Prosus Just Made a Massive Move in India’s Travel Market
Hold onto your seats! Prosus, the global internet powerhouse, has invested a jaw-dropping Rs 1,295.56 crore to grab a 10.1% stake in ixigo’s parent company, Le Travenues Technology Limited. This bold move shows just how much confidence Prosus has in ixigo’s potential to reshape online travel in India.
From Rs 93 to Rs 280: ixigo’s Share Price Skyrockets Post-IPO
ixigo went public just months ago at Rs 93 per share. Now, Prosus is buying in at Rs 280 per share—almost three times the IPO price. That’s some serious growth and a clear sign ixigo is firing on all cylinders.
What Makes ixigo So Hot Right Now?
It’s not just any travel platform. ixigo has rapidly become the favorite app for India’s next billion users, offering smart, affordable travel solutions—be it booking flights, trains, or hotels. Its tech-first approach is making travel easier and cheaper for millions.
What’s the Big Plan with Rs 1,296 Crore?
ixigo plans to turbocharge its growth with this fresh funding by:
- Expanding into new markets and scaling operations
- Acquiring smaller travel startups to boost its portfolio
- Investing in technology to enhance the user experience
- Strengthening day-to-day business functions
Industry Insiders Predict ixigo Will Dominate the Travel Space
With heavy hitters like Schroder Investment Management increasing their stakes and early investors making strategic exits, all eyes are on ixigo as it sets the stage to become India’s travel giant.
What This Means for Travelers
More innovation, better deals, and a travel platform that understands exactly what users want. ixigo’s partnership with Prosus is just the beginning of a new era in Indian travel tech.
