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TravelTech

ixigo’s Q3 Profit Declines 49% YoY To INR 15.54 Cr


SUMMARY

On a quarter on quarter basis, ixigo’s net profit jumped 19% from INR 13.09 Cr

ixigo’s revenue from operations zoomed 42% to INR 241.76 Cr during the quarter under review from INR 170.55 Cr in Q3 FY24

Including an other income of INR 5.23 Cr, total revenue for the quarter went up 41% YoY to INR 246.99 Cr

Online travel aggregator (OTA) company ixigo’s consolidated net profit slumped 49% to INR 15.54 Cr in the third quarter of the financial year 2024-25 (Q3 FY25) from INR 30.65 Cr in the year-ago quarter, largely…



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by Team SNFYI

Travelling can be an exciting adventure, but it also carries inherent risks of flight delays, lost luggage, medical emergencies, and more. Having comprehensive travel insurance is essential to protect yourself financially in the event that something goes wrong. However, not all policies are created equal, and purchasing a policy is not enough.  By understanding your specific travel needs, comparing plans thoughtfully, reading the fine print, and using strategic tips during your trip, you can optimise your coverage and avoid critical mistakes that leave you vulnerable. This guide provides key advice for maximising the value of your travel insurance purchase. Tips to Follow for Maximising Value from Travel Insurance 1. Understand Your Travel Needs First The first step is outlining your trip details and identifying potential risks to account for in your policy. Important factors include: With an understanding of your unique needs, you can compare plans accordingly. 2. Choose the Right Policy  While the premium policies with enhanced coverage are expensive to insure, they do pay when there are bigger stakes. Check and compare the inclusion of trip cancellation, lost baggage compensation limits, emergency medical transport, 24/7 travel assistance services, and pandemic coverage. Anything for the adventure includes equipment coverage, rental car collision damage, and high-risk activity coverage. Moreover, if you’re looking for the right option, you should consider checking on acko.com. 3. Read and Know Your Policy Details  Don’t make the mistake of purchasing a policy without reading the fine print. Know the exclusions, pre-approval for medical claims, qualifying reasons for cancel-for-any-reason claims etc. Call your provider for clarification if needed. 4. Optimise Coverage During Your Trip Once out of your house, take measures that prevent occurrences that can cause a claim. Carry online backup of important documents and itineraries so that they can be accessed from any part of the world if lost. Hotels usually offer safety deposit boxes, and protective cases should be used.  There are many anti-theft gadgets available that carry your valuables safely. Thus, always pick agents who provide licensed transportation and avoid risky behaviour. The little efforts ensure safety and alleviate some inconveniences. 5. Leverage Additional Benefits  Look into the full spectrum of assistance services offered alongside your core coverage, like travel insurance coverage helps in booking hotels or flights if plans are disrupted, referrals to trusted medical care providers in the local area, and more. Depending on your provider, you may also have access to perks like discounted rates on rentals or travel products. Avoid Common Pitfalls Mentioned below are the main tips to follow to avoid common pitfalls: Don’t Overlook Exclusions Every policy has general exclusions, so don’t assume you’ll be covered for everything. For example, extreme sports, pre-existing medical conditions, mental health claims, and “high risk” destinations may be excluded. There are also scenarios like drunk driving accidents, illegal behaviour while travelling, pandemics, and civil unrest that could invalidate claims, so read carefully. Don’t Delay Purchasing Insurance  It’s tempting to put off buying a policy until the last minute before your …

by INC42

SUMMARY OYO also said its chief growth officer Kavikrut is transitioning from his role and taking over as the CEO of Telangana’s incubator programme T-Hub Previously, Sinha held the role of a country head for US and chief operating officer at OYO International The development comes at a time when OYO expects G6 Hospitality to contribute an EBITDA of INR 630 Cr in FY26 Amid the growing buzz around its much-awaited initial public offering (IPO), travel tech major OYO has appointed Sonal Sinha as the chief executive officer… Source link

by INC42

SUMMARY Aggarwal has now pledged about 2.43% shares of Ola Electric, or 8.09% of his shareholding in the company to raise capital for Krutrim The Ola Electric CEO had signed non-disposal undertakings for the additional shares in relation to debentures issued by Krutrim on February 21 and February 24 As per Ola Electric’s share price of INR 56.40 today, the pledged shares are valued at INR 604.44 Cr Months after Ola Electric founder and CEO Bhavish Aggarwal pledged the company’s shares to raise debt for Krutrim, he has… Source link