IXIGONSELe Travenues Technology LimitedMediumPositive
Announced Thu, 25 Sept · 12:03 IST

Le Travenues Technology Limited has informed the Exchange regarding 'Media Release - AbhiBus (ixigo Group) Partners with OSRTC to Expand State Transport Bus Coverage in Odisha'.

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Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

AbhiBus, the bus ticketing business of ixigo (Le Travenues Technology), has partnered with the Odisha State Road Transport Corporation (OSRTC) to list its services on the AbhiBus platform. OSRTC runs 4,800 daily services with 577 buses, connecting 130+ cities within Odisha and 68 cities in other states, including routes like Bhubaneswar-Puri and Cuttack. With this addition, AbhiBus now aggregates 17 major state road transport corporations (SRTCs), having onboarded 7 new SRTCs in recent months. The partnership gives Odisha passengers access to digital booking, real-time bus tracking, and secure payments for government bus services.

Likely market impact

This is a routine network expansion announcement for ixigo's AbhiBus platform, strengthening its position as a leading bus ticketing aggregator in India. No financial terms or revenue impact have been disclosed, so the near-term effect on earnings is likely limited. It signals continued growth in ixigo's bus segment and deeper integration with government-run transport services, which is a positive long-term strategic move.