Adani Group To Acquire Railway Ticketing Startup Trainman
Adani Digital Labs Private Limited, a subsidiary of Adani Enterprises, has announced its plans to buy a 100% stake in Stark Enterprises Private Limited (SEPL), popularly known as Trainman, an online train booking and information platform, for an undisclosed amount.
As per the firm, it has signed a share purchase agreement concerning its proposed acquisition of a 100% stake in SEPL, also known as Trainman.
Trainman | Train Ticket Booking Platform
Founded by Vineet Gupta and Sachin Saxena, Trainman is an all-in-one train ticket booking platform that provides a one-stop solution for booking train tickets online, checking PNR status, and predicting 94% accuracy of Ticket confirmation status before booking on waitlisted tickets.
The Gurugram-based startup also provides real-time updates on seat availability, running status, timetable, coach position, fare calculator, etc.
Trainman claims to have successfully raked in over Rs 100 crore in annual ticket sales with over 2.5 crore visits. Backed by California-based consumer tech investor Goodwater Capital and Mumbai-based Hem angels, Trainman had also raised a seed round from Vijay Aggarwal, Chief Technology Officer of BharatPe, Vishal Kanodia, Director of Kanodia Cement Ltd, and Nitin Gupta, Chief Executive Officer of Mall 91, among others.
As per statements, Adani Digital, headed by former Airtel vice president Rajan Bansal, will create an omnichannel, an integrated platform that will enable customers to interact with all B2C (business-to-consumer) businesses of Adani Group.
This acquisition deal is the second investment deal in the travel booking and information segment by the conglomerate. In October 2021, Adani Enterprises bought a minority stake in Flipkart’s Cleartrip Private Limited, an online travel aggregator. The same year, Adani Enterprises also signed former Indigo vice president Nitin Sethi as the company’s Chief Digital Officer.
Recently, VLCC, a beauty and skincare brand, acquired Happily Unmarried Marketing Private Ltd, which owns the men’s grooming brand Ustraa. Also, genetic diagnostics firm MedGenome acquired Prognosis Laboratories.
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