ixigo
ixigo logo
FoundedJune 2007 (2007-06)
Headquarters
Gurgaon, Haryana
,
India
OwnerLe Travenues Technology Ltd
Founder(s)Aloke Bajpai
Rajnish Kumar
Key peopleAloke Bajpai (CEO)
Rajnish Kumar (CTO)
IndustryOnline travel agency
RevenueIncrease ₹501 crore (US$63 million) (FY23)[1]
Net incomeIncrease ₹23 crore (US$2.9 million) (FY23)[1]
Subsidiaries
  • AbhiBus
  • Confirmtkt
URLwww.ixigo.com
Users170 million[2]
Current statusActive

ixigo (pronounced "ik-si-go") is an Indian online travel portal, launched in 2007. Headquartered in Gurgaon, ixigo aggregates and compares real-time travel information, prices and availability for flights, trains, buses, and hotels, and allows ticket booking through its associate websites and apps.[3]

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