Connect with us

Latest News

Ixigo Acquires 51% Stake in Train Food Delivery App Zoop to Enhance Train Travel Experience!

Published

on

Ixigo Acquires 51% Stake in Train Food Delivery App Zoop to Enhance Train Travel Experience!,Startup Stories,Startup Stories India,Inspirational Stories 2024,Latest Technology News and Updates,2024 Technology News,Tech News,startup news,Ixigo acquisition,Zoop food delivery app,Train travel experience,Ixigo Zoop partnership,Train food delivery services,Travel app innovations,Food delivery in trains,Enhancing train journeys,Railway food services,Indian travel apps,Train passenger experience,Online food ordering for trains,Train travel convenience,Ixigo investment,Zoop app features,Ixigo,Train Food Delivery App

Ixigo, a key player in India’s travel booking sector, is set to acquire a 51% stake in Zoop Web Services Private Limited, a specialized train food delivery service that partners with the Indian Railway Catering and Tourism Corporation (IRCTC). The acquisition, valued at Rs 12.54 crore, is structured as a mix of primary and secondary share purchases, along with a non-compete fee.

Expanding in the E-Catering Industry

Through this acquisition, Ixigo aims to strengthen its footprint in the rapidly growing e-catering segment within India’s railways. Zoop currently operates across 192 railway stations and collaborates with 400 restaurants, allowing Ixigo to enhance its offerings for train passengers by integrating Zoop’s food delivery services with its own platform. With train travel being a significant revenue stream for Ixigo, this acquisition aligns with its broader strategic objectives.

Enhancing Passenger Experience

Ixigo’s leadership highlighted the role of reliable food service in enhancing the travel experience, particularly during train journeys where food options can be limited. Integrating Zoop’s capabilities will allow Ixigo to provide passengers with expanded choices, contributing to an improved overall journey experience.

Deal Structure and Future Expansion

Approved by Ixigo’s board on October 24, 2024, the transaction is anticipated to close by year-end, pending regulatory conditions. The investment is a mix of primary and secondary share acquisitions and secures Ixigo’s control over Zoop’s operations as a subsidiary. Notably, Ixigo also has an option to buy the remaining 49% stake, allowing for potential future expansion based on Zoop’s growth and market conditions.

Launch of “Food on Train” Feature

With Zoop’s acquisition, Ixigo has launched a “Food on Train” feature that allows passengers to pre-order meals at select railway stations and have them delivered directly to their seats. This feature includes real-time tracking and cancellation options, further enhancing convenience. The integration leverages Ixigo’s train scheduling data to ensure timely service, aiming to reduce missed deliveries and improve customer satisfaction by providing a range of meal options from trusted vendors.

Strategic Importance of the Acquisition

This acquisition signifies Ixigo’s commitment to enhancing the travel experience for Indian train passengers as it continues to expand its suite of services in the travel tech industry. By offering integrated food delivery solutions, Ixigo aims to differentiate itself in a competitive market while addressing the needs of travelers seeking convenience and quality during their journeys.

Broader Market Context

The e-catering segment is witnessing rapid growth as more travelers seek convenient dining options while on the move. With increasing competition from other travel platforms and food delivery services, this strategic move positions Ixigo well to capitalize on emerging trends in passenger services.

Conclusion

Ixigo’s acquisition of a majority stake in Zoop Web Services marks a significant step toward enhancing the overall travel experience for Indian train passengers. By integrating reliable food delivery services into its platform, Ixigo is not only expanding its service offerings but also addressing a critical aspect of train travel that has often been overlooked.

As this partnership develops, it will be interesting to see how it influences customer satisfaction and loyalty within India’s evolving travel landscape. The focus on improving passenger experiences through innovative solutions like Zoop’s services underscores Ixigo’s commitment to leading in the travel tech industry.

 

Continue Reading
Advertisement
2 Comments

2 Comments

  1. binance registrering

    April 8, 2025 at 12:36 pm

    Your article helped me a lot, is there any more related content? Thanks!

  2. best binance referral code

    April 18, 2025 at 3:46 am

    Thank you for your sharing. I am worried that I lack creative ideas. It is your article that makes me full of hope. Thank you. But, I have a question, can you help me?

Leave a Reply

Your email address will not be published. Required fields are marked *

Latest News

Piyush Anchliya Joins Cashfree Payments as CFO Amid Expansion in India’s Fintech Sector

Published

on

Cashfree Payment - StartupStories

Cashfree Payments has appointed Piyush Anchliya as its new Chief Financial Officer (CFO), effective April 15, 2025. Anchliya brings over 15 years of experience in investment banking, corporate finance, strategy, and mergers and acquisitions, with senior roles at Barclays, Bandhan Group, and most recently as CFO of Bandhan AMC. He holds an MBA from IIM Ahmedabad and a B.Tech. from IIT Kharagpur.

In his new role, Anchliya will lead Cashfree’s financial strategy, optimize operations, and support the company’s next growth phase. He will report to CEO and Co-founder Akash Sinha, who highlighted Anchliya’s expertise as vital for sustainable scaling and strengthening the company’s financial foundation. Anchliya succeeds outgoing CFO Vikas Guru, who will assist during the transition.

Founded in 2015, Cashfree Payments processes over $80 billion annually for more than 800,000 businesses. The company recently raised $53 million in funding led by KRAFTON and Apis Growth Fund II and secured key RBI licenses, positioning it for accelerated growth in India’s fintech sector. Anchliya’s appointment comes at a pivotal time as Cashfree aims to expand its leadership in digital payments.

Continue Reading

Latest News

Flipkart’s Jeyandran Venugopal Likely to Join Reliance Retail as CEO

Published

on

Flipkart - StartupStories

Jeyandran Venugopal, the outgoing Chief Product and Technology Officer of Flipkart, is set to become the CEO of Reliance Retail Ventures (RRV), the retail arm of Reliance Industries. His appointment, expected to be finalized in May after his exit from Flipkart, signals Reliance’s push to strengthen its retail business with a technology-first approach.

Venugopal brings extensive experience from leading roles at Flipkart, Myntra, Yahoo, Snapdeal, and Amazon, where he focused on scaling technology platforms and driving innovation. At Flipkart, he managed product, engineering, data science, and more, helping build robust systems and improve user experience.

His move comes as Reliance Retail undergoes transformation, including cost-cutting and a renewed focus on digital growth. Venugopal’s leadership is expected to accelerate Reliance’s ambitions in omnichannel and tech-driven retail, positioning the company for continued dominance in India’s evolving market.

Continue Reading

Latest News

Delhivery’s Acquisition of Ecom Express: A Major Consolidation in Indian Logistics

Published

on

Delhivery’s Acquisition of Ecom Express: A Major Consolidation in Indian Logistics,Startup News,Startup Stories 2025,Startup Stories India,Startup Latest News,Startup Story,Delhivery,Delhivery’s Acquisition of Ecom Express,Indian Logistics,Stock Market News,Stock Market,Indian Stock Market,Ecom Express,Delhivery Acquires Controlling Stake In Ecom Express,Delhivery's ₹1407-crore Acquisition Of Ecom Express,Ecom Express Acquisition,Delhivery To Acquire Ecom Express,India's Logistics Landscape,Logistics Acquisition,E-commerce Logistics,Indian Logistics Market,Delivery Infrastructure,Logistics Technology,Supply Chain Consolidation,Acquisitions,Stock Market Updates,Business News,Business News Today,Share Market Today,Delhivery Share Price,Delhivery Share,Delhivery Share News,Delhivery IPO,Delhivery Stock News,Delhivery Stock Market,Delhivery New Acquistion

Delhivery, one of India’s leading logistics companies, has announced its acquisition of Ecom Express in an all-cash deal valued at ₹1,407 crore. This strategic move marks one of the largest consolidations in the logistics sector and is expected to enhance Delhivery’s scale, profitability, and operational efficiency.

Background

Ecom Express, founded in 2012 and headquartered in Gurugram, has faced significant financial challenges recently. The company canceled its IPO plans in 2024 and laid off hundreds of employees due to operational setbacks, including losing a major client, Meesho, which shifted to its in-house logistics service Valmo. These struggles led to a distressed sale, with private equity investors like Warburg Pincus and Partners Group exiting their stakes entirely.

Strategic Benefits for Delhivery

  1. Enhanced Scale: The acquisition will strengthen Delhivery’s network reach and infrastructure, enabling better service delivery across India.
  2. Operational Synergies: Combining operations with Ecom Express will improve efficiency and reduce costs through economies of scale.
  3. Competitive Edge: With Ecom Express as a subsidiary, Delhivery solidifies its leadership position in the logistics space by offering broader coverage and faster services.

Challenges Addressed

The acquisition mitigates risks from Ecom Express’ financial struggles while addressing past disputes between the two companies over inflated shipment volumes reported by Ecom Express during IPO filings.

Future Outlook

The deal is expected to close within six months after regulatory approval from the Competition Commission of India (CCI). Post-acquisition, Ecom Express will operate as a subsidiary of Delhivery, unlocking new growth opportunities such as advanced logistics technology integration and expanded customer reach.

With ₹5,488 crore in cash reserves as of September 2024, Delhivery is well-positioned to finance this acquisition without compromising financial stability. This move underscores Delhivery’s commitment to innovation and efficiency in India’s rapidly evolving logistics landscape.

Continue Reading
Advertisement

Recent Posts

Advertisement