In a significant move poised to bolster its position in India's burgeoning travel-tech sector, ixigo (operated by Le Travenues Technology Ltd) has announced a substantial investment from global technology investor Prosus. The deal entails Prosus acquiring a 10.1% stake in ixigo for ₹1,295.56 crore (approximately $146 million) through a preferential issue of equity shares. This strategic partnership underscores ixigo's commitment to expanding its footprint in the competitive online travel market.
Strategic Investment Details
The investment will be executed via a preferential issue of 4,62,70,092 equity shares to MIH Investments One B.V., a wholly owned subsidiary of Prosus. Th
