Sunday, March 3

Tag: train booking

Travel App Ixigo acquires Confirmtkt
ACQUISITION

Travel App Ixigo acquires Confirmtkt

Travel app ixigo acquire 100 percent shares of Bengaluru-based online train discovery and booking platform Confirmtkt in an undisclosed cash and stock deal. The founders of ixigo will join the Confirmtkt board and existing investors of Confirmtkt, including Venture Catalysts, will be exiting the company fully as a part of the deal, ixigo said in a statement on Thursday. Both companies will continue to run independently, post this acquisition. Ixigo and Confirmtkt are official IRCTC B2C premium ticketing partners for online train reservations in India. "This deal will help the group to consolidate its presence in Tier 2/3/4 markets with its combined user base of nearly 200 million Indians", the statement said. Aloke Bajpai and Rajnish Kumar, Co-Founders, ixigo, said, "The combi...
Railyatri Operations are Unauthorised: Delhi HC
INDIA

Railyatri Operations are Unauthorised: Delhi HC

The Delhi High Court today dismissed the writ petitions filed by Stelling Technologies, which owns and manages the online train ticket booking portal 'railyatri.in' providing service related to rail journeys. The Indian Railway Catering and Tourism Corporation(IRCTC) had cracked whip on the Retail Service Providers(RSP) who were associated with RailYatri by deactivating their access credentials to the IRCTC site. According to the IRCTC, the services by RailYatri were unauthorized, and the RSPs, by associating with it, had violated their contractual terms with IRCTC. The IRCTC said that it is the only entity authorized by the Ministry of Railways to supply e-tickets, and that RSPs are delegated agents of the IRCTC, who cannot enter into further transactions with third-party enti...