Travel meta search firm Ixigo has settled gross transactions of $250 million (about Rs 182 crore) by the end of the current financial year.
“In FY 2017-18, we did GMV of $100 million, and in the year before that (FY 2016-17), we had done $25 million. Next year, we should comfortably exceed $500 million,” Aloke Bajpai, chief executive of Ixigo said.
The co-founder of the company believes that the growth of the company is being led by a combination of greater acceptance by consumers and the company’s decision last year to start monetising its railway and bus-ticketing app.
While Ixigo’s flagship air travel and hotel reservation app continues to target consumers emanating from tier-1 cities, the railway app has been projected for the budget traveller, which allows the company to cross-sell low-cost hotels and flights to the value-conscious consumer.
“Even though the revenue contribution from the train app might be much less, in terms of transactions, it is doing much more than the flight app. The transaction growth is more than three times in certain categories, year-on-year,” Bajpai said.
The two Ixigo apps and its website have, in total, 21 million monthly active users, Bajpai said, adding that the company crossed a million passengers booked, across both its apps, in October.