Ixigo is an Indian travel and booking platform that recently announced its plans to go public with an initial public offering (IPO) of approximately $200 million. This move will enable the company to raise capital to expand its business and take on its competitors in the highly competitive travel industry in India.
Ixigo is based in Gurgaon, India, and was founded in 2007 by Aloke Bajpai and Rajnish Kumar. The company provides a variety of travel-related services, including flight and hotel bookings, bus and train ticketing, and cab rentals. It also offers travel planning and discovery tools, such as travel guides, trip planners, and fare alerts, which are designed to help travelers find the best deals and plan their trips efficiently.
The company has seen rapid growth in recent years, thanks to its user-friendly platform and a focus on providing personalized and relevant recommendations to its customers. It has also been able to expand its reach through strategic partnerships with other travel companies and by leveraging its extensive network of travel agents and service providers.
Ixigo’s IPO is expected to be one of the largest in India’s technology sector, with the company targeting a valuation of approximately $1 billion. The IPO will be a mix of primary and secondary offerings, with existing investors looking to sell some of their stakes in the company as well. The funds raised from the IPO will be used to expand Ixigo’s product offerings, enhance its technology infrastructure, and hire more talent to drive growth.
Despite the challenges posed by the COVID-19 pandemic, Ixigo has continued to perform well and has even seen a surge in demand for domestic travel bookings as more people look to explore their own country. The company is well-positioned to capitalize on this trend and is also exploring opportunities to expand its business into other regions, such as Southeast Asia and the Middle East.
In conclusion, Ixigo’s IPO is a significant development in the Indian technology sector and is expected to generate a lot of interest from investors. The company’s strong growth and potential for further expansion make it an attractive proposition for investors looking to invest in the rapidly growing travel and tourism industry in India.what is ixigo ipo india 200m.
