Confirmtkt - Latest News Update, Information, Photos & Videos on Confirmtkt at Lokmat Times

New Delhi, Feb 4 Gurugram-based online travel aggregator ixigo on Thursday said it is acquiring Bengaluru based online train discovery and booking platform Confirmtkt for an undisclosed amount across a mix of cash and ixigo stock.The founders of ixigo will join the Confirmtkt board and existing investors of Confirmtkt, including Venture Catalysts, will be exiting the company fully as a part of the deal.The two companies will continue to run independently, post this acquisition, ixigo said.Both ixigo and Confirmtkt are official IRCTC B2C (business-to-customer) ticketing partners for online train reservations in India.This deal will help the group to consolidate its presence in tier 2/3/4 markets."By leveraging our combined user base, resources, and tech expertise we will be able to enhance the experience of millions of train travellers in India every day," Aloke Bajpai and Rajnish Kumar, Co-Founders, ixigo said in a joint statement."The combined entity will have a scale of 35 million monthly active users."Confirmtkt was established in 2015 by Dinesh Kumar Kotha and Sripad Vaidya. The company recorded a revenue of Rs 21.4 crores and an operating profit of Rs 1.54 crores in FY20.Train travel in India is an $8 billion market, with over 25 million passengers taking a train trip everyday, pre-Covid, ixigo said.( With inputs from IANS )Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Home

City

Latest News

Cricket

LT Premium

National

International

Maharashtra

Opinions

Chhatrapati Sambhajinagar

Nagpur

Entertainment

Photos

Business

Technology

Sports

Lifestyle

Social Viral

Lokmat Games

Health

Lok Sabha Election 2024

Heatwave In India

Mumbai Water Cut

Maharashtra Lok Sabha Election

IPL 2024

Salman Khan

ConfirmtktFOLLOW

Confirmtkt, Latest News

Lifestyle :10 Amazing Facts About Indian Railways

New Delhi, Jan 20 Growing up in India, almost everyone has had the pleasure of travelling on a ... ...

Lifestyle :Five best train journeys within India

New Delhi, July 30 Trains in India are special and are one of the most reliable and affordable ... ...

Technology :Travel app ixigo acquires train booking platform Confirmtkt

New Delhi, Feb 4 Gurugram-based online travel aggregator ixigo on Thursday said it is acquiring Bengaluru based online ... ...