Acquisition · Mobility & Logistics

Ixigo buys 60% stake in Spain's Trenes for Rs 125 Cr

By Startup Enthusiast · 13 February 2026

What they do

Ixigo is an AI-based travel platform for trains, flights, buses, hotels, and cabs

It acquired a 60% stake in Spain's Trenes, an online train ticketing platform, for Rs 125 crore

This is ixigo's first major international deal and entry into the European market

Ixigo approved the acquisition of a 60% stake in Spain's Trenes for Rs 125 crore.
Trenes becomes a step-down subsidiary of ixigo after the deal.
Ixigo has an option to acquire the remaining shareholding in Trenes later.
This is ixigo's first major international deal and entry into Europe.
Ixigo expects synergies from Trenes' local presence and rail integrations combined with ixigo's AI-led product capabilities.
Trenes is an online train ticketing platform based in Spain, founded in 2013.
Trenes operates across Spain and Southern Europe and is integrated with major rail operators.

Spain's rail market had 549 million passengers in 2024.
Trenes reported operating revenue of ~Rs 60 crore in CY25.
Trenes reported profit after tax of ~Rs 15 crore in CY25.
The acquisition gives ixigo a foothold in the European rail ticketing market.

Ixigo is an AI-based travel platform for trains, flights, buses, hotels, and cabs.
It operates through apps: ixigo, ConfirmTkt, and AbhiBus.
Ixigo had over 54 crore annual active users in FY25.
In Q3 FY26, ixigo's revenue from operations was Rs 317.6 crore, up from Rs 242 crore in Q3 FY25.
In Q3 FY26, ixigo's profit was Rs 24 crore, up 55% from Rs 15.5 crore in Q3 FY25.

Ixigo has an option to acquire the remaining shareholding in Trenes later.
Ixigo expects synergies from Trenes' local presence and rail integrations combined with ixigo's AI-led product capabilities.