Le Travenues Technology, that operates the AI-based travel app ixigo, has purchased the bus ticketing platform AbhiBus, for a mix of cash and ixigo stock as consideration.
AbhiBus founder Sudhakar Reddy Chirra has joined the ixigo team.
The long-haul intercity bus market in India is valued at INR 585 Billion in FY2020. AbhiBus is the second largest bus aggregator in India in FY20, selling 26,000 bus tickets per day through its platform.
This deal will help the ixigo group to consolidate its presence in Tier 2/3/4 markets by offering a multi-modal transportation experience across trains, flights and buses to its combined user base of nearly 255 million users.
This is ixigo’s second acquisition in 2021. In February 2021, ixigo acquired train booking app Confirmtkt.
