Ixigo (Le Travenues Technology Limited) IPO


Ixigo (Le Travenues Technology Limited) is a technology company focused on empowering Indian travellers to plan, book and manage their trips across rail, air, buses and hotels. They assist travellers in making smarter travel decisions by leveraging artificial intelligence, machine learning and data science-led innovations on their OTA platforms, comprising their websites and mobile applications. 

Their vision is to become the most customer-centric travel company, by offering the best customer experience to their users. Their focus on travel utility and customer experience for travellers in the ‘next billion user’ segment is driven by technology, cost-efficiency and their culture of innovation has made them India’s leading travel ecosystem for the ‘next billion users’. Their OTA platforms allow travellers to book train tickets, flight tickets, bus tickets, hotels and cabs, while providing travel utility tools and services developed using in-house proprietary algorithms and crowd-sourced information, including train PNR status and confirmation predictions, train seat availability alerts, train running status updates and delay predictions, flight status updates, bus running status, pricing and availability alerts, deal discovery, destination content, personalized recommendations, instant fare alerts for flights and automated customer support services.


They are the leading travel ecosystem for the ‘next billion users’, with their focus on localized content and app features that aim at solving the problems of travellers. They are the largest Indian OTA in the online train bookings segment and their train-centric mobile applications, ixigo trains and ConfirmTkt, were collectively the leading B2C distribution platforms for IRCTC with a 42% market share, in terms of rail bookings among the OTAs and B2C distributors of IRCTC in Fiscal 2021. Their bus-focused app, AbhiBus, was the second-largest bus-ticketing OTA in India, with a 10% market share in online bus ticket bookings, in Fiscal 2021. They are also the third-largest flight OTA in India with a market share of 12% in online air bookings in Fiscal 2021. They were the second-largest OTA in India in terms of total GTV in Fiscal 2021. 

Ixigo turned profitable in FY21 


The entire public offer of Ixigo (Le Travenues Technology Limited) comprises of fresh issue of Equity Shares of ₹750 Cr and an Offer for Sale of up to ₹850 Cr Equity Shares by the selling shareholders.

Other expenses weigh in on Ixigo  wallet


Financial Snapshot




Ixigo - Company Highlights


Ixigo - Mission and Vision

The Gurgaon-based traveltech startup mainly focuses on empowering the Indian travelers to plan, book and manage their trips effortlessly whether it is the railways, airways, roadways or hotel stays.

Ixigo - Revenue

Ixigo's revenue from operations grew at a CAGR of 83.26% between FY19 and FY21. It has grown from INR 40.36 Cr in 2019 to INR 111.6 Cr last year to INR 135.6 Cr in FY21. Revenue growth was led by a 107% increase in ticketing revenue from INR 60.9 Cr in FY20 to INR 126.2 Cr in FY21, which is 93% of the total revenue.

Ixigo - Funding and Investors

Ixigo has raised a total of $88.5 Million in funding over 6 rounds. The last round that ixigo had seen came in on July 27, 2021, where the company successfully raised $53 mn from Singapore's Wealth fund, GIC.

Here is a list of all the funding to date:

Ixigo is looking forward to its IPO and has already filed its Draft Red Herring Prospectus (DRHP) as of August 13, 2021. According to the draft it has filed with SEBI, Ixigo has disclosed its plans to raise Rs. 1,600 crores. The company is expected to raise Rs 750 crores in the primary fundraising round and another Rs 850 crores via an offer for sale (OFS) from its existing investors.

Ixigo - Competitors

Ixigo has a whole lot of competitors in the market. Starting from a private application like MakeMyTrip, GoIbibo to government applications like IRCTC train booking, the market is filled with online booking and transactions facilitating portals. With it, indulging in both conveyance and accommodation, the range of competitors it faces, gets doubled.

Ixigo - Growth

  • Connects over 80 million travelers
  • Has 12+ million monthly active users
  • Extracts deals from over 25,000 online as well as offline partners
  • Generates more than 1 billion train PNRs every month.
  • Has 2+ lakh scores and appraisals of trains and stations
  • Boasts of a combined user base of over 255 million users

How do I apply to the Ixigo (Le Travenues Technology Limited) IPO?

You can apply for the Ixigo (Le Travenues Technology Limited) IPO using any supported UPI app by following two steps:
  • Enter your bid on Console
  • Accept UPI mandate on your phone
On acceptance of the mandate, the bid amount will get blocked in your bank account. Click here to learn more.

Where do I check the allotment status for Ixigo (Le Travenues Technology Limited) IPO?

You can check the allotment status for the Ixigo (Le Travenues Technology Limited) IPO on the website of the Registrar and Transfer agent. Alternatively, you can also check the allotment status on the NSE website.

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