & Fantasy Toy Model and many others. The partnership launched with a social media campaign on Instagram highlighting the importance of play and encouraging audiences to rediscover creativity through quick, playful moments, made accessible with Blinkit. The LEGO® Group is also running a contest on the occasion of World Play Day on June 11, where participants can build and share their Play Day moment to win LEGO® Sets! The campaign brings alive the brand's vision of learning through play by enabling instant access to LEGO® Sets and inspiring builders of all ages to embrace the power of imagination. Play Has No Age Limit At the heart of the campaign lies a simple message: play is for everyone. The LEGO® Group's Play Well report shows that 76% adults in India recognise that play is something they wish they were doing more often, & over 4 in 5 parents wish they could play more as a family, whether you're 7 or 70, There is a LEGO® set for everyone and Blinkit ensures that the joy of building, one brick at a time, is never too far away. The two brands are achieving this through strategic homepage placement that positions LEGO® sets alongside daily essentials, making creative play as accessible as ordering groceries. Blinkit's quick delivery network means that inspiration can be acted upon immediately - a parent can order a LEGO® set during their child's afternoon nap and have it delivered before they wake up. The platform's curated selection focuses on toys, ensuring the right building experience is available for every skill level and interest. Whether it's a quick build between meetings or a family session on the weekend, the experience of play is now just a few taps away. "At The LEGO® Group, we believe that play is essential to learning, creativity, and connection," said Bhavana Mandon, Country Manager, LEGO® India. "World Play Day is a reminder that play is a powerful tool that helps children and adults express themselves, solve problems, and bond with each other. This campaign is a celebration of those everyday moments that have the potential to unlock big ideas. By making play more accessible and spontaneous, we hope to encourage more families to build, imagine, and connect through the joy of LEGO® sets." Build your moment of play. Discover the LEGO® collection on Blinkit today: About The LEGO® Group The LEGO® Group's mission is to inspire and develop the builders of tomorrow through the power of play. The LEGO® System in Play, with its foundation in LEGO® bricks, allows children and fans to build and rebuild anything they can imagine. The LEGO® Group was founded in Billund, Denmark in 1932 by Ole Kirk Kristiansen, its name derived from the two Danish words Leg Godt, which mean "Play Well". Today, the LEGO® Group remains a family-owned company headquartered in Billund. Its products are now sold in more than 120 countries worldwide. For more information:
&w=3840&q=100)
Business Standard
an hour ago
- Business Standard
Samsung assembled more mobile phones in India than Apple last year
Korean firm makes more phones across most segments and has higher volumes: S&P report Surajeet Das Gupta New Delhi Listen to This Article Samsung's global volume share of final assembling of smartphones in India might not get the same focus as that of Apple Inc because of the latter's aggressive export strategy and higher average selling price leading to higher value. But in terms of volume, the reality is that Samsung is much higher than its US rival. A research by S&P Global shows that Samsung's share of global final assembly volume of smartphones in India in 2024 was at 25 per cent compared to only 15 per cent of the Cupertino-based Apple Inc in the same period. For Samsung, its biggest exposure
Time of India
an hour ago
- Time of India
UP to fast track setting up of 15 industrial zones for MSMEs across 11 districts
Lucknow: As part of its goal to make UP a one trillion-dollar economy, the Uttar Pradesh govt has decided to establish 15 MSME-focused industrial zones across 11 districts. Sharing details, officials said: "The draft blueprint prepared by the MSME department outlines that a total of 764.31 acres will be developed for these industrial estates. Across these estates, 872 industrial plots will be available for investors to set up their enterprises. This will not only strengthen the MSME sector in the state but also play a vital role in achieving the one trillion-dollar economy target." The department's roadmap includes a state-wide campaign to create a substantial land bank. As part of this, the process of making land available for the 15 MSME estates in the 11 districts is underway. They further said that the Yamuna Expressway Industrial Development Authority (YEIDA) is also working on a major plan to boost the MSME sector and has reserved 500 acres of land for setting up MSME units in its upcoming development zones. Additionally, the Greater Noida-based Flatted Factory Complex, to be developed by YEIDA in Sector 28 of Gautam Buddha Nagar at a cost of Rs 125 crore, will offer state-of-the-art, multi-storey factory spaces. The construction process is expected to begin soon, with the master plan and other technical reports currently in progress. The complex, to spread over 38,665 square meters, will be completed within 24 months, providing modern, well-equipped units for MSME enterprises. This multi-pronged strategy by the Yogi govt is designed to make Uttar Pradesh a manufacturing powerhouse, especially by empowering its MSME backbone with world-class infrastructure and investor-friendly policies.
