ixigo, the online travel portal, is expanding its international footprint with a strategic acquisition in Spain. The company has purchased a 60% stake in Trenes, the second-largest online train booking platform in Spain, for ₹125 crore. This move marks ixigo's first overseas acquisition and comes after raising significant capital through a stake sale to Prosus last October. Trenes, founded in 2013, has a strong presence in Spain and Southern Europe, with integrations across major rail operators. The platform generated approximately €5.5 million in revenue and €1.35 million in net profit in 2025. Simultaneously, ixigo also acquired a 45% stake in Spanish tech startup Sqaas for ₹5 crore. The acquisition is expected to create synergies by combining Trenes' local market expertise with ixigo's AI-driven technological innovations.
