| Revenue TTM | ₹1,198.91 CrOperating Revenue |
|---|---|
| Market Cap | ₹6,978.51 CrTravel Services |
| Profit Growth | 56.28%Qtr YoY Growth |
| RSI | 36.12Neutral Zone |
Key highlights
- TARA multimodal assistant supports natural language interaction in English, Hindi, and Hinglish via voice and text
- New Trip Mode feature consolidates boarding passes and terminal details with real-time baggage belt updates
- Agentic Travel Flows automate background tasks including WhatsApp boarding pass delivery and room readiness checks
- The platform reached a milestone of 54 crore Annual Active Users in Fiscal 2025
- AI-native architecture enables intent-driven queries such as finding specific hotel amenities via voice commands
The Product — What It Is
The new ixigo app is built as an AI-native platform rather than a traditional application with layered AI features. Its core is TARA, a multimodal assistant that can interpret intent from complex voice prompts like planning multi-city itineraries or finding specific hotel features. The app includes Trip Mode, which serves as a real-time companion during travel by tracking flight schedules, gate changes, and weather updates.
Additionally, agentic travel flows operate in the background to autonomously manage critical tasks such as refund processing and coordinating with hotels ahead of check-in.
Commercial Opportunity
- Targets the Next Billion Users segment in India through intuitive voice-based and local language interfaces
- Reduces friction in the post-booking journey, potentially increasing user retention and app engagement levels
- Leverages a massive existing user base of 54 crore Annual Active Users to scale AI-driven travel services
- Differentiates from traditional OTAs by offering autonomous agents that perform tasks without user intervention
- Integrates with Digi Yatra and digital wallets like Apple and Google Wallet for seamless airport experiences
Strategic Fit
This launch aligns with ixigo's long-term strategy of using proprietary algorithms and travel intelligence to simplify complex real-world categories. By rebuilding the app from the ground up, the company moves beyond transactional booking flows into a persistent, assistant-led experience. This transition allows ixigo to capture more user data across the entire travel lifecycle, from discovery to arrival, providing deeper personalisation that can drive higher conversion rates for its hotel and flight segments compared to standard search-and-filter models.
Financial Context
The product launch comes amid strong financial momentum, with ixigo reporting a 31.35% YoY increase in quarterly revenue to ₹317.56 crore and a 56.28% jump in quarterly net profit. The company maintains a healthy operating profit margin of 8.32% and generated ₹122.21 crore in cash from operating activities annually. While the stock currently trades at a TTM Price-to-Earnings ratio of 122.68, the focus on AI-led efficiency and automation is aimed at scaling the platform with lower incremental operational costs.
“With the new AI-native version of our app, we are reimagining travel as a conversational, intuitive and deeply personalised experience powered by AI.”
“Our vision with this reinvention was to create an actionable playbook for how AI-native reinvention can be done in a complex, real-world category like travel.”
| Share price | ₹159.26 |
|---|---|
| Market capitalisation | ₹6,978.51 Cr |
| Revenue (annual) | ₹914.25 Cr |
| Net profit (annual) | ₹60.18 Cr |
| Revenue (latest quarter) | ₹317.56 Cr+12.32% vs previous quarter |
| Net profit (latest quarter) | ₹24.26 Cr+863.64% vs previous quarter |
| P/E (TTM) | 122.68×Sector 32.44× |
| Promoter holding | 0%0.00% QoQ |
| FII holding | 64.19%Current quarter |
Reference market data from a third-party provider, as of the story. Not a valuation or a recommendation.
Exchange filing by Le Travenues Technology Limited announcing the launch of its AI-native app and TARA multimodal assistant. Market figures from a third-party data provider.
