IPO-Bound ixigo Acquires Inter-City Bus Ticketing Platform AbhiBus

IPO-Bound ixigo Acquires Inter-City Bus Ticketing Platform AbhiBus

SUMMARY

The Abhibus team and founder Sudhakar Reddy Chirra will join the ixigo team

Abhibus provides end-to-end software and other value-added solutions such as e-ticketing, fleet management, vehicle tracking, passenger information systems, and logistics management

Online travel aggregator ixigo had acquired rail services platform Confirmtkt earlier this year

Ahead of its initial public offering later this year, Gurugram-based online travel aggregator ixigo has acquired Hyderabad-based bus ticketing and aggregation platform AbhiBus. 

Following the cash and stock deal, the Abhibus team led by its founder Sudhakar Reddy Chirra will join ixigo, and all intellectual property, brands, technology and operations are being transferred to the OTA.

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