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News on Medial
ixigo Expands Partnership With PhonePe, Adds Bus And Flight Bookings
Inc42
·
1y ago
Medial
ixigo has partnered with PhonePe to offer travel booking options on the app. The partnership will include services from ixigo flights for flight bookings, AbhiBus for bus bookings, and ConfirmTkt for train bookings. This development follows the successful stock market debut of Le Travenues Technology, the parent company of ixigo.
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Paytm expands international flight ticketing with new partnerships
YourStory
·
1y ago
Medial
Paytm, the parent company of OCL, has seen growth in its travel sector through partnerships with global aggregators like Skyscanner and Google Flights. They have expanded their offerings to include international flight ticketing and have partnered with airlines such as Cambodia Angkor Air and FlyDubai. Paytm has also enhanced the customer experience in train bookings by introducing features like guaranteed seat assistance and easy tatkal bookings. The company has witnessed high growth in train and bus bookings with the introduction of a free cancellation service. Paytm aims to provide a seamless travel experience through innovation and integration of artificial intelligence.
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Samsung partners with Paytm to bring travel, entertainment services to Samsung Wallet
Economic Times
·
1y ago
Medial
Samsung has collaborated with Paytm to offer flight, bus, movie, and event ticket bookings directly through the Samsung Wallet. This partnership aims to enhance user convenience by providing a seamless booking experience within the Samsung Wallet. Users can purchase tickets without switching between multiple apps by utilizing the 'Add to Samsung Wallet' feature. They can easily access their tickets when entering airports, bus terminals, cinemas, and event venues. To access these services, users need to update their apps through the Galaxy Store.
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Ixigo IPO: Retail portion oversubscribed within hours of launch
Economic Times
·
1y ago
Medial
Ixigo, the parent company of online travel platform Ixigo, has seen its initial public offering (IPO) oversubscribed by retail subscribers 2.22 times within hours of its launch. Retail investors bid for 17.6 million shares compared to the 7.9 million shares available. The non-institutional segment subscribed 0.47 times. The IPO includes a fresh equity issue of Rs 120 crore and an offer for sale of up to 66.6 million shares, with existing shareholders partially offloading their stakes. Ixigo offers services for booking train, flight, and bus tickets, along with utility tools and personalised recommendations.
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EaseMyTrip expands into charter aviation with proposed 49% stake in Big Charter Pvt Ltd
YourStory
·
4m ago
Medial
EaseMyTrip.com is acquiring a 49% stake in Big Charter Pvt Ltd to expand into India's charter aviation sector. This strategic move aims to integrate technology with Big Charter's operations, facilitate easier charter flight bookings, and improve service accessibility, especially in smaller cities. The charter aviation market in India, valued at $650.5 million, is expected to reach $1.14 billion by 2033. The partnership promises growth by leveraging technology to enhance aviation services.
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Paytm Gains Over 6% After Partnership With Samsung
Inc42
·
1y ago
Medial
Paytm's shares on the BSE are trading at INR 428.20, a 6.3% increase from the previous close of INR 402.6. Paytm has partnered with Samsung to integrate its services into the Samsung Wallet, allowing Galaxy smartphone users to access features like flight, bus, movie, and event bookings. Users can conveniently add their tickets to Samsung Wallet using the 'Add to Samsung Wallet' option.
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Operation Sindoor: Airlines offer full refunds amid suspended bookings
Economic Times
·
3m ago
Medial
Travel platform Ixigo and airlines have announced full refunds for travelers affected by flight suspensions due to Operation Sindoor. Flights to airports in India and countries like Turkey and Azerbaijan are impacted. Airlines including IndiGo, SpiceJet, and Air India are offering flexible policies and waivers on fees. The move responds to tensions between India and Pakistan, with travel companies suspending bookings to certain countries and issuing advisories amid the closure of 32 airports in India.
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Flipkart launches bus bookings on its app
Economic Times
·
1y ago
Medial
E-commerce platform Flipkart has expanded its travel services to include bus bookings. Collaborating with state transport corporations and private aggregators, Flipkart will offer 10 lakh bus connections and access to over 25,000 routes across India. Features include no convenience fees, deals, and a 24x7 voice helpline. Customers can enjoy a flat 15% off and an additional 5% discount on SuperCoins for bus bookings made until 15 April 2024. Flipkart aims to become a one-stop destination for consumer needs, including travel.
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Air travel bookings surge 90% during Flipkart annual sale
Economic Times
·
1y ago
Medial
Bookings for air travel surged by 90% during Flipkart's Big Billion Days sale, according to Cleartrip. The online travel agency also witnessed an 80% increase in bus bookings and a three-fold rise in hotel bookings during the sale. More than 50 airlines, over 3,700 bus operators, and around 11,000 hotels participated in the event. Cleartrip stated that it had exceeded its targets and benchmarks, delivering significant spikes in bookings. However, the company is seeking clarity on the 20% tax collected at source for overseas trips costing more than INR 7 lakh.
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Ixigo posts Rs 501 Cr revenue and Rs 23 Cr profit in FY23
Entrackr
·
1y ago
Medial
Ixigo, the largest third-party train travel booking platform and online travel agent (OTA), reported a revenue of Rs 501 crore and a profit of Rs 23 crore in FY23. The company witnessed a growth of 32% and returned to profitability after incurring losses in FY22. Revenue from operations primarily came from convenience fees and commissions from rail, airline, and bus reservations. Train ticket bookings contributed the highest revenue, followed by flights and buses. Employee benefits accounted for the largest cost center, while advertising-promotional and IT expenses were other operating overheads.
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EaseMyTrip buys 4.94% stake in B2B travel platform
VCCircle
·
1y ago
Medial
Online travel aggregator EaseMyTrip has acquired a 4.94% stake in B2B travel tech platform E-Trav Tech Ltd for INR 33 crore ($4 million). The investment aims to strengthen EaseMyTrip's B2B segment offerings and cater to the needs of corporate clients. E-Trav offers APIs for flight, hotel, bus, and holiday package bookings. The company has been profitable and debt-free, with revenues increasing from INR 6.5 crore in FY21 to INR 35 crore in FY23. EaseMyTrip plans to expand its services in non-air segments and deliver enhanced services to corporate clients.
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