Fundz

Ixigo's parent firm sold equities worth Rs 176 crore in a pre-IPO round

Jun 07, 2024

Amount Raised

₹1.76 Billion

Round Type

Pre-Seed

GurgaonLeisureTravelTourism

Investors

Steadview Capital MauritiusBay Capital HoldingsTata Digital India FundTata Multi Asset Opportunities FundAshoka India Equity Investment Trust Plc

Description

Le Travenues Technology Ltd, the parent company of Ixigo, announced that existing shareholders have completed the sale of equities worth a little over Rs 176 crore in a pre-IPO round. The transaction was pegged at Rs 176.2 crore at the upper end of the price band for the company's Rs 740-crore IPO.

Quick answer

Ixigo raised ₹1.76 Billion in a Pre-Seed round, dated June 7, 2024. Investors: Steadview Capital Mauritius, Bay Capital Holdings, Tata Digital India Fund, Tata Multi Asset Opportunities Fund and Ashoka India Equity Investment Trust Plc. Ixigo is based in Gurgaon, Haryana, India.

How much did Ixigo raise?
Ixigo raised ₹1.76 Billion in a Pre-Seed round on June 7, 2024.
Who invested in Ixigo?
Steadview Capital Mauritius, Bay Capital Holdings, Tata Digital India Fund, Tata Multi Asset Opportunities Fund and Ashoka India Equity Investment Trust Plc are named as investors in this round.
What does Ixigo do?
Le Travenues Technology Ltd, the company behind Ixigo, is a leading online travel aggregator in India.
Where is Ixigo based and how big is it?
Ixigo is based in Gurgaon, Haryana, India. Fundz records about 397 employees.
Who are the decision-makers at Ixigo?
Fundz holds 1 contact at Ixigo, including the Group Co-CEO. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Leisure and Travel around the same time

Companies in the same sectors as Ixigo that raised within 45 days of this round, from Fundz verified event records.

  • Byway raised $6.4M (Series A) on July 9, 2024.
  • Directo raised $1M (Seed) on June 27, 2024.
  • Heidi raised $7.3M (Funding Round) on June 27, 2024.
  • Former LOGE Hotel raised $7M on July 19, 2024.
  • Essentialist raised $10M (Series A) on July 15, 2024.
  • Seaplane Asia raised $80M (Funding Round) on June 10, 2024.

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Company Information

Company

Ixigo

Location

Gurgaon, Haryana, India

About

Le Travenues Technology Ltd, the company behind Ixigo, is a leading online travel aggregator in India. Founded in 2007 by Aloke Bajpai and Rajnish Kumar, the platform helps travelers plan, book, and manage trips across rail, air, buses, and hotels. With a total income of Rs 517 crore in the financial year ended March 2023, the company has seen significant growth and turned profitable with a profit of Rs 23.4 crore in the same period.

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Related People

1 contact
Verified contactsRajnish, Group Co-CEO hiddenSee plans and pricing
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