On-line journey platform Le Travenues Expertise Restricted, which operates underneath the model ixigo, has permitted two strategic investments in Spain by way of its wholly owned subsidiary, IXIGO PTE. LTD.

The board of IXIGO PTE. LTD. has permitted the acquisition of a 60% stake in Spain-based On-line Journey Options, S.L., which operates underneath the model Trenes, for a complete consideration of €11.70 million, together with non-compete charges.

The transaction is topic to completion of procedural formalities and regulatory necessities in Spain and is predicted to shut on or earlier than March 31, 2026. The consideration can be paid in money.

IXIGO PTE. LTD. will purchase 6,000 fairness shares, constituting 60% of Trenes’ share capital. Following completion, Trenes will turn into a step-down subsidiary of Le Travenues Expertise Restricted. The corporate may also have the best to amass the remaining stake sooner or later, topic to agreed circumstances.

Included on November 14, 2013, Trenes operates a web-based platform for prepare ticket bookings, primarily catering to Spain, with operations extending to elements of Southern Europe. It’s the second largest prepare OTA in Spain and is built-in with main Spanish and European rail operators, enabling multi-operator rail bookings. Spain’s rail market recorded 549 million passengers in 2024.

Trenes reported income of €5,495,850 in CY25, in contrast with €4,281,478 in CY24 and €1,851,869 in CY23. In keeping with the corporate, this interprets to working income of round Rs 60 crore and revenue after tax of about Rs 15 crore in CY25.

The entire funding of round Rs 125 crore marks ixigo’s first main worldwide acquisition and its entry into the European rail market, which is extensively considered the worldwide benchmark for rail journey.

The corporate mentioned that the proposed acquisition will assist leverage ixigo’s product, know-how and AI management within the European OTA market. It expects to generate synergies by combining Trenes’ native market presence and rail integrations with its AI-led product capabilities and know-how experience.

Individually, the board has permitted the acquisition of a forty five.02% stake in Squad As Service, S.L., or Sqaas, for a complete consideration of €0.45 million, together with non-compete charges. The funding can be made by way of subscription to 1,296 fairness shares of €1 face worth every, representing 45% of the post-investment fairness share capital. The consideration can be paid in money.

Upon completion, Sqaas will turn into an affiliate firm of Le Travenues Expertise Restricted. IXIGO PTE. LTD. may have the best, however not the duty, to amass the remaining stake sooner or later, topic to agreed business and monetary circumstances.

Included on January 24, 2023, Sqaas is an early stage know-how firm engaged in offering technology-driven options, with a concentrate on AI-enabled software program and associated companies. It reported income of €366,708 in FY2025, €181,746 in FY2024 and €175,515 in FY2023.

The corporate mentioned the proposed funding will allow Sqaas to additional harness its AI capabilities and speed up analysis and growth of its AI-powered software program and associated applied sciences.

Based in 2007 by Aloke Bajpai and Rajnish Kumar, ixigo operates an AI-based journey platform providing bookings throughout trains, flights, buses, motels and cabs by way of its ixigo, ConfirmTkt and AbhiBus apps. The corporate reported over 54 crore annual lively customers in FY25.

For the quarter ended December 2025, ixigo’s income from operations rose to Rs 317.6 crore in Q3 FY26 from Rs 242 crore in Q3 FY25. Revenue elevated 55% to Rs 24 crore from Rs 15.5 crore in the identical interval final yr.