Le Travenues Technology Ltd

Le Travenues Technology Limited, popularly known as ixigo, is an online travel company that helps customers search, compare and book train tickets, flights, buses and hotels. Launched in 2007 by Aloke Bajpai and Rajnish Kumar, the company operates through three main brands: ixigo, ConfirmTkt and AbhiBus.

Its platforms serve travellers across India, including smaller cities and towns. The company reported approximately 57 crore annual active users in FY26. This includes people using its travel information tools as well as those making bookings.

Main Brands and Travel Services

ixigo’s brands cover different travel needs, from checking train schedules to booking flights, buses and accommodation.

• Train bookings through ixigo and ConfirmTkt: Customers can book railway tickets, check PNR status, track trains, view seat availability and see predictions about whether waitlisted tickets may get confirmed. These tools help travellers plan their journeys and receive updates before and during travel.
• Flight bookings through ixigo: Customers can compare fares and book domestic and international flights. The platform also offers flight status updates and travel-related add-on services. The total value of flight bookings grew 37% year on year in Q2 FY27.
• Bus bookings through AbhiBus: AbhiBus allows customers to compare bus operators, routes, ticket prices and available seats. It works with private operators and state transport undertakings. The total value of bus bookings increased 32% year on year in Q2 FY27.
• Hotel bookings through ixigo: The company’s hotel offering covered more than 70,000 properties in India, including over 12,000 directly contracted properties across 1,100 towns, as disclosed with its Q2 FY27 results. Hotel bookings crossed 4.7 lakh room nights during the quarter, after cancellations. One room night means one room booked for one night.

Business Model and Use of Technology

ixigo mainly operates as a travel booking and technology platform. It connects customers with airlines, railway booking systems, bus operators and hotels.

The company earns revenue through commissions, booking and convenience fees, and travel-related add-on services. Its earnings from each booking depend on the travel category and its arrangements with service providers.

The total value of bookings is different from the company’s revenue. For example, most of the amount paid for a flight ticket goes to the airline, while ixigo earns the applicable fees or commission.

ixigo also uses artificial intelligence and travel data to support ticket confirmation predictions, journey updates and customer assistance. By combining these tools with booking services, its apps help customers both plan trips and manage their journeys.

Revenue, Scale and Profitability

In Q2 FY27, Le Travenues Technology Limited reported a gross transaction value of ₹5,304.47 crore, up 22% year on year. Gross transaction value measures the total value of bookings made through its platforms.

Revenue from operations reached ₹320.96 crore, an increase of 13% year on year. The hotel business contributed approximately ₹8.1 crore in revenue, while its gross transaction value stood at ₹111.34 crore.

The company reported a net profit of ₹63.42 crore for the quarter. This included a gain from the partial sale of its stake in Freshbus, so the entire profit did not come from regular travel booking operations.

Its adjusted EBITDA was ₹23.58 crore. This operating earnings measure adds back employee stock option expenses and removes other income from EBITDA, helping distinguish business performance from certain other items affecting reported profit.