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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.[1]
History
ixigo (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.[2][3] In 2008, it introduced a hotel search engine on its website.[4]
In early 2014 ixigo launched its train ticket booking app.[5]
In February 2021, ixigo acquired the train discovery and ticketing platform Confirmtkt in a cash and stock deal.[6] In August 2021, ixigo acquired the bus ticket booking and fleet management portal AbhiBus in a cash and stock deal.[7]
The company went public in June 2024, listing on NSE and BSE.[8]
Funding
In 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.[9] 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.[10]
In July 2021, it raised Template:USD53 million in its pre-IPO round led by GIC with participation from investors including Orios Venture Partners, Trifecta Capital, Info Edge Ventures, among others.[11][12]
References
- ↑ Building a meta-search engine for travel needs, Kumar, Saurabh. Livemint(2015-10-27). Retrieved 2020-07-10.
- ↑ 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.
- ↑ Travel meta-search company Ixigo's next bet is on rail ticket sales. The Economic Times(10 September 2018). 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.
- ↑ Ixigo shares debut at 48.5% premium over issue price. The Economic Times(18 June 2024). Retrieved 19 June 2024.
- ↑ Micromax invests in mobile travel search engine ixigo. @businessline. Retrieved 2018-07-03.
- ↑ 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 2021-11-28.