Indian Travel Tech Company, ixigo, Files for IPO: A Look at its Growth Trajectory and Future Prospects
lxigo, one of India’s leading travel tech companies, has recently filed for an initial public offering (IPO) with the Securities and Exchange Board of India (SEBI). The company aims to raise INR 1,600 crore ($200 million) through the IPO, which is expected to take place in the coming months. The indian ixigo ipo india 200m will provide an opportunity for ixigo to raise capital, expand its operations and accelerate its growth trajectory. In this article, we will take a closer look at ixigo’s journey so far, its business model, and future prospects.
Background
Founded in 2007 by Aloke Bajpai and Rajnish Kumar, ixigo is a travel tech company that provides a range of services including flight and hotel bookings, bus and train ticket reservations, and travel planning. The company’s flagship product is its travel search engine, which aggregates information from multiple travel websites and displays it to users in a single platform. Ixigo also offers a range of mobile applications that allow users to search for and book travel services on the go.
Growth Trajectory
Ixigo’s journey has been marked by consistent growth and innovation. The company has raised over $40 million in funding from prominent investors such as Sequoia Capital, Fosun RZ Capital, and MakeMyTrip. Over the years, ixigo has expanded its product offerings and entered new markets. In 2016, the company launched its train booking service, which quickly became one of the most popular features on its platform. In 2019, ixigo entered the B2B travel space with the launch of its travel booking platform for SMEs and corporate clients indian ixigo ipo india 200m.
Ixigo’s user base has also grown significantly over the years. As of December 2020, the company had over 250 million monthly active users (MAUs), up from 200 million MAUs in 2019. The company’s mobile applications have been downloaded over 170 million times, making ixigo one of the most popular travel apps in India. In addition, the company has established partnerships with over 250 travel suppliers, including airlines, hotels, and travel agencies.
Business Model
Ixigo generates revenue through various channels, including commissions on bookings made through its platform, advertising, and subscription-based services. The company’s revenue grew by over 80% in FY 2020, with the majority of its revenue coming from flight bookings. However, the COVID-19 pandemic had a significant impact on ixigo’s operations, with the company reporting a decline in revenue in FY 2021 due to reduced travel activity.
Future Prospects
Ixigo’s IPO comes at a time when the Indian travel industry is slowly recovering from the impact of the pandemic. With vaccination rates increasing and travel restrictions easing, the demand for travel services is expected to rebound in the coming months. In addition, the Indian travel market is projected to grow at a CAGR of 13.4% between 2020 and 2025, presenting a significant growth opportunity for ixigo.
Ixigo’s IPO will enable the company to raise capital to invest in technology, expand its product offerings, and enter new markets. The company has already stated its intention to use the funds raised from the indian ixigo ipo india 200m to acquire complementary businesses, expand its B2B travel platform, and enhance its technology infrastructure. With its strong brand recognition, established user base, and innovative product offerings, ixigo is well-positioned to capitalize on the growth opportunities presented by the Indian travel market.
Conclusion
Ixigo’s IPO marks a significant milestone in the company’s journey and highlights the potential for growth in the Indian travel industry. The company’s innovative business model and focus on user experience have helped it establish a strong presence in the market, with promising prospects for the future.
