Indian Ixigo Ipo India 200m – Indian Ixigo Ipo 200m

Indian travel and hotel booking platform, ixigo, has filed for an Initial Public Offering (IPO) on the Indian stock market. The company plans to raise around $200 million through this IPO, which is expected to take place in the coming months. Ixigo has become one of India’s most popular travel booking platforms, with over 250 million downloads and 50 million monthly active users. The company’s IPO is one of the most anticipated in India’s tech industry, as it could pave the way for other Indian startups to go public.

In this article, we will explore the background of ixigo, its journey so far, the details of the IPO, and what it means for the Indian startup ecosystem.

Background of ixigo:

Ixigo was founded in 2007 by Aloke Bajpai and Rajnish Kumar. The idea for the company came when Aloke and Rajnish were trying to plan a trip and found the process to be complicated and time-consuming. They saw a gap in the market for a platform that could simplify the travel booking process and make it more convenient for users.

Since then, ixigo has grown to become one of India’s most popular travel booking platforms, offering flights, hotels, trains, and buses booking services. The company has received several rounds of funding, including a $53 million Series C round in 2019, led by Chinese travel booking platform, Trip.com.

Journey so far:

Ixigo has come a long way since its inception. The company’s focus on providing a convenient and user-friendly platform has resonated with users, leading to rapid growth in its user base. As of 2021, ixigo has over 250 million downloads and 50 million monthly active users, making it one of the most popular travel booking platforms in India.

In addition to its travel booking services, ixigo has also launched several new features to enhance the user experience. These include the ixigo trains app, which provides live train status updates and booking services for Indian railways, and the ixigo money app, which offers digital wallet services and cashback offers for users.

Details of the IPO:

Ixigo’s IPO is expected to raise around $200 million, with the company planning to offer a mix of new and existing shares. The proceeds from the IPO will be used to fund ixigo’s growth plans, which include expanding its services and investing in technology.

The company has appointed Kotak Mahindra Capital and Morgan Stanley India as lead managers for the IPO. The exact timeline for the IPO has not been announced yet, but it is expected to take place in the coming months.

What it means for the Indian startup ecosystem:

Ixigo’s IPO is significant for the Indian startup ecosystem for several reasons. Firstly, it could pave the way for other Indian startups to go public, which could help in unlocking value for investors and providing more liquidity for the startup ecosystem.

Secondly, the success of ixigo’s IPO could also boost investor confidence in the Indian startup ecosystem, leading to more investment in startups and further growth of the ecosystem.

Finally, the success of ixigo’s IPO could also have a positive impact on the travel and tourism industry in India, which has been hit hard by the Covid-19 pandemic. By raising funds and investing in technology, ixigo could help in revitalizing the industry and providing more opportunities for businesses and travelers alike.

Conclusion:

Ixigo’s IPO is one of the most anticipated in India’s tech industry, and it has the potential to pave the way for other Indian startups to go public. The company’s focus on providing a convenient and user-friendly platform has resonated with users, leading to rapid growth in its user base. The success of ixigo’s IPO could boost investor confidence in the Indian startup ecosystem, leading to more investment in

Related FAQs

Q1. What is Ixigo?
A1. Ixigo is a Indian travel and hotel booking platform.

Q2. How much is Ixigo raising through its IPO?
A2. Ixigo is planning to raise around $200 million through its Initial Public Offering (IPO).

Q3. What is indian ixigo india 200m?
A3. Indian travel and hotel booking platform, Ixigo, has filed for an Initial Public Offering (IPO) on the Indian stock market. The company plans to raise around $200 million through this IPO.

Q4. About indian ixigo india 850meconomictimes.
A4. Indian travel and hotel booking platform, Ixigo, has filed for an Initial Public Offering (IPO) on the Indian stock market. The company plans to raise around $850 million through this IPO.

Q5. What is the ixigo india 200m 850meconomictimes?
A5. Ixigo India 200m 850meconomictimes refers to the Initial Public Offering (IPO) filed by Indian travel and hotel booking platform, Ixigo. The company plans to raise around $200 million through this IPO, which is expected to take place in the coming months.