Elevation Capital and SCI Investments are biggest shareholders in the company
MakeMyTrip exited ixigo, seeing an 8X return on its investment
ixigo is looking to list publicly before the year’s end and acquired Abhibus last week
Gurugram-based online travel ticket aggregator Le Travenues Technology, parent company of ixigo, has filed its draft red herring prospectus (DRHP) with market regulator SEBI and is eyeing to raise INR 1,600 Cr through an initial public offering. The travel aggregator’s offer includes an issue of fresh shares worth INR 750 Cr and an offer-for-sale worth INR 850 Cr. The issue is expected to give an exit opportunity to early investors like Elevation Capital and Indian smartphone manufacturer Micromax.
The company is backed by Elevation Capital, Sequoia Capital India, Trifecta Capital, Fosun RZ Capital, and InfoEdge among others. In 2011, Elevation Capital and Nasdaq-listed MakeMyTrip invested $18.5 Mn in ixigo. Till date, ixigo has raised $88 Mn in funding.