Ixigo buys train booking firm Confirmtkt to boost presence in small towns

Travel portal Ixigo has acquired Bengaluru-based Comfirmtkt, an online train discovery and booking platform for an undisclosed amount in a cash-plus-stock deal.

As part of the deal, Ixigo founders Aloke Bajpai and Rajnish Kumar will be joining the board of Confirmtkt and existing investors including Venture Catalysts will exit the company. Both companies will continue to run independently, Ixigo said in a statement. The deal will help the group consolidate its presence in tier 2, 3 and 4 markets, it added.