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 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.