M&A

M&A

Travel portal Ixigo acquires 51% stake in train food delivery platform Zoop for Rs.12.54 Cr

Startup Story Media  

Online travel aggregator ixigo has acquired a 51% stake in New Delhi-based Zoop Web Services Pvt Ltd, a train food delivery platform, for INR 12.54 crore (USD 1.4 million). The acquisition was made through a combination of primary and secondary share purchases.ixigo also holds the option to acquire the remaining stake in Zoop upon the fulfilment of certain conditions. This acquisition enables ixigo to expand its services for train passengers by integrating Zoop’s food delivery capabilities with its own suite of travel applications.Zoop, an IRCTC-authorised food delivery aggregator, was founded in 2016 by Puneet Sharma and Manoj Kumar. The platform partners with around 400 select restaurants and currently operates at 192 railway stations across India. In the financial year 2024, Zoop reported a revenue of INR 7.65 crore and achieved profitability.Founded in 2007, ixigo currently boasts over 480 million annual active users. The company went public in June this year.