ixigo, India's leading OTA for the next billion users, announced an expansion of its exclusive partnership with PhonePe, India's leading fintech platform for offering flight & bus bookings on the PhonePe app in addition to its existing train partnership. ixigo will exclusively power these travel booking options on PhonePe, integrating services from ixigo Flights for flight bookings, AbhiBus for bus bookings as well as expanding its prior partnership with ConfirmTkt for train bookings.
The ixigo-PhonePe partnership will enable over 54 crore PhonePe users to experience more comprehensive travel booking and utility services for flights, trains, and buses. Along with simpler payment processes, travelers can enjoy exciting discounts and offers on flight, train and bus bookings. PhonePe users can also take advantage of advanced features and value-added services from the ixigo Group, including ixigo Assured (Free Cancellation), ixigo Assured Flex, Abhi Assured among others to book fully flexible and freely reschedulable flight, train and bus tickets, and get instant refunds of their fare upon cancellation.
Commenting on the partnership, Aloke Bajpai, Group CEO, ixigo, and Rajnish Kumar, Group Co-CEO, ixigo, said, "We are thrilled to partner with PhonePe, for bringing our travel booking services to their extensive user base. This collaboration will particularly benefit travelers from Tier 2 and Tier 3 cities, leveraging ixigo's products & offerings for the next billion users and PhonePe's growing penetration in smaller towns and its fintech expertise. Together, we aim to make travel bookings more accessible, affordable, and convenient for millions of Indians."
Commenting on the partnership, Sameer Nigam, Founder & CEO, PhonePe, said, "We are excited to partner with the ixigo Group for flight, train & bus booking options on PhonePe. With rising disposable incomes and growing aspirations of Indian travelers, we are seeing rapid adoption of our travel offerings. The ixigo, ConfirmTkt & AbhiBus apps offer great customer experience ideal for catering to the fast evolving travel needs of Indians."
Shares of Le Travenues Technology Limited was last trading in BSE at Rs. 160.37 as compared to the previous close of Rs. 166.50. The total number of shares traded during the day was 298075 in over 4299 trades.
The stock hit an intraday high of Rs. 169.79 and intraday low of 158.00. The net turnover during the day was Rs. 48547963.00.