🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥
Login

News on Medial

Related News

Ixigo grants over 2 lakh ESOPs worth Rs 3.78 Cr

EntrackrEntrackr · 6m ago
Ixigo grants over 2 lakh ESOPs worth Rs 3.78 Cr
Medial

Ixigo grants over 2 lakh ESOPs worth Rs 3.78 Cr Le Travenues Technology Limited, the parent company of travel tech platform Ixigo, has granted 211,912 stock options under its ESOP schemes of ESOS 2013, 2020, 2021, and 2024. The options have been issued at an exercise price of Rs 93 per share and will vest over four years in equal annual tranches. At the current market price of Rs 178.6 per share, the total value of the grant stands at approximately Rs 3.78 crore, implying a per-option value gain of Rs 85.6 for eligible employees. Ixigo reported a 72% growth in scale in the last quarter of FY25, reporting a revenue of Rs 284 crore in Q4 FY25. Meanwhile, its year-on-year (YoY) profits increased by 2.4X to Rs 17 crore during the same period. Recently, Elevation Capital also offloaded 75.48 lakh shares of Ixigo at an average price of Rs 179.25 apiece. At the same time, global investor Schroder Fund made its entry into Ixigo by acquiring 53.68 lakh shares worth Rs 96.8 crore. At the close of trading on Wednesday (July 16), Ixigo’s shares were priced at Rs 179.8, giving the company a market capitalization of Rs 7,017 crore (approximately $820 million).

Ixigo takes on MMT with trip guarantee feature for train travelers

EntrackrEntrackr · 1y ago
Ixigo takes on MMT with trip guarantee feature for train travelers
Medial

Full-stack online travel aggregator (OTA) Ixigo has launched a travel guarantee feature for train travelers, positioning itself as a direct competitor to its arch-rival, MakeMyTrip. The Gurugram-based company claims that its new feature provides a 3X refund (1X ticket refund and 2X wallet refund) if a traveler’s waitlisted PNR fails to confirm. This feature also allows passengers to explore and book alternative last-minute travel options, with the added benefit of higher monetary compensation for unconfirmed train tickets. According to Ixigo, this initiative aims to tackle the challenges of long waitlists during peak travel periods while protecting passengers from last-minute fare hikes. 'This not only provides greater financial value but also empowers travelers to rebook their journey through alternate travel options without having to worry about last-minute fare hikes. With this initiative, we aim to make train travel more reliable, convenient, and worry-free for everyone,' said Dinesh Kumar Kotha, CEO of Ixigo Trains in a stock exchange filing. MakeMyTrip introduced a similar feature in 2021, offering 3X refunds under the scheme. The new feature is expected to resonate well with Ixigo users, as the company dominates the train-booking space, generating 53% (Rs 110 crore) of its revenue from train bookings last quarter. Ixigo reported total revenue of Rs 206 crore and a PAT of Rs 13 crore in Q2 FY25. In comparison, India's largest OTA, MakeMyTrip, reported Rs 1,772 crore in revenue for Q2 FY25 but did not provide a detailed income breakdown for train bookings.

Ixigo posts Rs 317 Cr revenue in Q3 FY26; profit grows 55%

EntrackrEntrackr · 15d ago
Ixigo posts Rs 317 Cr revenue in Q3 FY26; profit grows 55%
Medial

Ixigo posts Rs 317 Cr revenue in Q3 FY26; profit grows 55% Online travel aggregator (OTA) Ixigo released its financial results for the third quarter of the ongoing fiscal year (Q3 FY26) on Thursday. The company reported a 31% growth in scale, while the company also increased its profit during the same period. Ixigo’s revenue from operations increased to Rs 317.6 crore in Q3 FY26 in contrast to Rs 242 crore in Q3 FY25, as per the firm’s unaudited financial results sourced from the National Stock Exchange (NSE). The Gurugram-based company generated the largest share (42%) of its operating revenue from train ticketing, which rose to Rs 134 crore in Q3 FY26 from Rs 120 crore in Q3 FY25. Flight and bus booking services contributed 32% and 24% to the company’s revenue, respectively. Besides operating revenue, the firm also earned Rs 16.5 crore via interest and gains from financial assets during the quarter which took its total income to Rs 334 crore in the quarter ending December 2025. Ixigo has not provided a detailed breakdown of expenses in its quarterly financial statements. However, employee benefits expenses rose by 15% YoY to Rs 45 crore. Overall, the company's total costs grew 32% to Rs 296 crore in Q3 FY26 compared to Rs 224 crore in Q3 FY25. Ixigo increased its profit by 55% to Rs 24 crore in Q3 FY26, as compared to a profit of Rs 15.5 crore in Q3 FY25. The company also approved the grant of 98,944 stock options under its ESOP scheme (2013, 2016, 2021). The ESOP is valued at around Rs 2.3 crore according to the company’s share price. The company’s competitor MakeMyTrip posted $295 million revenue in Q3 FY26 with its loss falling by 74% to $7 million in the period. At the close of trading on Thursday (Jan 22), Ixigo’s shares were priced at Rs 235, giving the online travel aggregator a market capitalization of Rs 10,320 crore (approximately $1.1 billion).

Elevation Capital trims Ixigo stake, clocks 25X return

EntrackrEntrackr · 8m ago
Elevation Capital trims Ixigo stake, clocks 25X return
Medial

Elevation Capital trims Ixigo stake, clocks 25X return Elevation Capital (formerly SAIF Partners) has offloaded 21.5 lakh shares in Le Travenues Technology Ltd, the parent company of travel tech firm Ixigo, for Rs 38.27 crore (around $4.5 million). The partial exit marks a nearly 25X return on its investment. According to a disclosure on the Bombay Stock Exchange (BSE), SAIF Partners sold 21.5 lakh equity shares at Rs 178 each through block deals. This marks Elevation’s third partial exit from Ixigo. The VC firm had earlier sold shares worth Rs 100 crore ($12 million) in a pre-IPO secondary transaction, followed by a Rs 180 crore ($21 million) sell-off during the IPO via the offer-for-sale (OFS) route, together delivering estimated returns of 13X. As of March 31, 2025, Elevation held around 14.2% in Ixigo, down sharply from 23.4% in February 2024. The sell-off comes at a time when Ixigo reported a 72% year-on-year jump in revenue to Rs 284 crore in Q4 FY25, while its profit rose 2.4X to Rs 17 crore. For the full fiscal year (FY25), the company posted Rs 914 crore in revenue. At the close of today’s trading session (Tuesday, May 19), Ixigo’s shares were priced at Rs 174.6 each, with a total market capitalization of Rs 6,811 crore (approximately $800 million).

Download the medial app to read full posts, comements and news.