ixigo To Raise Stake In Train Food Delivery Startup Zoop

Online travel aggregator ixigo is increasing its stake in the train food delivery platform and its subsidiary Zoop Web Services by 11% via a secondary share purchase worth INR 3.25 Cr.

In an exchange filing, the company said that it would buy 1,717 shares from Zoop’s founders Puneet Sharma and Manoj Kumar Singh. The acquisition is expected to be completed by September 30.

Notably, ixigo acquired a 51% stake in Zoop in October 2024. At the time, it said it has the option to purchase the remaining stake in Zoop, subject to fulfillment of certain conditions.

Founded in 2014, Zoop is an IRCTC-authorised food delivery aggregator. It operates at 192 railways stations across India and has partnered with around 400 select restaurants. Following the majority stake acquisition in Zoop, ixigo launched its ‘Food on Train’ offering.

As per the filing today, Zoop generated a revenue of INR 10.90 Cr in FY25, up 42% from INR 7.66 Cr in the previous fiscal year.

ixigo announced the stake acquisition along with its Q1 financials. The company’s consolidated net profit rose 27% to INR 18.9 Cr in Q1 FY26 from INR 14.9 Cr in the year-ago period on the back of a sharp increase in its revenue.

(The story will be updated soon)

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