Stake sale · Mobility & Logistics

Ixigo sells 17.39% stake in Fresh Bus for ₹36.6 Cr

By Startup Enthusiast · 14 August 2026

What they do

Ixigo is a technology company that helps Indian travellers book rail, air, bus and hotel trips online

It sold a 17.39% stake in electric bus startup Fresh Bus to Twelve Stone LLP for ₹36.6 crore

The sale reduces ixigo's holding from 25.66% to 8.27%, and Fresh Bus will no longer be an associate company

Ixigo has sold a 17.39% stake in electric bus platform Fresh Bus to Twelve Stone LLP for ₹36.6 crore.
The stake sale involves 46,264 compulsorily convertible preference shares (CCPS) at ₹7,911 per CCPS.
After the sale, ixigo's stake in Fresh Bus drops from 25.66% to 8.27%.
Fresh Bus will cease to be an associate company of ixigo after the transaction.
The transaction is expected to be completed on or before August 30.
Ixigo stated that the deal is not a related-party transaction.
Twelve Stone LLP's designated partners are Fresh Bus founder Sudhakar Reddy Chirra and Sasya Chirra.

Ixigo first invested in Fresh Bus in October 2022, acquiring 68,258 CCPS and one equity share at ₹2,344 per CCPS.
As of March 31, 2026, ixigo's investment in Fresh Bus was valued at ₹18.87 crore, which was 0.96% of its net worth.
Ixigo recognised a ₹11.22 crore share of loss from Fresh Bus in FY26.
Earlier this year, ixigo acquired a 60% stake in Spain-based train OTA platform Trenes for €11.7 million and a 45.02% stake in AI company Sqaas for €450,000.
Ixigo's board also approved a majority stake in hotel booking startup Brevistay for ₹65.7 crore and stake acquisitions in ProactAI and Vestra.AI for about ₹12 crore.

Ixigo is a technology company focused on empowering Indian travellers to plan, book and manage trips across rail, air, buses and hotels.
It uses AI, machine learning and data science on its online travel agency (OTA) platforms, including websites and mobile apps.
Its vision is to become the most customer-centric travel company.
Ixigo focuses on travel utility and customer experience for the 'next billion user' segment.
Its OTA platforms allow booking of flight tickets, train tickets, bus tickets, hotels and cabs.
It provides travel utility tools such as train PNR status and confirmation predictions, seat availability alerts, train running status updates and delay predictions, flight status updates, bus running status, pricing and availability alerts, deal discovery, destination content, personalised recommendations, instant fare alerts and automated customer support.

Twelve Stone LLP (buyer) — A limited liability partnership whose designated partners are Fresh Bus founder Sudhakar Reddy Chirra and Sasya Chirra.