Ixigo, a travel broker, will acquire a 51% stake in Zoop Web Services Private Limited, a train meal delivery service provider

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Zoop is an IRCTC-authorized e-catering partner that provides lunch options on trains throughout India

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Zoop operates 192 stations and works with 400 restaurants

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The acquisition, worth Rs 12.54 crore, involves main and secondary share acquisitions and includes a non-compete fee

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On October 24, 2024, Ixigo's board accepted the acquisition, which is likely to close by the end of the year, subject to certain conditions

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Ixigo will gain control of Zoop's operations as a subsidiary through a combination of primary and secondary share purchases

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The contract involves cash and electronic payments totalling Rs 12.54 crore

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Ixigo has the option to acquire the remaining 49% ownership in Zoop, allowing for future growth dependent on performance and market conditions

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With this acquisition, ixigo hopes to enhance its products in the train travel category, which has significant development potential

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Following Zoop's takeover, Ixigo introduced the "Food on Train" feature, allowing users to pre-order meals at various railway stops

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