Brands
Ixigo flips the script on April Fools’ with a sky-high refund surprise
MUMBAI: April Fools’ Day just got upgraded from pranks to plane tickets. While brands scrambled to pull legs, ixigo pulled wallets—but in the best way possible. The travel platform turned its cheeky April Full Refund Sale into a straight-up jackpot for 100 lucky flyers. Yes, you read that right.
Free.
Flights.
On 1 April 2025, between 11 a.m. and 9 p.m., ixigo dropped a deal that had the internet scratching its head. Was it a scam? A spoof? A sly social stunt? Nope. It was as real as the 100 per cent flight refunds it dished out. Every hour, 10 travellers who booked domestic or international flights on the app were randomly chosen to get their full ticket value back as ixigo money. The reward? Fully redeemable within 90 days.
The buzz began on 31 March with a loony little teaser starring ixigo co-founders Aloke Bajpai and Rajnish Kumar in comically outlandish avatars. The video leaned into the absurd, but the payoff was dead serious: a campaign that blended chaos with cashback.
Winners were revealed via hourly Instagram Reels, building suspense and fuelling travel envy across social feeds. Some folks nearly cried at the generosity. Others just booked another trip.
Take Zubair, who flew from Bangalore to Singapore and bagged a Rs 39,950 refund. Or Jitendra, who got Rs 13,622 back for flying from Muscat to Ayodhya. Aishwarya’s refund for Mumbai to Kolkata? A neat Rs 8,325. One traveller even scored Rs 18,483 back for a Dubai-Mumbai flight. Not too shabby for a ‘joke’.
“What started as an April Fool’s prank turned into a real treat for travel lovers – proving that sometimes, the joke can be on scepticism!” said the campaign team. This year, ixigo didn’t just flirt with fun—it made 1 April an actual day of reward, pushing the envelope for interactive and meaningful marketing.
If this is what fooling looks like, more brands should take notes. Or better yet, take off.
Brands
Ujjwal Jain steps down from PhonePe’s Share.Market to start new chapter
Founder behind WealthDesk and OpenQ exits after decade-long fintech journey
BENGALURU: Ujjwal Jain, the entrepreneur behind platforms such as WealthDesk and OpenQ, has stepped down from his role as chief executive of Share.Market, the investing platform backed by PhonePe, marking the end of a decade-long journey in India’s capital markets space.
In a reflective note, Jain described his journey from launching WealthDesk in 2016 to building a broader ecosystem that eventually became part of PhonePe. Over the years, his ventures focused on bringing data-driven investing tools and model portfolios closer to retail investors, a space that has seen rapid evolution alongside the rise of discount broking.
WealthDesk introduced curated “WealthBaskets” to simplify portfolio investing, while OpenQ expanded access to quantitative research and analytics. Both platforms were later acquired by PhonePe, forming the backbone of Share.Market, which Jain helped scale as a mass-market investing product.
Calling the experience “brutal” yet deeply fulfilling, Jain credited colleagues, investors and industry partners for shaping the journey, highlighting the role of the PhonePe team in building Share.Market into a large-scale platform.
His exit comes at a time when artificial intelligence is beginning to reshape financial services globally. Jain indicated that his next move will focus on this shift, hinting at a renewed push into the intersection of AI and capital markets.
Prior to his entrepreneurial stint, Jain worked with MSCI Inc. on index products and technology, and with D. E. Shaw India Financial Services in algorithmic trading and high-frequency systems.
While he has not disclosed specifics of his next venture, Jain framed the move not as a departure but a reset, signalling that his next chapter will aim to tackle even larger challenges in India’s evolving investment landscape.
With one chapter closed and another underway, the focus now shifts to what Jain builds next in an increasingly AI-first financial world.
