ixigo Makes First Major International Acquisition- Enters European…

Sarah J · 2026-02-18T15:53:40.000Z

Indian online travel aggregator ixigo has taken a major step in its global expansion journey by acquiring a 60% majority stake in Trenes.com, a train ticketing platform based in Spain, marking ixigo’s first major international acquisition and its formal entry into the European travel market. The deal valued at approximately €11.7 million (around ₹125 crore) was approved by ixigo’s board and will see Trenes become a step-down subsidiary of ixigo’s parent company, Le Travenues Technology. Under the agreement, ixigo also holds the contractual right to acquire the remaining stake in Trenes at a future date upon meeting certain agreed conditions. Founded in 2013, Trenes.com is one of Spain’s leading online rail booking platforms, integrated with major Spanish and Southern European rail operators. The acquisition allows ixigo to combine its AI-driven travel technology and product expertise with Trenes’ local market presence and operator ecosystem, strengthening its service offerings in a region where rail travel remains a strong mobility backbone. The move reflects ixigo’s strategic vision to extend beyond India’s robust domestic travel market and compete in global segments where its core strengths such as rail and bus ticketing are directly applicable. Europe’s extensive rail network presents an ideal extension, given ixigo’s historical focus on rail travel solutions that leverage technology and machine learning to simplify complex booking workflows for travellers. In tandem with the Trenes acquisition, ixigo has also taken a minority stake in Squad As Service (Sqaas), a technology and AI-driven company, signaling its intent to blend travel-tech innovation with platform development across international markets. The acquisition follows ixigo’s strong performance after its IPO and subsequent investor funding rounds, including a large strategic investment from Prosus earlier in 2025 moves that have provided capital, technology impetus and confidence to pursue overseas opportunities. ixigo’s leap into Europe is a landmark example of how Indian tech platforms can scale globally and build meaningful presence in markets with deep structural demand.

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ixigo Makes First Major International Acquisition- Enters European… | SEINET