 "stake sale, disinvestment, psu, public sector undertaking, shares, stocks, growth, sale, buy")
Online travel aggregator ixigo has acquired Confirmtkt, a Bengaluru-based train ticket app, for an undisclosed sum, said the company on Thursday.
"The founders of ixigo will join the Confirmtkt board and existing investors of Confirmtkt, including Venture Catalysts, will be exiting the company fully as a part of the deal. Both companies will continue to run independently, post this acquisition," ixigo said in a statement.
Train travel in India is an $8 billion market, with more 25 million passengers shuttling daily before the Covid-19 pandemic struck the country. Booking is resuming swiftly as train services resume after lockdowns to contain the pandemic’s
