The Hindu BusinessLine – Economy

Ixigo Buys Spanish Train Booking Platform Trenes for ₹125 Crore

Online travel platform ixigo announced a majority‑stake purchase of Spain’s Trenes, paying roughly ₹125 crore for 60% of the company. The deal also includes a 45% stake in Spanish tech start‑up Sqaas for about ₹5 crore, marking ixigo’s first overseas acquisition. Trenes, founded in 2013, reported €5.5 million in revenue and €1.35 million profit for calendar year 2025. ixigo plans to leverage its AI‑driven product suite to integrate Trenes’ rail‑booking network across Southern Europe.