Online travel aggregator ixigo is set to raise its shareholding in train food delivery startup Zoop Web Services by 11%, through a secondary transaction valued at ₹3.25 crore.
As disclosed in a regulatory filing, ixigo will acquire 1,717 shares from Zoop’s co-founders, Puneet Sharma and Manoj Kumar Singh. The transaction is expected to be completed by September 30.
ixigo initially acquired a 51% majority stake in Zoop in October 2024. At that time, the company had stated that it held the option to acquire the remaining equity, contingent on the fulfillment of certain conditions.
Founded in 2014, Zoop is a food delivery platform authorized by IRCTC, operating across 192 railway stations and collaborating with around 400 restaurants. Following the initial acquisition, ixigo integrated Zoop’s services under its ‘Food on Train’ initiative.
According to the recent filing, Zoop reported revenue of ₹10.90 crore in FY25, reflecting a 42% increase compared to ₹7.66 crore in FY24.
The development coincided with ixigo’s Q1 FY26 earnings announcement, where the company reported a consolidated net profit of ₹18.9 crore—up 27% from ₹14.9 crore during the same period last year—driven by strong revenue growth.
