logo
Ixigo Food On Train: ixigo's 'Food on Train' Service Surpasses 10,000 Daily Meal Deliveries with Zoop, ET TravelWorld

Ixigo Food On Train: ixigo's 'Food on Train' Service Surpasses 10,000 Daily Meal Deliveries with Zoop, ET TravelWorld

Time of India29-05-2025
Advt
By ,
ETTravelWorld
Join the community of 2M+ industry professionals Subscribe to our newsletter to get latest insights & analysis.
Download ETTravelWorld App Get Realtime updates
Save your favourite articles
Scan to download App
ixigo has achieved a significant milestone in enhancing onboard travel experiences, with its 'Food on Train' service crossing 20 lakh meals delivered since its launch in October 2024. The feature, developed in partnership with e-catering platform Zoop, now averages more than 10,000 daily meal orders across 200 railway stations nationwide. Integrated within the ixigo Trains and ConfirmTkt apps, the service allows passengers to order from a curated selection of meals and have them delivered directly to their seats.The platform has recorded notable trends over the past six months. The Veg Maharaja Thali emerged as the most-ordered dish across routes, while buttermilk (chaas) topped the beverage chart. Chicken biryani dominated on the Patna–Delhi route, whereas the Jain Mini Thali was a preferred choice for travellers between Delhi and Mumbai, and Delhi and Lucknow.Among unusual orders, one of the costliest was worth ₹9,082 at Ahmedabad Junction, placed on the Shri Ganganagar Humsafar Express. Another standout was a bulk order of 43 Veg Mini Thalis at Lucknow Junction, made by a single passenger aboard the Gangasatluj Express. Stations witnessing the highest food order volumes included Vijayawada, Kanpur, Nagpur, Bhopal, and Itarsi.Aloke Bajpai, Group CEO, and Rajnish Kumar, Group Co-CEO, ixigo, said, 'With over 10,000 daily meals now being delivered, we are expanding our scope of services for the 54 crore annual users we serve. We're now solving for both travel and food needs of Indian travellers.'Puneet Sharma, Co-Founder & CEO, Zoop, added, 'Thanks to the reach of ixigo and ConfirmTkt, we're now a top-three e-catering partner with IRCTC. We're excited by the diversity in orders and plan to grow further by integrating more restaurants into our platform.'
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Less than one-third of new-age Indian IPOs beat market benchmarks: Report
Less than one-third of new-age Indian IPOs beat market benchmarks: Report

Business Standard

time2 days ago

  • Business Standard

Less than one-third of new-age Indian IPOs beat market benchmarks: Report

India's 25 venture capital and private equity backed 'new-age' companies, that listed between May 2020 and June 2025, reveals a sobering reality behind the hype: barely a third have delivered sustained outperformance against the market. According to the white paper by Client Associates, only 36 per cent of IPO investors and 32 per cent of post-listing investors generated positive alpha over the BSE 500 index. Pre-IPO investors fared slightly better at 43 per cent, but only if they timed exits well. Those who sold at the mandatory six-month lock-in expiry window often reaped the highest returns versus much lower or even negative returns for long-term holders. While strong subscription demand was common, the report finds that most listing gains proved unsustainable. 'The study concludes that while new-age IPOs created substantial excitement and short-term gains, the risk-adjusted returns for retail investors, particularly in the unlisted market, remain questionable when compared to diversified fund-based approaches or established listed alternatives,' the white paper by Client Associates noted. Top performers such as Ixigo (Le Travenues Technology), Zomato (now Eternal), Nazara Technologies and PolicyBazaar combined clear profitability paths with revenue scaling and margin expansion Underperformers including Ola Electric, Paytm, Mobikwik and FirstCry were often dragged down by capital-heavy models, overvaluation, or inability to defend market share. Sector Trends Technology-enabled platforms with network effects or asset-light models typically delivered better post-listing returns. By contrast, capital-intensive businesses without sustainable unit economics destroyed substantial shareholder value after debut. Retail Frenzy Underperforms A subset of 10 'retail frenzy' stocks, actively traded in pre-IPO secondary markets, badly lagged the benchmark. In this group, IPO investors earned just 2 per cent, and post-IPO investors lost 16 per cent on average, with deep negative alpha.

Startup IPOs deliver only 36% long-term return for investors: Report
Startup IPOs deliver only 36% long-term return for investors: Report

Economic Times

time2 days ago

  • Economic Times

Startup IPOs deliver only 36% long-term return for investors: Report

Investors in initial public offerings (IPOs) of new-age tech companies have earned just 36% average returns, and only 32% of those who invested after listing have made gains, according to a report by advisory firm Client Associates. Titled The New-Age IPO Performance Analysis, the report examined 25 new-age tech IPOs launched between May 2020 and June 2025 across sectors including fintech, logistics, consumer internet, and software-as-a-service (SaaS). It assessed investor returns at three stages, pre-IPO, IPO, and post-IPO, using the BSE 500 as a benchmark. Mixed outcomes Startups like Ixigo and Zaggle delivered strong pre-IPO returns of 89.21% and 62.47%, respectively, while Ola Electric posted a 60.13% loss in the same phase. Overall, pre-IPO investments generated average returns of 43%, outperforming IPO and post-IPO investments. 'This assessment tells you that most prices have been driven by frenzy rather than business fundamentals,' said Shashank Agarwal, associate director at Client Associates. 'Unless you're an institutional investor, most retail investors chase market noise.' While companies such as Zomato and PolicyBazaar have fared better, others including Paytm, Ola Electric, and Mobikwik have significantly underperformed. The report argued that hype and narrative, rather than strong fundamentals, have driven most retail participation. IPO wave In 2024 alone, 13 new-age tech companies went public, raising close to Rs 29,070 crore. The list includes Swiggy, Go Digit, TBO Tek, Awfis, Ola Electric, FirstCry, Ixigo, and Unicommerce. The surge in tech-led IPOs has been fuelled by digital adoption, favourable demographics, and strong capital inflows, a shift from earlier IPO waves dominated by industrial and BFSI compounded annual growth rate (CAGR) of companies listed on the Bombay Stock Exchange rose 121% between September 2021 and May 2025, compared with just 37% for those listed on the National Stock Exchange. Investors in BSE-listed shares earned 84% more annually than those holding NSE's unlisted shares over the past four years. Agarwal said BSE's listed status gives investors confidence, while NSE's IPO delays and regulatory challenges have made investors more cautious. Despite this, retail investors are actively buying unlisted shares of market infrastructure firms such as NSE and the National Securities Depository Limited (NSDL), even though these are illiquid and hard to trade. Unlisted vs listed returns Over the last four years, NSE's unlisted shares have returned 37%, while listed rival BSE surged 194%. Similarly, NSDL's unlisted shares gained 35% compared with a 69% return from listed competitor CDSL. The report concluded that while pre-IPO investments in select new-age companies have delivered strong returns, the IPO and post-IPO phases have been far less rewarding for most retail investors. It cautioned that chasing hype without assessing business fundamentals exposes investors to significant downside risk.

Startup IPOs deliver only 36% long-term return for investors: Report
Startup IPOs deliver only 36% long-term return for investors: Report

Time of India

time2 days ago

  • Time of India

Startup IPOs deliver only 36% long-term return for investors: Report

Investors in initial public offerings (IPOs) of new-age tech companies have earned just 36% average returns, and only 32% of those who invested after listing have made gains, according to a report by advisory firm Client The New-Age IPO Performance Analysis , the report examined 25 new-age tech IPOs launched between May 2020 and June 2025 across sectors including fintech, logistics, consumer internet, and software-as-a-service (SaaS). It assessed investor returns at three stages, pre-IPO, IPO, and post-IPO, using the BSE 500 as a like Ixigo and Zaggle delivered strong pre-IPO returns of 89.21% and 62.47%, respectively, while Ola Electric posted a 60.13% loss in the same phase. Overall, pre-IPO investments generated average returns of 43%, outperforming IPO and post-IPO investments.'This assessment tells you that most prices have been driven by frenzy rather than business fundamentals,' said Shashank Agarwal, associate director at Client Associates. 'Unless you're an institutional investor, most retail investors chase market noise.'While companies such as Zomato and PolicyBazaar have fared better, others including Paytm , Ola Electric, and Mobikwik have significantly underperformed. The report argued that hype and narrative, rather than strong fundamentals, have driven most retail 2024 alone, 13 new-age tech companies went public, raising close to Rs 29,070 list includes Swiggy , Go Digit, TBO Tek , Awfis, Ola Electric, FirstCry, Ixigo, and Unicommerce. The surge in tech-led IPOs has been fuelled by digital adoption, favourable demographics, and strong capital inflows, a shift from earlier IPO waves dominated by industrial and BFSI compounded annual growth rate (CAGR) of companies listed on the Bombay Stock Exchange rose 121% between September 2021 and May 2025, compared with just 37% for those listed on the National Stock Exchange. Investors in BSE-listed shares earned 84% more annually than those holding NSE's unlisted shares over the past four said BSE's listed status gives investors confidence, while NSE's IPO delays and regulatory challenges have made investors more cautious. Despite this, retail investors are actively buying unlisted shares of market infrastructure firms such as NSE and the National Securities Depository Limited ( NSDL ), even though these are illiquid and hard to the last four years, NSE's unlisted shares have returned 37%, while listed rival BSE surged 194%. Similarly, NSDL's unlisted shares gained 35% compared with a 69% return from listed competitor CDSL . The report concluded that while pre-IPO investments in select new-age companies have delivered strong returns, the IPO and post-IPO phases have been far less rewarding for most retail investors. It cautioned that chasing hype without assessing business fundamentals exposes investors to significant downside risk.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store