ixigo Group reaches INR 18,690 Cr GBV in FY26, strengthening market share across rail, air, & bus verticals
ixigo
According to VIDEC, the group’s share of India’s OTA rail market increased to 63.5%, OTA air market rose to 8.3%, OTA intercity bus segment increased to 15.1% in FY26.
ixigo Group has strengthened its position as India’s second-largest online travel agency (OTA) by gross booking value (GBV), with an 11% share of the Indian OTA market in FY26, according to VIDEC’s India Travel Market Opportunity Study, FY23–FY28. The study pegs the group’s GBV at INR 18,690 crore in FY26, up from INR 14,970 crore in FY25 (~25% YoY growth), with its overall OTA market share increasing from 9.9% to 11%.
The findings highlight ixigo Group’s continued leadership in OTA rail bookings, growing presence in air travel and strong position in intercity bus bookings.
According to VIDEC, the group’s share of India’s OTA rail market increased to 63.5% in FY26 from 60.4% in FY25. The group’s rail GBV rose to INR 8,280 crore from INR 7,410 crore over the same period, reinforcing its position as the largest player in the segment through ixigo Trains and ConfirmTkt.
As per ixigo’s recently disclosed Q2 numbers, its market share among OTAs in train bookings has further grown to 64% as of September 2026. These market shares relate specifically to the OTA/B2C rail booking segment, which forms part of the broader Indian rail market. The study reinforces ixigo as the fastest-growing air OTA for the second consecutive year.
Its share of the OTA air market rose to 8.3% from 6.7% in FY25. Its air GBV increased to INR 7,510 crore from INR 5,650 crore during this period.
AbhiBus (ixigo Group’s bus business) retained its position as the second-largest player in India’s OTA intercity bus segment. As per the study, the group’s market share increased to 15.1% in FY26 from 13.8% in FY25, while its bus GBV rose to INR2,620 crore from INR1,800 crore (45% YoY growth)
The report highlights the role of OTAs in aggregating fragmented bus supply and digitising small and mid-sized private operators, and it expects the online bus booking market to grow at 26%+ over the next two years.
According to VIDEC, India’s OTA market reached INR1,70,300 crore in FY26, up from INR1,51,400 crore in FY25, a growth of 12.4%, providing a growing opportunity for digital travel platforms.
The study also points to significant potential in lodging, comprising hotels and alternative accommodation. India’s online lodging market is projected to reach INR81,000 crore by FY28, representing a 23.6% CAGR in rupee terms over FY23–FY28. This expanding market provides a broader industry backdrop to ixigo’s presence in hotel bookings.
Rajnish Kumar, Co-Founder & Group Co-CEO, ixigo & Aloke Bajpai, Co-Founder & Group CEO, ixigo, said, “Our growing presence across hotels, rail, air and bus travel reflects the trust travellers place in ixigo Group. We have built deep relationships with users through the ixigo, ConfirmTkt and AbhiBus brands, and our journey in hotels has just gotten started. Our focus remains on leveraging technology and AI to build the best peace of mind apps for travellers.”
Virendra Jain, Co-founder and CEO, VIDEC, said, “India’s OTA market reached INR 1.7 lakh crore in FY26, reflecting the growing role of digital platforms in how travellers discover and book travel. ixigo Group’s performance demonstrates its ability to leverage product, technology and a peace-of-mind product stack to leapfrog growth across the segments it operates in. It continues to dominate the rail OTA market, has expanded its share in the intercity bus OTA market and has become India’s fastest-growing air OTA. Its ability to grow the air, bus travel & hotels business stands out, while its hotel business offers it further room for growth & diversification.”
