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Google payments head Caesar Sengupta leaves after 15 years
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Google payments chief quits after 15 years at company
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Google payments chief quits after 15 years at company
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ixigo Acquires Train Booking App Confirmtkt
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Online travel aggregator ixigo has acquired Confirmtkt, a Bengaluru-based train ticket app, for an undisclosed sum, said the company on Thursday. 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. Both companies will continue to run independently, post this acquisition, ixigo said in a statement. Train travel in India is an $8 billion market, with more 25 million passengers shuttling daily before the Covid-19 pandemic struck the country. Booking is resuming swiftly as train services resume after lockdowns to contain the pandemic’s spread. Both 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.