Ixigo, a Gurugram-based online search marketplace portal has raised $10 million funding from Sequoia Capital India.
Started in 2007, Ixigo started operation in flights, hotels, trips, trains, buses and cabs booking, where users can choose best options across multiple service providers. It has a separate mobile application for all of them. Ixigo is backed by Indian investors lyk India’s largest online travel agency (OTA) MakeMyTrip and smartphone maker Micromax, besides venture capital firm SAIF Partners.
In August 2011, SAIF Partners and Make MyTrip picked up 76.6% in ixigo for $18.5 million, valuing the company at about $25 million. SAIF bought 56.7% while MakeMyTrip picked up 19.9% then. In June 2015, Micromax picked up a stake in the company by investing about $4 million.
The investment by Sequoia India, follows the recent big acquisition of another travel portal-Scotland-based Skyscanner-by China’s Ctrip for $1.74 billion earlier this month. In this acquisition Sequoia’s US arm was also an investor in Skyscanner.
It could not be cleared if these existing investors are participating in this latest funding.
Ctrip is also an investor in MakeMyTrip, which recently announced the acquisition of its rival, Naspers-backed Goibibo.