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]
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.[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
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
- Ixigo profit more than doubled in FY24 at Rs 73 crore, income up 28% Moneycontrol, 4 July 2024, retrieved 5 July 2024^
- Saurabh Kumar. Building a meta-search engine for travel needs 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^
- Biswarup Gooptu. 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^
- Akash Podishetti. 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^