IXIGONSELe Travenues Technology LimitedMediumPositive
Announced Fri, 12 Sept · 12:43 IST

Le Travenues Technology Limited has informed the Exchange regarding 'Media Release - ixigo Trains Joins Hands with Delhi Metro (DMRC) & ONDC Network to Launch Metro Ticket Booking Services'.

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Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

Le Travenues Technology, which runs the ixigo travel platform, has partnered with Delhi Metro Rail Corporation (DMRC) and ONDC Network to enable metro ticket booking through its ixigo Trains app. The collaboration allows users to book Delhi Metro tickets directly on the ixigo platform, expanding its offerings beyond train and flight bookings. The move is aimed at capturing a share of urban transit bookings and leveraging government-backed digital infrastructure (ONDC). No financial terms or revenue impact have been disclosed in the announcement.

Likely market impact

Positive for brand visibility and potential user growth as ixigo expands into metro ticketing, though the near-term revenue impact on a public transit booking service is typically modest given thin margins.