ALOKE BAJPAI’S (SLP NEW DELHI, 2011) IXIGO (TRAVEL AGGREGATOR) FILES FOR $217.5M FOR PUBLIC ISSUEMarch 12, 2022, 2:28 p.m.
Ixigo, backed by Sequoia Capital, Elevation Capital (formerly Saif Partners), GIC and Micromax, has filed for $217.5M for public issue. As a part of its initial public offering (IPO), Ixigo is aiming to raise $101.9M through primary fundraise and $115.5M from its existing investors by an offer for sale (OFS). The issue will facilitate a partial exit for investors Elevation Capital and Micromax.
Ixigo began its journey in 2007, when SLP Fellow Aloke Bajpai co-founded Ixigo aiming to empower Indians to make smarter travel decisions by leveraging artificial intelligence, machine learning, and data science. Ixigo’s focus is travel utility and customer experience for travelers in the 'next billion users' segment.
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