ixigo takes over bus ticketing platform AbhiBus
ixigo takes over bus ticketing platform AbhiBus: Le Travenues Technology, the company that operates the AI based travel app “ixigo” has purchased the business and operations of Hyderabad based bus ticketing and aggregation platform AbhiBus as a going concern on a slump sale basis vide a business transfer agreement, for 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. Aloke Bajpai and Rajnish Kumar , Co-Founders, ixigo said - “ixigo and AbhiBus founders share the passion and focus on the next billion traveler market. AbhiBus has built an innovative and high growth company with deep penetration on the supply side across state road transport companies (SRTCs) & private bus operators and on the demand side, as the dominant bus ticketing brand in several Indian st...