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

Startup Showcase

Premium Content

Try our Valuation Calculator →

News on Medial

ixigo DRHP: A Look At The Online Travel Aggregator’s Top Guns And Shareholding Pattern

Inc42 · 1y ago

ixigo DRHP: A Look At The Online Travel Aggregator’s Top Guns And Shareholding Pattern

Le Travenues Technology, the parent company of travel tech major ixigo, has refiled its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for its potential initial public offering (IPO). The IPO will consist of a fresh issue of shares valued at INR 120 Cr and an offer for sale (OFS) component of 6.66 Cr equity shares. The DRHP also reveals the shareholding pattern of ixigo, with Elevation Capital being the largest shareholder. The company plans to use the proceeds from the IPO for working capital requirements and investments in technology and infrastructure enhancements.

Related News

Ixigo IPO: A look at the online travel aggregator’s listed rivals

Economic Times

Economic Times · 1y ago

Ixigo IPO: A look at the online travel aggregator’s listed rivals

Ixigo, the online travel company, made its stock market debut with a 45% premium over its issue price. The IPO of Le Travenues Technology, which operates Ixigo, was oversubscribed 98 times, showcasing strong demand. Other players in the travel sector, like Makemytrip, Yatra, and Easemytrip, have also seen varying performances. Makemytrip recorded record profit and gross bookings, Yatra reported a loss, and Easemytrip posted an increase in revenue and profit. The online travel aggregator industry faced challenges during the Covid-19 pandemic but quickly recovered as the demand for travel increased.

Decoding the financial performance of India's top OTA players

Entrackr

Entrackr · 1y ago

Decoding the financial performance of India's top OTA players

India's top online travel agency (OTA) players, including MakeMyTrip, Ixigo, EaseMyTrip, and Yatra Online, have reported significant growth and profitability in the last financial year. MakeMyTrip led the pack with a 95% increase in operating revenue, making the majority of its revenue from hotels and packages. Ixigo also saw growth and turned profitable, while EaseMyTrip achieved impressive growth and profitability mainly through air ticketing. Yatra Online also witnessed growth and profitability, generating revenue from air ticketing, hotels and packages, and advertising. However, Cleartrip experienced a decline in scale and increased losses. The market remains attractive for these players due to the expanding middle class and rising overseas travel.

New-Age Tech Stocks Continue Their Bull Run; MapmyIndia Biggest Gainer This Week

Inc42 · 1y ago

New-Age Tech Stocks Continue Their Bull Run; MapmyIndia Biggest Gainer This Week

Fifteen out of the 23 new-age tech stocks covered by Inc42 saw gains this week, with MapmyIndia being the top gainer. DroneAcharya Aerial Innovations was the biggest loser. In other news, online travel aggregator ixigo went public and experienced a 25% increase in its stock in four sessions.

ixigo Refiles DRHP For IPO, Slashes Fresh Issue Size To INR 120 Cr

Inc42 · 1y ago

ixigo Refiles DRHP For IPO, Slashes Fresh Issue Size To INR 120 Cr

Online travel aggregator ixigo has refiled its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for its initial public offering (IPO). The IPO will consist of a fresh issue of INR 120 crore and an offer for sale (OFS) component of 6.66 crore equity shares. The funds raised will be used for working capital requirements, tech stack enhancement, and inorganic growth through acquisitions. The company had previously shelved its IPO plans due to unfavorable market conditions.

Elevation Again Dumps ixigo Shares In INR 97 Cr Block Deal

Inc42 · 1m ago

Elevation Again Dumps ixigo Shares In INR 97 Cr Block Deal

Elevation Capital, previously SAIF Partners India, sold over 53.98 lakh shares of online travel aggregator ixigo in a block deal valued at INR 97.44 crore. The shares were sold via Saif Partners India IV Limited at INR 180.50 each, slightly below ixigo’s last closing price of INR 180.65 on the BSE. Schroder International Selection Fund purchased 53.69 lakh of these shares for INR 96.9 crore. Last month, Elevation Capital sold 21.5 lakh ixigo shares for INR 38.27 crore.

ixigo Posts INR 68 Cr PAT In Nine Months Of FY24, Nearly 3X Of FY23 Profit

Inc42 · 1y ago

ixigo Posts INR 68 Cr PAT In Nine Months Of FY24, Nearly 3X Of FY23 Profit

IPO-bound travel aggregator ixigo's parent company, Le Travenues Technology, has reported a profit of INR 65.7 Cr in the first nine months of the financial year 2023-24 (FY24), nearly triple the INR 23.3 Cr profit from the previous year. In the same period, ixigo recorded an operating revenue of INR 491 Cr. The company primarily generates revenue from convenience fees on ticket reservations and advertising services. ixigo recently refiled its draft red herring prospectus (DRHP) with SEBI, intending to raise INR 120 Cr through a fresh issue for its IPO.

ixigo FY24: Profit Jumps Over 200% To INR 73.1 Cr, Train Bookings Biggest Revenue Source

Inc42 · 1y ago

ixigo FY24: Profit Jumps Over 200% To INR 73.1 Cr, Train Bookings Biggest Revenue Source

ixigo, an online travel platform in India, reported a 31% increase in operating revenue in the fiscal year, reaching INR 655.9 Cr. The train ticketing segment played a significant role in this growth, contributing INR 370.1 Cr, a 24% YoY increase. In the fourth quarter of FY24, ixigo achieved a net profit of INR 7.4 Cr with a revenue of INR 164.8 Cr.

Ixigo IPO: Retail portion oversubscribed within hours of launch

Economic Times

Economic Times · 1y ago

Ixigo IPO: Retail portion oversubscribed within hours of launch

Ixigo, the parent company of online travel platform Ixigo, has seen its initial public offering (IPO) oversubscribed by retail subscribers 2.22 times within hours of its launch. Retail investors bid for 17.6 million shares compared to the 7.9 million shares available. The non-institutional segment subscribed 0.47 times. The IPO includes a fresh equity issue of Rs 120 crore and an offer for sale of up to 66.6 million shares, with existing shareholders partially offloading their stakes. Ixigo offers services for booking train, flight, and bus tickets, along with utility tools and personalised recommendations.

Ixigo IPO may be another multibagger for Elevation Capital

The Arc Web

The Arc Web · 1y ago

Ixigo IPO may be another multibagger for Elevation Capital

Online travel aggregator Ixigo is set to launch its IPO with a target of raising Rs 740 crore ($89 million) primarily through a sale of shares by existing investors. The listing is expected to value Ixigo at Rs 3,600 crore ($430 million), a 20% increase from its previous valuation. The company aims to raise Rs 120 crore ($14 million) through a fresh issue of shares, while the remaining Rs 620 crore ($74 million) will come from the sale of shares by current backers. Elevation Capital, Peak XV Partners, and Micromax are among the existing investors selling their shares.

Ixigo takes on MMT with trip guarantee feature for train travelers

Entrackr

Entrackr · 7m ago

Ixigo takes on MMT with trip guarantee feature for train travelers

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.

Trackers

Active Indian VC’s

OG Capital Email

With a hands-on approach, OG Capital aims to invest in over 20 promising...

Accel Partners Email

Early and growth-stage investments in disruptive technology companies with...

Early-stage venture capital firm investing in technology startups in India. Focus on...

Access All Trackers

Startup Showcase Winners

June 2025

Helping your parents when you are miles away

The Pit Stop Your Cravings Deserve

The next generation E-commerce platform

Enter Ongoing Startup Showcase

Top Users

Trending News on Medial

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