Ixigo acquires bus ticketing platform AbhiBus

AbhiBus is the second acquisition of the year for Le Travenues Technology, parent company of ixigo

Le Travenues Technology, the firm that operates Artificial intelligence-based travel app, ixigo, has bought the business and operations of the Hyderabad-based bus ticketing and aggregation platform, AbhiBus, as a going concern on a slump sale basis. The business transfer agreement includes a mix of cash and Ixigo stock as consideration, while all AbhiBus intellectual property, brands, technology and operations are being transferred to ixigo. Following the acquisition, the AbhiBus team, led by founder Sudhakar Reddy Chirra has joined the ixigo team. “We are excited to be joining ixigo,...and remain committed as a team towards our joint vision of serving the underserved market segment of the next billion travellers in the country, for whom trains and buses are the primary modes of transportation,” said Mr. Chirra.