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  3. Ixigo Prepares For Fresh IPO

Ixigo Prepares For Fresh IPO

20 Feb 2024

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Key Takeaways

  • Dynamic Adaptation:

    • Ixigo adapts to the evolving travel tech landscape, pursuing $14 million for working capital, technology, and potential acquisitions.

  • Resilient Revenue:

    • Revenue growth to $60 million in 2023 highlights business resilience.

  • Renewed IPO Confidence:

    • Post-2021 attempt, renewed IPO reflects strategic confidence aligning with dynamic demands in the travel industry.

  • Dynamic Adaptation:

    • Ixigo adapts to the evolving travel tech landscape, pursuing $14 million for working capital, technology, and potential acquisitions.

  • Resilient Revenue:

    • Revenue growth to $60 million in 2023 highlights business resilience.

  • Renewed IPO Confidence:

    • Post-2021 attempt, renewed IPO reflects strategic confidence aligning with dynamic demands in the travel industry.

Le Travenues Technology (ixigo)

Le Travenues Technology (ixigo)

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Expert Analysis

Ixigo's parent company, Le Travenues Technologies, is renewing its IPO pursuit, aiming for $14 million with a fresh issue of shares & OFS of 67 million equity shares amid robust revenue growth and strategic confidence.

Expert Analysis:

  • IPO Renewal: Le Travenues Technologies, parent of Ixigo, renews IPO pursuit, targeting $14 million.

  • Confidence Signal: Filing a Draft Red Herring Prospectus (DRHP) signifies renewed confidence after the mid-2021 attempt.

  • Revenue Growth: Ixigo reports robust revenue growth, reaching $60 million in 2023 from $46 million in 2022.

  • Profitability: Profit for the first nine months ending December 31 stands at approximately $8 million.

  • Strategic Adaptation: Strategic acquisitions (Confirmtkt, Abhibus) and a $53 million fundraising event in 2021 showcase Ixigo's growth strategy.

Publisher:Phocus wire