ixigo to Acquire 60% Stake in Trenes for INR 125 Cr The company will also retain the option to purchase the remaining shares later.
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Online travel aggregator ixigo has approved the acquisition of a majority stake in Spain-based online train ticketing platform Trenes for about INR 125 crore.
Under the deal, ixigo will acquire an upfront 60% stake, making Trenes a step-down subsidiary. The company will also retain the option to purchase the remaining shares later.
Founded in 2013, Trenes operates across Spain and Southern Europe and is integrated with major Spanish and European rail operators, enabling multi-operator bookings. Spain's rail network handled around 549 million passengers in 2024. Trenes reported operating revenue of approximately INR 60 crore and a profit after tax of about INR 15 crore in calendar year 2025.
The acquisition marks ixigo's first major international transaction and its strategic entry into Europe, a region often seen as a global benchmark for rail travel. The company expects synergies by combining Trenes' local rail integrations with its AI-driven technology capabilities.
Founded in 2007 by Aloke Bajpai and Rajnish Kumar, ixigo operates an AI-based travel platform offering bookings across trains, flights, buses, hotels, and cabs. It reported over 54 crore annual active users in FY25.
