In 2011, Ixigo raised $18.5 (INR 130 crore) Million investment through SAIF Partners and MakeMyTrip. By March 2017, Ixigo raised $15 Million (INR 105 crore) from Fosun Capital and Sequoia Capital. The Gurugram based company has a wide range of services and has over 100 million travellers. Ixigo’s tagline ‘Know & Go’, suggest users have some background information before you travel anywhere. Ixigo apps are also available in other transports as well, such as bus, train and flight booking. They provide ample information about the destination before booking itself.
In 2015, multiple media reports stated that mobile phone maker Micromax had purchased an unspecified stake in Ixigo. Ixigo is also backed by online travel services provider MakeMyTrip and investment firm SAIF Partners.
In 2017, The Gurugram-based travel search platform had secured $15 Million (INR 105 crore) in Series B round of funding led by Sequoia Capital. Chinese investment Company FosunKinzon Capital Pte Ltd also was the part of the round. The deal is a mix of compulsorily convertible preference shares and equity shares which was finalized in March that year. The firm will use the raised funds towards improving its product capability, extension and marketing purposes, as stated in a report by Deal Street Asia.
In 2018, The travel market place had raised $75 million in its Series C funding. The investments were used to invest in tech and travel start-ups. The main aim of the fund-raising was towards the development and expansion of the company’s engineering team, the buildup of research and development, new products and customer acquisition. Bajpai claims the firm is been profitable at a unit level over the past 2 years. He also claimed that the company is aiming for metro and non-metro customers with various offerings.
