ixigo (pronounced "ik-si-go") is an Indian online travel portal headquartered in Gurgaon. Launched in 2007, ixigo aggregates real-time travel information, prices and availability for flights, trains, buses, and hotels, and allows ticket booking through its associate websites and apps.[2]
 | |
Type of site | Public |
|---|---|
| Traded as | |
| Founded | June 2007 |
| Headquarters | , India |
| Owner | Le Travenues Technology Ltd |
| Founder(s) | Aloke Bajpai Rajnish Kumar |
| Key people | Aloke Bajpai (Chairman, MD & Group CEO) Rajnish Kumar (Director & Group Co-CEO) |
| Industry | Online travel agency |
| Revenue |  ₹655 crore (US$78 million) (FY24)[1] |
| Net income | ₹73 crore (US$8.7 million) (FY24)[1] |
| Subsidiaries |
|
| URL | ixigo.com |
History
editixigo (Le Travenues Technology, Pvt. Ltd.) was started by IITK alumni Rajnish Kumar and Aloke Bajpai in June 2007, with the launch of their flights metasearch website.[3][4] In 2008, it introduced a hotel search engine on its website.[5]
In early 2014 ixigo launched its train ticket booking app.[6]
In February 2021, ixigo acquired the train discovery and ticketing platform Confirmtkt in a cash and stock deal.[7] In August 2021, ixigo acquired the bus ticket booking and fleet management portal AbhiBus in a cash and stock deal.[8]
The company went public in June 2024, listing on NSE and BSE.[9]
Funding
editIn August 2011, ixigo received $18.5 million investment from SAIF Partners and MakeMyTrip. In June 2015, smartphone maker Micromax Informatics invested an undisclosed amount in ixigo.[10] In March 2017, ixigo closed a funding of $15 million in Series B round by venture capital firm Sequoia Capital India and Fosun RZ Capital.[11]
In July 2021, it raised US$53 million in its pre-IPO round led by GIC with participation from investors including Orios Venture Partners, Trifecta Capital, Info Edge Ventures, among others.[12][13]
References
edit- ^ a b "Ixigo profit more than doubled in FY24 at Rs 73 crore, income up 28%". Moneycontrol. 4 July 2024. Retrieved 5 July 2024.
- ^ Kumar, Saurabh (27 October 2015). "Building a meta-search engine for travel needs". Livemint. Retrieved 10 July 2020.
- ^ "Ixigo takes aim at MakeMyTrip with ₹1,600-crore IPO". Mint. 24 August 2021. Retrieved 25 August 2021.
- ^ "Meet ixigo's Aloke Bajpai And Rajnish Kumar: IIT Batchmates Flying Rs 500 Cr Travel Tech Biz". News18. 5 June 2023. Retrieved 14 September 2023.
- ^ "iXiGO launches hotel search engine". exchange4media. Retrieved 25 August 2021.
- ^ Gooptu, Biswarup (10 September 2018). "Travel meta-search company Ixigo's next bet is on rail ticket sales". The Economic Times. Retrieved 5 May 2020.
- ^ "Ixigo buys train booking firm Confirmtkt to boost presence in small towns". The Economic Times. Retrieved 25 August 2021.
- ^ "Ixigo acquires AbhiBus as pandemic continues to churn travel industry". The Economic Times. Retrieved 25 August 2021.
- ^ Podishetti, Akash (18 June 2024). "Ixigo shares debut at 48.5% premium over issue price". The Economic Times. Retrieved 19 June 2024.
- ^ "Micromax invests in mobile travel search engine ixigo". @businessline. Retrieved 3 July 2018.
- ^ "Sequoia, Fosun invest $15 mn in travel marketplace ixigo". VCCircle. 22 March 2017. Retrieved 27 August 2021.
- ^ "Ixigo raises $53 million led by Singapore's sovereign wealth fund GIC". The Economic Times. Retrieved 27 August 2021.
- ^ "Travel platform ixigo files for Rs 1,600-crore IPO". The Economic Times. Retrieved 28 November 2021.