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Online travel platform ixigo has approved buying a majority stake in Spain-based Trenes for about ₹125 crore, strengthening its presence in the European train booking market.
Founded in 2013, Trenes operates an online platform for train ticket bookings, mainly in Spain, with some presence across Southern Europe.
The deets: ixigo will buy 60% of Trenes, with the option to purchase the remaining stake later. After the deal, Trenes will become a step-down subsidiary of ixigo.
What will Ixigo get: this is ixigo’s first major international acquisition, marking its entry into Europe, the global benchmark for rail travel.
It plans to combine Trenes’ strong rail partnerships and presence in Spain with its own AI-driven technology to scale faster across Europe.
The market opportunity: Spain recorded 549 million rail passengers in 2024, showing the sheer size of demand. Trenes operates across Spain and Southern Europe, enabling multi-operator bookings.
