Online travel platform ixigo has approved the acquisition of a 60% stake in Spain-based online rail ticketing company Trenes for a total investment of approximately ₹125 crore. The move marks ixigo’s first major international acquisition and its formal entry into the European rail travel market.
Upon completion of the transaction, Trenes will become a step-down subsidiary of ixigo. The company also retains the option to acquire the remaining stake in the future.
Founded in 2013, Trenes operates across Spain and Southern Europe and is integrated with key Spanish and European rail operators, enabling seamless multi-operator train bookings. Spain’s rail network handled 549 million passengers in 2024, underlining the scale of opportunity in the region. Trenes reported operating revenue of around ₹60 crore and a profit after tax of approximately ₹15 crore in CY25.
Strategic Expansion into Europe
The acquisition positions ixigo in one of the world’s most mature and benchmark rail travel markets. Europe’s strong intercity rail infrastructure, high passenger volumes, and increasing digitisation of ticketing make it a strategic fit for ixigo’s rail focused expertise.
ixigo expects to unlock synergies by combining Trenes’ local integrations and market presence with its AI-led technology stack and product capabilities. The company aims to leverage its data intelligence and automation tools to enhance customer experience, improve booking efficiency, and expand cross-border rail offerings.
Strengthening ixigo’s Global Ambition
Founded in 2007 by Aloke Bajpai and Rajnish Kumar, ixigo operates an AI-powered travel platform offering train, flight, bus, hotel, and cab bookings through its ixigo, ConfirmTkt, and AbhiBus apps. The company reported over 54 crore annual active users in FY25.
Financially, ixigo continues to show strong momentum. For the quarter ended December 2025 (Q3 FY26), revenue from operations rose to ₹317.6 crore from ₹242 crore in Q3 FY25. Profit increased 55% year-on-year to ₹24 crore from ₹15.5 crore.
The Trenes acquisition signals ixigo’s intent to diversify geographically while strengthening its leadership in rail travel. With Europe setting the global standard for train mobility, this move could serve as a springboard for broader international expansion.
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