Elevation Capital has reduced its stake in ixigo from 9.04% to 6.45% by selling over 1.01 crore shares in a deal worth nearly ₹224 crore.

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The transaction took place on July 22 via open market operations, with the shares sold by Saif Partners India IV Limited, Elevation’s subsidiary.

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Schroder International Selection Fund has emerged as the buyer, now holding approximately a 5% stake in the listed travel tech company.

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This marks the third time in three months that Elevation Capital has sold ixigo shares, including earlier block deals worth ₹38.27 crore and ₹97.44 crore.

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Ixigo’s shares have surged despite these stake sales, rising 30.45% in the past month and over 40% in the last three months.

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The company’s current stock price is around 130% higher than its IPO listing price of ₹93, showing strong investor confidence.

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In Q1 FY26, ixigo posted a 27% increase in net profit at ₹18.9 crore and a 73% jump in revenue, reaching ₹314.5 crore.

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Boosting its strategic edge, ixigo recently acquired an additional 11% stake in train food delivery platform Zoop for ₹3.25 crore, reinforcing growth momentum.

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