Shares of Le Travenues Technology Ltd (ixigo) slipped more than 6% on Monday, trading at ₹289.80, even after the company announced a strategic collaboration with Delhi Metro Rail Corporation (DMRC) and the Open Network for Digital Commerce (ONDC).
On Friday, ixigo said its Trains app will now allow passengers to book QR-based Delhi Metro tickets with in-app payments. The move aims to simplify urban travel by reducing wait times and providing a seamless, end-to-end travel experience.
Dinesh Kumar Kotha, CEO of ixigo Trains & Confirmtkt, said the integration will help commuters save time and avoid long queues. DMRC MD Vikas Kumar added that the collaboration enhances passenger convenience and boosts digital ticket adoption. Vibhor Jain, Acting CEO & COO of ONDC, highlighted that ixigo’s participation supports the creation of a unified digital mobility network across India.
Despite the positive development, investor sentiment did not translate into stock gains, with ixigo among the top losers in Monday’s session.
