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Latest news about Le Travenues Technology (IXIGO)

Ixigo Files Q3FY26 Monitoring Agency Reports for IPO and Preferential Issue Proceeds 3 days ago

Le Travenues Technology (ixigo) filed Q3FY26 monitoring agency reports showing compliant utilization of IPO proceeds (₹112.67 crore) and preferential issue proceeds (₹1,295.56 crore). ICRA Limited and CARE Ratings Limited confirmed no material deviations, with funds deployed across technology investments, working capital, and strategic initiatives including acquisition of Zoop Web Services stake.

ixigo Delivers Robust Q3FY26 Performance with 31% Revenue Growth and Strong Profitability 3 days ago

Le Travenues Technology Limited Grants 98,944 Stock Options Under Employee Schemes 3 days ago

Le Travenues Technology Limited Schedules Q3FY26 Results and Earnings Call for January 22, 2026 6 days ago

Ixigo shares surge 10% after JM Financial upgrades stock to 'Buy' with ₹275 target Jan 13, 2026

More news about Le Travenues Technology (IXIGO)

13Jan 26

Ixigo shares surge 9% on JM Financial's double upgrade to 'Buy', target price set at ₹275

Le Travenues Technology (Ixigo) shares surged over 9% following JM Financial's double upgrade to 'Buy' from 'Reduce', with a target price of ₹275 implying 29% upside. The brokerage views the recent 20% correction since November 2024 as overdone, despite near-term headwinds in the flights business. JM Financial expects temporary challenges to ease, highlighting Ixigo's strong long-term positioning through effective cross-selling and superior customer experience.

13Jan 26

Ixigo Shares Jump 7% as JM Financial Upgrades to Buy with ₹275 Target Price

Le Travenues Technology (Ixigo) shares surged 7% to ₹227.50 after JM Financial upgraded the stock to 'Buy' with a ₹275 target price, indicating 30% upside potential. The upgrade was driven by attractive valuations following a 20% correction, strong long-term fundamentals in India's travel ecosystem, manageable air industry disruption concerns, and measured hotel expansion strategy. Despite trimming revenue and EBITDA estimates, JM Financial believes the recent decline offers an attractive entry point for long-term investors.

18Dec 25

Ixigo Sets Up New Subsidiary in Singapore for Southeast Asian Expansion

Le Travenues Technology (IXIGO) has incorporated a new wholly-owned subsidiary, Ixigo Pte. Ltd., in Singapore. This strategic move aims to tap into the Southeast Asian travel and tourism market, leveraging Singapore's position as a regional business hub. The expansion aligns with IXIGO's growth strategy in the travel technology sector and is expected to facilitate operations and business opportunities in the region.

18Dec 25

IXIGO incorporates Singapore subsidiary for expansion

Le Travenues Technology (IXIGO) has incorporated a wholly owned subsidiary, IXIGO PTE. LTD., in Singapore on December 18, 2025. The company invested SGD 50,000 for 50,000 ordinary shares, each priced at SGD 1. The new entity will focus on travel technology and strategic investment management, aiming to lead international expansion and strategic initiatives. The incorporation has been approved by Singapore's Accounting and Corporate Regulatory Authority and disclosed under SEBI regulations.

17Nov 25

Le Travenues Technology Grants Over 500,000 Employee Stock Options

Le Travenues Technology, parent of travel platform ixigo, has approved 508,613 stock options under four employee stock option schemes. The options, priced at Rs. 93.00 each, have varying vesting periods from one to four years. This move aims to retain talent, align employee interests with company growth, and increase employee ownership. The company's diluted share capital now stands at 457,087,683 shares. Additionally, MIH Investments One B.V. has increased its stake to 15.36% through a preferential allotment.

06Nov 25

ixigo Reports 37% Revenue Growth in Q2, Raises INR 1,296 Crores from Prosus

Le Travenues Technology (ixigo) reported a 37% year-on-year growth in revenue from operations for Q2, reaching INR 282.70 crores. The company's Gross Transaction Value increased by 23% to INR 4,347.50 crores, while Adjusted EBITDA grew 36% to INR 28.50 crores. ixigo's flight segment showed 60% revenue growth despite market contraction. The company also announced a significant fundraise of approximately INR 1,296 crores through preferential issuance to Prosus, aimed at strengthening its balance sheet and fueling AI-led growth initiatives.

01Nov 25

Le Travenues Technology (ixigo) Shareholders Approve Key Resolutions in Extraordinary General Meeting

Le Travenues Technology (IXIGO) held an Extraordinary General Meeting on November 1, 2025, where shareholders approved three special resolutions. These include preferential share allotment, amendments to the Articles of Association granting special rights to an identified shareholder, and further modifications to the Articles of Association. All resolutions received over 99% votes in favor. The meeting, attended by 67 members virtually, was chaired by Aloke Bajpai, Chairman, Managing Director & Group CEO.

30Oct 25

ixigo Reports Strong Q2 FY26 Growth, Outpacing Market Despite Headwinds

Le Travenues Technology (IXIGO), India's AI-based travel platform, announced robust Q2 FY26 results. Revenue from operations increased 37% YoY to ₹282.70 crore, while Gross Transaction Value grew 23% YoY to ₹4,347.50 crore. Adjusted EBITDA rose 36% YoY to ₹28.50 crore. The company saw significant growth across segments, with flight revenue reaching ₹89.40 crore and bus segment revenue growing to ₹65.40 crore. Adjusted profit before tax, excluding a one-off ESOP expense, increased 26% YoY to ₹24.40 crore. ixigo also expanded its services, partnering with DMRC and ONDC for metro ticketing and onboarding new state transport corporations for bus services.

29Oct 25

ixigo Reports Strong Q2 Growth, Focuses on AI-Driven Travel Tech and Tier-II Expansion

Le Travenues Technology (IXIGO), an AI-based travel platform in India, reported robust Q2 results with 23% YoY growth in Gross Transaction Value to ₹4,347.50 crore and 37% YoY increase in Revenue from Operations to ₹282.70 crore. The company's flight and bus segments showed significant growth at 29% and 51% respectively. ixigo is focusing on AI-driven innovations, expanding bus services, enhancing train booking experiences, and integrating metro ticketing. The company's strategy includes leveraging AI technology and expanding into Tier-II markets to drive long-term growth and profitability.

29Oct 25

Le Travenues Tech Reports Strong Growth in Buses and Flights Segments

Le Travenues Technology (IXIGO), an AI-based travel platform in India, reported a 37% year-over-year increase in revenue to ₹282.70 crore. The company's Gross Transaction Value (GTV) grew by 23% to ₹4,347.50 crore, with significant growth in bus (51%) and flight (29%) segments. However, the company faced profitability challenges, reporting a net loss of ₹32.00 million compared to a profit in the previous year. EBITDA turned negative at ₹38.00 million. The company has implemented strategic initiatives including partnerships with DMRC and ONDC, expansion of AbhiBus network, and introduction of AI-powered features to enhance user experience.

15Oct 25

Peak XV Partners Reduces Stake in Le Travenues Technology

Peak XV Partners Investments V has reduced its stake in Le Travenues Technology (IXIGO) through an off-market sale of 13 million equity shares. The transaction decreased Peak XV's ownership from 10.04% to 6.71% of the total share capital, and voting rights from 9.54% to 6.38%. The sale, conducted on October 10, 2025, represented 3.33% of IXIGO's total voting capital. Despite the significant transaction, IXIGO's total equity share capital remains unchanged at 390,291,963 shares.

14Oct 25

SAIF Partners India IV Reduces Stake in IXIGO by 3.27%

SAIF Partners India IV Limited has significantly reduced its shareholding in Le Travenues Technology, the parent company of IXIGO, from 5.76% to 2.49%. The transaction involved selling 14,275,095 shares through both open market and off-market transactions. The sale does not affect the company's total equity share capital, which remains at Rs. 436,673,699.

10Oct 25

Le Travenues Technology Approves ₹1,295.56 Crore Equity Share Issuance to Fuel AI-Driven Growth

Le Travenues Technology, parent of travel platform ixigo, has approved issuing 46,270,092 equity shares at ₹280 each to MIH Investments One B.V., a Prosus subsidiary, raising ₹1,295.56 crore. The funds will be equally allocated (25% each) to organic growth, inorganic growth, working capital, and general corporate purposes. The company plans to focus on AI and technology investments, including new AI platforms, cloud infrastructure, and product enhancements. An Extraordinary General Meeting is scheduled for November 1, 2025, to seek shareholder approval.

08Oct 25

Le Travenues Technology (IXIGO) Reports Strong Q2 Results as Unnamed Investor Eyes 16% Stake

Le Travenues Technology, Ixigo's parent company, reported impressive Q2 results with 73% YoY revenue growth to ₹314.40 crore, 53.40% EBITDA growth to ₹25.47 crore, and 27.70% net profit increase to ₹18.90 crore. An unnamed investor is looking to acquire up to 16% stake through secondary acquisitions. The company maintains its projection of over 40% gross transaction value growth for FY2026. A board meeting is scheduled for October 10, 2025, to consider fund-raising options. Despite the news, shares closed 1.4% lower at ₹307.50, but have gained 118% over the past six months.

25Sept 25

AbhiBus Partners with OSRTC to Digitize Odisha's State Bus Services

AbhiBus, owned by Le Travenues Technology (IXIGO), has partnered with Odisha State Road Transport Corporation (OSRTC) to digitize state bus services across Odisha. The collaboration will provide digital booking capabilities and real-time tracking for OSRTC's extensive network, which covers over 130 cities within Odisha and 68 cities outside the state. The partnership includes OSRTC's Mukhyamantri Bus Seva, connecting 6,720+ Gram Panchayats. AbhiBus now aggregates 17 major State Road Transport Corporations, offering millions of passengers affordable and reliable travel options.

22Sept 25

Schroders Group Boosts Stake in Le Travenues Technology by Over 2%

Schroders Group has significantly increased its shareholding in Le Travenues Technology, the parent company of ixigo, through open market transactions on September 18, 2025. The acquisition, managed by Schroders Investment Management (Hong Kong) Limited, increased Schroders' stake by over 2% from its last disclosed position. This move triggered regulatory disclosures under SEBI regulations, with filings made to both BSE and NSE on September 22, 2025. Schroders Group is not part of the promoter group of Le Travenues Technology.

19Sept 25

Ixigo Shares Surge 3% as Jefferies' Chris Wood Adds Stock to India Portfolio

Le Travenues Technology (IXIGO), operator of travel platform Ixigo, saw its shares rise over 3% to Rs 282.00 after Christopher Wood, Jefferies' Global Head of Equity Strategy, added it to his India long-only portfolio with a 4% weight. Ixigo's market cap is Rs 10,883.00 crore, with an 88% 1-year return. The company's Q1 FY2026 results show a 28.50% YoY increase in consolidated net profit to Rs 19.00 crore and a 74.00% YoY revenue growth to Rs 321.00 crore. Ixigo recently held an investor meeting with Awriga Capital Advisors LLP, discussing no unpublished price-sensitive information.

16Sept 25

Ixigo Teams Up with Cred to Elevate Flight Booking Experience for New Credit Card Users

Ixigo, a travel platform, has formed a strategic partnership with Cred to improve the flight booking experience for users of the new Cred IndusInd Bank RuPay Credit Card. The collaboration aims to offer streamlined booking processes and special benefits to cardholders. This alliance combines Ixigo's travel expertise with Cred's fintech innovation, focusing on enhancing customer experience through improved accessibility and integrated services.

12Sept 25

ixigo Launches QR-Based Metro Ticket Booking in Partnership with Delhi Metro and ONDC

Le Travenues Technology's ixigo has partnered with Delhi Metro Rail Corporation and Open Network for Digital Commerce to introduce QR-based metro ticket booking on its ixigo Trains app. The integration allows users to plan and book end-to-end journeys across multiple transportation modes on a single platform. ixigo is offering 100% cashback (up to ₹50) for first-time users booking Delhi Metro tickets between 9-11 AM daily. This collaboration aims to provide a seamless travel experience, reduce queuing time, and contribute to building a unified mobility layer for India.

08Aug 25

ixigo Launches Tricolour Travel Sale with Up to 15% Discounts on Flights and Hotels

Le Travenues Technology (IXIGO) announces Tricolour Travel Sale from August 8-12, 2025, offering 12% off on flights and hotels with coupon code 'FREEDOM'. Additional discounts available through bank partnerships. The company reports a 25-30% year-on-year increase in flight bookings for the Independence Day weekend. Popular destinations include Dehradun, Port Blair, Goa, and Coimbatore. CEO Aloke Bajpai notes the sale aims to provide budget-friendly options for the four-day weekend.

21Jul 25

Schroder Group Crosses 5% Stake in Le Travenues Technology, Becomes Substantial Shareholder

Schroder Investment Management and associated entities have increased their stake in Le Travenues Technology (IXIGO) from 4.92% to 5.18% through open market purchases. Schroder International Selection Fund Asian Total Return acquired a 0.43% stake, while other Schroder funds collectively purchased a 0.26% stake. The total equity share capital of IXIGO is 390,403,607 shares. Schroder has filed necessary disclosures with stock exchanges as per SEBI regulations.

21Jul 25

Schroder Group Increases Stake in Le Travenues Technology, Crosses 5% Threshold

Schroder Investment Management and associated entities have increased their shareholding in Le Travenues Technology (IXIGO) from 4.92% to 5.18% through open market purchases. The acquisition involved 1,658,750 shares by Schroder International Selection Fund Asian Total Return and 1,000,000 shares by other Schroder funds. Le Travenues Technology has a total equity share capital of 390,403,607 shares and is dual-listed on NSE and BSE. Schroder Investment Management has submitted the required disclosure forms to BSE in compliance with SEBI regulations.

18Jul 25

Ixigo's Q1 FY26 Success: Strong Financial Performance Amid Market Volatility

Le Travenues Technology (IXIGO), an Indian travel technology company, reported impressive Q1 FY26 results with a 73% year-over-year revenue growth to Rs 314.50 crore and a 27% increase in net profit to Rs 19.00 crore. The company claims a 60% market share in online train bookings and holds strong positions in flight and bus bookings. CEO Aloke Bajpai attributes this success to a decade-long strategy focusing on India's underserved market. The stock initially surged 19% before declining 6% to Rs 201.70. The company has been engaging with various analysts and investors, indicating growing interest in its business model.

17Jul 25

Le Travenues Technology Ltd: Ixigo's Q1 Results Drive 12% Stock Surge

Le Travenues Technology (IXIGO), an Indian OTA, reported strong Q1 results with a 73% year-over-year revenue increase to ₹314.40 crore. Net profit grew by 27.7% to ₹18.90 crore, while EBITDA rose 53.4%. The company saw significant growth across flight, bus, and train segments, with flight revenue up 148% year-over-year. IXIGO also reported operational improvements, including increased Monthly Active Users and enhanced AI-driven customer support. The company introduced new features like Visa Rejection Protection and expanded its strategic partnerships. Following the results announcement, IXIGO's stock reached a post-listing high of ₹199.95, up 12%.

16Jul 25

Ixigo Reports Strong Q1 FY26 Results: Revenue Surges 73% YoY, Profit Up 76%

Le Travenues Technology (IXIGO) reported robust Q1 FY26 results. Revenue from operations increased 73% YoY to ₹314.50 crore. Gross Transaction Value rose 55% to ₹4,644.70 crore. Profit before share of loss of an associate, exceptional items, and tax grew 76% to ₹28.70 crore. EBITDA increased 69% to ₹32.50 crore. Flight & Bus GTV each grew 81%, while Train GTV increased 30%. The company introduced new features like Visa Rejection Protection and ixigo credit. AI initiatives include TARA Voice, which resolves over 60% of customer calls. Ixigo remains focused on expanding in Tier II/III markets and leveraging AI for growth.

16Jul 25

Le Travenues Technology Ltd (Ixigo): Q1 Profit Soars 27.7%, Revenue Up 74.2%

Le Travenues Technology (IXIGO) announced robust Q1 financial results, with revenue from operations increasing 74.2% year-over-year to ₹314.40 crore. Net profit grew 27.7% to ₹18.90 crore, while EBITDA expanded 53.1% to ₹25.50 crore. The company's Gross Transaction Value (GTV) reached ₹4,644.70 crore, a 55% year-over-year increase. IXIGO saw growth across its flights, buses, and train booking segments, and continues to focus on AI-driven innovations and product enhancements.

14May 25

LE TRAVENUES TECH Reports Robust Q4 Performance with Significant Revenue and Profit Growth

LE TRAVENUES TECH announced impressive Q4 financial results, showcasing significant year-over-year growth. Revenue surged by 69.70% to 2.80B rupees, while net profit increased by 85.56% to 167.00M rupees. EBITDA rose by 58.97% to 248.00M rupees. However, the EBITDA margin slightly decreased by 0.73 percentage points to 8.73%.