ixigo acquires bus ticketing platform Abhibus ahead of IPO

AI-based travel app ixigo’s parent firm Le Travenues Technology acquires the business and operations of AbhiBus, the Hyderabad-based bus ticketing and aggregation platform. The deal sum has not been disclosed.

In a statement, the company states that the Abhibus team, run by Founder Sudhakar Reddy Chirra, have unites with the ixigo team, and all intellectual property, brands, technology and operations are being transferred to ixigo.

Aloke Bajpai and Rajnish Kumar, Co-Founders, ixigo states, "By leveraging our combined user base, multi-modal transportation capabilities, tech resources and travel domain expertise we will be able to enhance the experience of millions of travellers in India every day."

According to the industry reports, AbhiBus was the second largest bus aggregator in India in FY20 that sells around 26,000 bus tickets per day through its platform.

This deal would aid the ixigo group to consolidate its presence in Tier 2, 3 and 4 markets by offering a multi-modal transportation experience across trains, flights and buses to its combined user base of nearly 255 million users.

Commenting on the acquisition, Sudhakar Reddy Chirra, Founder and CEO, AbhiBus says, "We started AbhiBus with a vision to become India's most preferred bus booking platform. We are happy that we were able to build a motivated, tightly-knit team and we grew rapidly to become one of the leading bus ticketing players in the country."

This marks ixigo's second acquisition this year. In February 2021, ixigo acquired train booking app Confirmtkt.

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