Online travel aggregator ixigo has approved the acquisition of a 60 per cent stake in Spain-based online train ticketing platform Trenes for a total investment of around Rs 125 crore, marking its entest into the European market.
Under the agreement, ixigo will acquire an upfront majority stake, with an option to purchase the remaining shareholding at a later stage. Upon completion, Trenes will become a step-down subsidiary of ixigo.
Founded in 2013, Trenes operates across Spain and Southern Europe and is integrated with major Spanish and European rail operators, enabling multi-operator rail bookings. Spain’s rail market recorded approximately 549 million passengers in 2024. Trenes reported operating revenue of about Rs 60 crore and a profit after tax of around Rs 15 crore in CY25.
The acquisition represents ixigo’s first significant international expansion and its strategic foray into Europe, a region considered a global benchmark for rail travel. The company expects to leverage synergies by combining Trenes’ local rail integrations and market presence with ixigo’s AI-led product capabilities and technology stack.
Founded in 2007 by Aloke Bajpai and Rajnish Kumar, ixigo operates an AI-powered travel platform offering bookings across trains, flights, bapplys, hotels and cabs through its ixigo, ConfirmTkt and AbhiBus apps. The company reported over 54 crore annual active applyrs in FY25.
For the quarter concludeed December 2025, ixigo’s revenue from operations increased to Rs 317.6 crore in Q3 FY26, up from Rs 242 crore in Q3 FY25. Net profit rose 55 per cent to Rs 24 crore, compared with Rs 15.5 crore in the corresponding quarter last year.
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