Le Travenues Technology (IXIGO) , the parent company of AbhiBus, has announced a significant partnership between its bus ticketing platform and the Odisha State Road Transport Corporation (OSRTC). This collaboration aims to enhance and digitize state bus services across Odisha, marking a notable expansion in AbhiBus's state transport coverage.

Expanding Digital Access to Public Transportation

AbhiBus, a leading online bus ticketing platform in India, has joined forces with OSRTC to provide digital booking capabilities and real-time tracking features for state bus services in Odisha. This partnership will give millions of passengers easier access to reliable government bus services through AbhiBus's digital platform.

OSRTC's Extensive Network

OSRTC, operating under the Transport & Commerce Department of the Odisha Government, connects over 130 cities, towns, and business centers within Odisha and 68 cities outside the state. The corporation runs 4,800 daily services with a fleet of 577 intercity and interstate buses.

Key Features of the Partnership

• Digital bookings for OSRTC services
• Real-time bus tracking
• Secure payment options
• Access to a wide range of routes and bus categories

Improving Rural Connectivity

A notable aspect of this partnership is the inclusion of OSRTC's flagship Mukhyamantri Bus Seva (MBS), which connects 6,720+ Gram Panchayats through 1,422 rural buses. This makes it one of India's most inclusive public transport systems, now accessible through the AbhiBus platform.

Executive Insights

Rohit Sharma, COO of AbhiBus, expressed enthusiasm about the partnership, stating, "We are delighted to welcome OSRTC onboard, one of the key state transport networks connecting cities and rural communities across Odisha. This partnership enables passengers to seamlessly book bus routes like Bhubaneswar-Puri, Cuttack, Berhampur, Rourkela, and Sambalpur, as well as interstate routes to Kolkata, Visakhapatnam, and Raipur."

Expanding State Transport Partnerships

The OSRTC partnership further strengthens AbhiBus's growing network of collaborations with state transport corporations across India. Recently, the platform has added seven new State Road Transport Corporations (SRTCs), including SBSTC, TSRTC, PRTC, KSRTC, SNT, and UTC. AbhiBus now aggregates 17 major SRTCs, offering millions of passengers affordable and reliable travel options.

About AbhiBus

AbhiBus, owned and operated by Le Travenues Technology (IXIGO), is a leading online bus-ticketing platform that aggregates ticket inventory from over 4,000 bus operators. The platform covers more than 3.5 lakh (350,000+) routes across India and serves as the official ticketing partner for several state road transport corporations and IRCTC bus bookings.

This partnership between AbhiBus and OSRTC represents a significant step towards digitizing and improving access to public transportation in Odisha, potentially benefiting millions of passengers across the state.

Le Travenues Technology (IXIGO) , the company behind the popular travel platform ixigo, has seen a significant increase in shareholding by Schroders Group, a global investment management firm. The transaction took place on September 18, 2025, with Schroders Group entities, acting as discretionary fund managers, acquiring additional shares through open market transactions.

Regulatory Disclosure

The acquisition triggered regulatory disclosure requirements under the Securities and Exchange Board of India (SEBI) regulations. Schroders Investment Management (Hong Kong) Limited, on behalf of the Schroders Group, filed the appropriate forms with both the Bombay Stock Exchange (BSE) and the National Stock Exchange of India (NSE) on September 22, 2025.

Transaction Details

According to the disclosure, the Schroders Group increased its shareholding by more than 2% of its last disclosed position in Le Travenues Technology. The exact number of shares acquired and the resulting total stake were not specified in the available data.

Mode of Acquisition

The shares were acquired through open market transactions, as stated in the regulatory filing. This method of acquisition suggests that Schroders Group made the purchase through normal trading activities on the stock exchanges.

Non-Promoter Status

It's important to note that Schroders Group does not belong to the promoter group of Le Travenues Technology. This information clarifies that the investment is part of Schroders' portfolio management activities rather than a strategic move by company insiders.

About Schroders Group

Schroders is a global investment management company with a strong presence in Asia. The acquisition was managed by Schroders Investment Management (Hong Kong) Limited, operating from their office at Level 33, Two Pacific Place, 88 Queensway, Hong Kong.

Implications

While the specific reasons for increasing the stake were not disclosed, such moves by large institutional investors are often seen as a vote of confidence in a company's prospects. For Le Travenues Technology, this increased investment by a reputable global fund manager could be viewed positively by the market.

Investors and market analysts will likely keep a close eye on any further developments or disclosures from either Schroders Group or Le Travenues Technology in the coming days.