Indian ixigo ipo 200m 850meconomictimes As the world continues to grapple with the COVID-19 pandemic, businesses across various industries are looking for ways to stay afloat. One such company is Indian travel platform ixigo, which recently announced its plans to go public with an initial public offering (IPO) of $200 million to $250 million. This move comes at a time when the travel industry has been hit hard by the pandemic, and ixigo’s decision to go public is seen as a bold move that could help it weather the storm. In this article, we will take a closer look at ixigo’s IPO plans, its financials, competitors, and prospects for the future.
Indian ixigo IPO 200m 850m
Ixigo, the Indian travel booking platform, has recently announced its plans to go public with an initial public offering (IPO) worth $200 million to $250 million. The company is expected to be valued at around $850 million post-IPO. This move comes as a significant step for the company, which has been growing rapidly in recent years and has become a major player in the Indian travel industry.
The IPO is expected to be a mix of primary and secondary shares, with some existing investors selling their stakes in the company. Ixigo’s co-founders, Aloke Bajpai and Rajnish Kumar, are expected to retain their majority stake in the company even after the IPO. The funds raised from the IPO will be used to expand ixigo’s business operations and invest in new technologies such as artificial intelligence and machine learning.
This move by ixigo comes at a time when India’s travel industry is experiencing rapid growth due to increasing disposable incomes and changing consumer preferences. With its user-friendly interface and innovative features such as fare prediction and personalized recommendations, ixigo has established itself as one of the leading players in this space. The IPO is expected to further strengthen ixigo’s position in the market and help it compete with other major players such as MakeMyTrip and Yatra.
What is ixigo?
Ixigo is a leading travel search engine in India that has been revolutionizing the way people plan their trips. The company was founded in 2006 by Aloke Bajpai and Rajnish Kumar, who are both avid travelers themselves. They saw a gap in the market for a platform that could help travelers find the best deals on flights, hotels, and other travel-related services.
Ixigo’s platform aggregates information from various travel websites and presents it to users in an easy-to-understand format. This allows users to compare prices across different platforms and make informed decisions about their travel plans. The company has also developed several innovative features such as fare alerts, which notify users when flight prices drop, and trip planning tools that help users create personalized itineraries.
Ixigo’s user-friendly interface and comprehensive search capabilities have made it a popular choice among Indian travelers. The company has over 250 employees and serves millions of users each month. With its upcoming IPO, ixigo is poised to take its business to new heights and continue its mission of making travel planning easier for everyone.
ixigo’s Financials
Ixigo, the Indian travel booking platform, has been making waves in the industry with its recent announcement of an IPO worth $200 million to $850 million. This news has sparked interest among investors and industry experts alike, who are keen to learn more about ixigo’s financials.
According to reports, ixigo’s revenue for the fiscal year 2020 stood at INR 220 crore (approximately $30 million), which is a significant increase from the previous year. The company’s net loss also decreased by 18% during this period. These figures indicate that ixigo is on a growth trajectory and has been successful in expanding its customer base.
Furthermore, ixigo’s funding history reveals that it has raised over $35 million from various investors such as Sequoia Capital India and Fosun RZ Capital. This indicates that there is confidence in the company’s business model and potential for future growth.
Overall, ixigo’s financials paint a promising picture for the company’s future prospects. With a strong revenue growth rate and backing from reputable investors, it will be interesting to see how ixigo performs in the coming years.
ixigo’s Competitors
When it comes to the travel industry, ixigo is not the only player in the game. There are several other companies that offer similar services and compete with ixigo for market share. Some of ixigo’s biggest competitors include MakeMyTrip, Cleartrip, Yatra, and Goibibo.
MakeMyTrip is one of the largest online travel agencies in India and offers a wide range of travel-related services such as flight bookings, hotel reservations, and holiday packages. Cleartrip is another popular online travel agency that focuses on providing a seamless booking experience to its customers. Yatra is known for its competitive pricing and comprehensive travel solutions while Goibibo has gained popularity for its user-friendly interface and attractive discounts.
Despite facing stiff competition from these players, ixigo has managed to carve out a niche for itself by offering unique features such as fare prediction, train seat availability alerts, and personalized recommendations based on user preferences. With its innovative approach and customer-centric focus, ixigo has been able to differentiate itself from its competitors and establish a loyal customer base.
ixigo’s Prospects
Ixigo’s prospects look promising as the company has been able to establish a strong foothold in the Indian travel market. With the increasing popularity of online travel booking, ixigo has been able to capitalize on this trend and offer a user-friendly platform for travelers to book flights, hotels, and other travel-related services.
The company’s recent IPO of 200 million USD at a valuation of 850 million USD is a testament to its growth potential. The funds raised from the IPO will be used to expand ixigo’s operations and invest in technology to enhance its services further.
Ixigo’s partnerships with major airlines and hotel chains have also helped it gain an edge over its competitors. Additionally, the company’s focus on providing personalized travel recommendations based on user preferences has helped it build a loyal customer base.
Overall, ixigo’s prospects appear bright as it continues to innovate and expand its offerings in the highly competitive Indian travel market.
Conclusion
In conclusion, the Indian ixigo IPO of 200m USD at a valuation of 850m USD is a significant milestone for the travel-tech company. With its innovative approach to travel planning and booking, ixigo has carved out a niche for itself in the highly competitive Indian market. Its strong financials and growing user base are indicative of its potential for future growth. However, as with any industry, competition is fierce, and ixigo will need to continue innovating to stay ahead of its rivals. Overall, the future looks bright for ixigo, and it will be exciting to see how the company evolves in the coming years.
