Le Travenues Technology, the parent company of online travel aggregator Ixigo, has acquired a 60% majority stake in Spain-based online train ticketing platform Trenes for €12 million (around Rs 125 crore).
The acquisition marks Ixigo’s first major international deal and its entry into the European market.
“Ixigo will acquire 6,000 equity shares constituting a 60% stake in the share capital of Trenes for a total consideration of €11.70 million, including non-compete fees. Additionally, Ixigo shall have the right to acquire the remaining stake in the future, subject to the fulfilment of agreed conditions,” it said in a filing on Friday.
Founded in 2013, Trenes operates an online platform for train ticket bookings, primarily serving users in Spain and catering to select markets across Southern Europe. It is the second-largest online travel agency for train bookings in Spain, it said.
In Q3 FY26, Ixigo saw its operating revenue increase 31% year-on-year (YoY) to Rs 317 crore, driven by growth across all lines of business. The company posted a net profit of Rs 24 crore for the quarter, up from Rs 15 crore a year ago.
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, confirmation predictions, and updates for train seat availability.
In October last year, Dutch investment firm Prosus acquired a 10.1% stake in Ixigo for about Rs 1,296 crore. The venture capital (VC) firm also bought an additional 5.06% stake from existing shareholders Elevation Capital and Peak XV Partners through off-market transactions.
