ixigo Company Profile, Funding News & Updates

Travel platform ixigo plans to use the investment proceeds for organic growth, inorganic growth, working capital, and general corporate purposes:

As per stock exchange filings, Elevation originally held a 9.04% stake (about 3.53 crore shares) in the company. It now holds a reduced stake of 6.45%.

Travel tech company ixigo has received a GST demand of nearly Rs 89.8 lakh, along with an equal penalty, from the Assistant Commissioner of CGST in Gurugram, Haryana.

As part of its first public offering, parent firm Le Travenues Technology Limited, which operates the travel booking platform Ixigo, has made shares valued at Rs 333 crore ($40 million) available to anchor investors.

The Securities and Exchange Board of India has given Le Travenues Technology Ltd., the company that runs the travel website Ixigo, permission to raise Rs 1,600 crore through an IPO.

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Aloke Bajpai currently serves as the Co-founder and Group CEO of ixigo, an Indian AI-based online travel business. He holds a bachelor of technology degree in electrical engineering from the Indian