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Time of India
6 days ago
- Business
- Time of India
Ixigo Food On Train: ixigo's 'Food on Train' Service Surpasses 10,000 Daily Meal Deliveries with Zoop, ET TravelWorld
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 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 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 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.'
Time of India
20-05-2025
- Business
- Time of India
Elevation Partners offloads 21.5 lakh shares in Ixigo parent for Rs 38.3 crore
Elevation Capital (formerly Saif Partners India) has sold 21.5 lakh shares in Le Travenues Technology , the parent company of online travel aggregator Ixigo, for Rs 38.27 crore (around $4.5 million). According to disclosures filed with the BSE on Monday, Elevation sold 21.5 lakh shares at Rs 178 each. It continues to hold a 13% stake in the company. Elevation Capital had invested Rs 63.1 crore in Ixigo through various tranches. As of the quarter ending March 31, Elevation had around a 14% stake in the company, holding 5.46 crore shares. Prior to this, the early-stage venture capital firm had sold shares worth Rs 100 crore through the pre-IPO secondary sale and sold shares worth around Rs 181 crore from the offer for sale (OFS) component of the IPO. This comes at a time when Ixigo saw its net profit increase significantly by 128% year-on-year (YoY) to Rs 16.7 crore for the quarter ended March. The company reported operating revenue of Rs 284 crore for the quarter, up 72% from Rs 165 crore a year ago, on account of growth across all lines of business. Live Events Founded in 2007 by Aloke Bajpai and Rajnish Kumar, Ixigo allows users to book train, flight, and bus tickets while offering various utility tools and services such as train PNR status and confirmation predictions and updates for train seat availability. Discover the stories of your interest Blockchain 5 Stories Cyber-safety 7 Stories Fintech 9 Stories E-comm 9 Stories ML 8 Stories Edtech 6 Stories It also provides personalised recommendations and automated customer support. According to the company, it has 544 million annual active users with 83 million monthly active users. Ixigo was listed on the exchanges on June 18 last year at Rs 138, a premium of 48.5% over its issue price of Rs 93. It closed on Monday at Rs 174.60 on the BSE.
Economic Times
20-05-2025
- Business
- Economic Times
Elevation Partners offloads 21.5 lakh shares in Ixigo parent for Rs 38.3 crore
Rajnish Kumar and Aloke Bajpai, cofounders, Ixigo Elevation Capital (formerly Saif Partners India) has sold 21.5 lakh shares in Le Travenues Technology, the parent company of online travel aggregator Ixigo, for Rs 38.27 crore (around $4.5 million). According to disclosures filed with the BSE on Monday, Elevation sold 21.5 lakh shares at Rs 178 each. It continues to hold a 13% stake in the company. Elevation Capital had invested Rs 63.1 crore in Ixigo through various tranches. As of the quarter ending March 31, Elevation had around a 14% stake in the company, holding 5.46 crore shares. Prior to this, the early-stage venture capital firm had sold shares worth Rs 100 crore through the pre-IPO secondary sale and sold shares worth around Rs 181 crore from the offer for sale (OFS) component of the IPO. This comes at a time when Ixigo saw its net profit increase significantly by 128% year-on-year (YoY) to Rs 16.7 crore for the quarter ended March. The company reported operating revenue of Rs 284 crore for the quarter, up 72% from Rs 165 crore a year ago, on account of growth across all lines of business. Founded in 2007 by Aloke Bajpai and Rajnish Kumar, Ixigo allows users to book train, flight, and bus tickets while offering various utility tools and services such as train PNR status and confirmation predictions and updates for train seat availability. It also provides personalised recommendations and automated customer support. According to the company, it has 544 million annual active users with 83 million monthly active was listed on the exchanges on June 18 last year at Rs 138, a premium of 48.5% over its issue price of Rs 93. It closed on Monday at Rs 174.60 on the BSE.
Time of India
14-05-2025
- Business
- Time of India
Travel portals report massive cancellations for Turkey, Azerbaijan
Indian travel to Turkey and Azerbaijan has significantly declined due to public disapproval of their support for Pakistan during a recent conflict. Online travel platforms report a surge in cancellations and a drop in bookings, with some suspending services altogether. Travelers are opting for alternative destinations, raising concerns about the potential impact on Indian airlines and connectivity. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Mumbai: Indian travel to Turkey and Azerbaijan has taken a sharp hit with leading online travel platforms reporting a wave of cancellations due to strong public sentiment against these countries' support to Pakistan during the recent India-Pakistan reported a 60% decrease in bookings to these two countries and a 250% surge in cancellations over the past week while Cleartrip noted a 260% increase in cancellations even as tour and travel operators issued travel advisories, called off tour packages, and even suspended bookings to these countries."In solidarity with our nation and out of deep respect for our armed forces, we strongly support this sentiment and advise against all non-essential travel to Azerbaijan and Turkey," a MakeMyTrip spokesperson said. "We have already discontinued all promotions and offers on our platform to discourage tourism to these two destinations."Social media platforms have been abuzz with boycott calls against these countries since May 8 when Turkey and Azerbaijan expressed solidarity with Pakistan against India's Operation Sindoor to avenge the Pahalgam terrorist attack."In the interest of standing together during this time, we urge everyone to defer all non-essential travel to Turkey and Azerbaijan," Cleartrip told ET in a has gone a step further by suspending all bookings to not just Turkey and Azerbaijan, but also China. "Respecting the sentiments shared by all Indians at this time, we have suspended all flight and hotel bookings for Turkey, Azerbaijan, and China. Our commitment is to act responsibly and in alignment with our country's broader interests. Blood and bookings won't flow together," Aloke Bajpai and Rajnish Kumar, cofounders of ixigo, said in a cofounder Rikant Pittie reported a 22% rise in cancellations for Turkey and 30% for Azerbaijan. "Travellers are now preferring safer alternatives like Georgia, Serbia, Greece, Thailand, and Vietnam," he said."Bookings to affected regions have paused amid post-ceasefire uncertainties, while travel to unaffected areas continues smoothly," Pittie said, urging customers to rely on official sources while planning international number of Indians visiting Turkey and Azerbaijan has increased significantly in recent times amid improved connectivity. IndiGo, one of the earliest Indian carriers to launch direct flights to Istanbul in 2019 and Baku in 2023, helped boost outbound traffic to both there are calls to scale back direct flights to these countries by Indian carriers, a senior airline executive warned that such a move would benefit Middle East airlines at the cost of Indian airlines."They (Gulf carriers) already dominate transit traffic between India and Europe. If Indian connectivity weakens, these carriers will gain more leverage," the executive cautioned. "For Indian travellers, it could mean longer travel times and higher fares. It's a space we can't afford to lose ground in."
Time of India
14-05-2025
- Business
- Time of India
Ixigo FY25 Results: ixigo clocks record FY25 results with 128% PAT growth, strongest quarter yet, ET TravelWorld
Advt ixigo reports record growth in Q3 FY25 with all-time high revenue & profit For Q3 FY25, ixigo recorded a 48 per cent year-on-year (YoY) increase in GTV at INR 4036.3 crore, supported by a 42 per cent YoY growth in revenue from operations, which reached INR 241.8 crore. The company also reported a 36 per cent rise in EBITDA to INR 26.6 crore and a 46 per cent YoY increase in PBT, now at INR 23.3 crore. See More Details 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 India's tech-driven travel platform ixigo (Le Travenues Technology Limited) has posted its highest-ever quarterly and annual financial results, cementing its position as a dominant player in India's online travel sector. For the quarter ended March 31, 2025, the Gurugram-based company reported a 72% year-on-year (YoY) increase in revenue from operations to ₹284.1 crore and a 65% YoY jump in Gross Transaction Value (GTV) to ₹4,418.4 crore.Q4 FY25 also saw ixigo recording a 128% rise in Profit After Tax (PAT) to ₹16.8 crore and a 74% increase in Profit Before Tax (PBT) to ₹27.2 crore. The EBITDA for the quarter stood at ₹30.7 crore, marking a 64% increase and bus categories were the standout performers for ixigo, each witnessing a remarkable 92% YoY growth in GTV. Train GTV also saw a solid 41% increase, showcasing ixigo's continued strength in Tier 2 and Tier 3 India — a user segment that has been central to its strategy since on the record quarter, Rajnish Kumar, Group Co-CEO, and Aloke Bajpai , Group CEO, said, 'This has been our strongest quarter yet, driven by consistent quarter-on-quarter acceleration across all lines of business. Our outstanding growth in categories such as flights and buses stems from a unique playbook that combines a customer-centric approach, ability to cross-sell and up-sell to a unique captive user-base, a tech-centric DNA, AI-driven efficiency and enhanced brand awareness — all while maintaining healthy margins.'Adjusted EBITDA stood at ₹29.1 crore, up 70% from ₹17.1 crore in the same quarter last year. The company's contribution margin also rose 69% YoY to ₹120.9 crore, further showcasing strong operational efficiency.* GTV touched an all-time high of ₹14,971.6 crore, up 46% from FY24.* Revenue from operations jumped 39% to ₹914.2 crore.* Adjusted EBITDA surged 71% YoY to ₹94.8 crore.* Profit Before Tax (PBT) rose 131% to ₹86.2 CFO, Saurabh Devendra Singh, emphasised, 'We went public in FY25, and this has become a defining year for our trajectory. This fiscal we achieved ₹14,972 crore in GTV, ₹914 crore in Operating Revenue, and delivered a 71% YoY increase in Adj. EBITDA — proving that scale and financial discipline need not be mutually exclusive.'FY25 also marked ixigo's debut on the Indian stock exchanges (NSE: IXIGO, BSE: 544192), further boosting visibility and investor confidence.
