Ixigo acquires AbhiBus as pandemic continues to churn travel industry

Mumbai: IPO-bound online travel portal Ixigo has acquired Hyderabad-based AbhiBus, making the ticketing and aggregation platform the latest to succumb to a pandemic-induced slowdown in transportation.

The slump sale includes a mix of cash and Ixigo stock as consideration.

“The AbhiBus team, led by its founder Sudhakar Reddy Chirra, have joined the Ixigo team, and all intellectual property, brands, technology and operations are being transferred to Ixigo,” according to a statement released Thursday. The deal will help Ixigo consolidate its presence in Tier II/III/IV markets by “offering a multi-modal transportation experience” to the combined user base of 255 million users.