ixigo

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ixigo
ixigo logo
Founded2007; 14 years ago (2007)
Headquarters
Gurgaon, Haryana
,
India
OwnerLe Travenues Technology Ltd
Founder(s)Aloke Bajpai
Rajnish Kumar
Key peopleAloke Bajpai (CEO)
Rajnish Kumar (CTO)
IndustryOnline travel agency
SubsidiariesAbhiBus, Confirmtkt
URLwww.ixigo.com
Users170 million[1]

ixigo (pronounced "ik-si-go") is an Indian AI-based 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.[2]

History[]

ixigo (Le Travenues Technology Pvt. Ltd.) was started by Rajnish Kumar and Aloke Bajpai in June 2007, with the launch of their flights meta-search website.[3] In 2008, it introduced a hotel search engine on its website.[4]

In early 2014 ixigo launched trains app.[5]

In February 2021, ixigo acquired the train discovery and ticketing platform Confirmtkt in a cash and stock deal.[6] In August 2021, ixigo acquired the bus ticket booking and fleet management portal AbhiBus in a cash and stock deal.[7]

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.[8] 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.[9] In July 2021, it raised US$53 million in its pre-IPO round led by GIC and other investors.[10]

References[]

  1. ^ https://www.outlookindia.com/newsscroll/ixigo-launches-ixigo-assured--offers-full-refund-on-all-domestic-flight-bookings-starting-just-rs399/1843694
  2. ^ Kumar, Saurabh (27 October 2015). "Building a meta-search engine for travel needs". Livemint. Retrieved 10 July 2020.
  3. ^ "Ixigo takes aim at MakeMyTrip with ₹1,600-crore IPO". Mint. 24 August 2021. Retrieved 25 August 2021.
  4. ^ "iXiGO launches hotel search engine". exchange4media. Retrieved 25 August 2021.
  5. ^ 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.
  6. ^ "Ixigo buys train booking firm Confirmtkt to boost presence in small towns". The Economic Times. Retrieved 25 August 2021.
  7. ^ "Ixigo acquires AbhiBus as pandemic continues to churn travel industry". The Economic Times. Retrieved 25 August 2021.
  8. ^ "Micromax invests in mobile travel search engine ixigo". @businessline. Retrieved 3 July 2018.
  9. ^ "Sequoia, Fosun invest $15 mn in travel marketplace ixigo". VCCircle. 22 March 2017. Retrieved 27 August 2021.
  10. ^ "Ixigo raises $53 million led by Singapore's sovereign wealth fund GIC". The Economic Times. Retrieved 27 August 2021.
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