Ixigo

ixigo

ixigo

Indian online travel company

ixigo (pronounced "ik-si-go") is an Indian online travel portal headquartered in Gurugram, India. 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.[3]

Quick Facts Founded, Headquarters ...

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.[4][5] In 2008, it introduced a hotel search engine on its website.[6]

In early 2014 ixigo launched its train ticket booking app.[7]

In February 2021, ixigo acquired the train discovery and ticketing platform Confirmtkt in a cash and stock deal.[8] In August 2021, ixigo acquired the bus ticket booking and fleet management portal AbhiBus in a cash and stock deal.[9]

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.[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

  1. [1]
    Manchanda, Kunal; Upadhyay, Harsh (14 November 2023). "Ixigo posts Rs 501 Cr revenue and Rs 23 Cr profit in FY23". Entrackr. Retrieved 9 January 2024.
  2. [2]
    "ixigo Launches ixigo Assured - Offers Full Refund on All Domestic Flight Bookings starting just Rs.399". Outlook India. Retrieved 28 November 2021.
  3. [3]
    Kumar, Saurabh (27 October 2015). "Building a meta-search engine for travel needs". Livemint. Retrieved 10 July 2020.
  4. [4]
    "Ixigo takes aim at MakeMyTrip with ₹1,600-crore IPO". Mint. 24 August 2021. Retrieved 25 August 2021.
  5. [5]
    "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.
  6. [6]
    "iXiGO launches hotel search engine". exchange4media. Retrieved 25 August 2021.
  7. [7]
    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.
  8. [8]
    "Ixigo buys train booking firm Confirmtkt to boost presence in small towns". The Economic Times. Retrieved 25 August 2021.
  9. [9]
    "Ixigo acquires AbhiBus as pandemic continues to churn travel industry". The Economic Times. Retrieved 25 August 2021.
  10. [10]
    "Micromax invests in mobile travel search engine ixigo". @businessline. Retrieved 3 July 2018.
  11. [11]
    "Sequoia, Fosun invest $15 mn in travel marketplace ixigo". VCCircle. 22 March 2017. Retrieved 27 August 2021.
  12. [12]
    "Ixigo raises $53 million led by Singapore's sovereign wealth fund GIC". The Economic Times. Retrieved 27 August 2021.
  13. [13]
    "Travel platform ixigo files for Rs 1,600-crore IPO". The Economic Times. Retrieved 28 November 2021.
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