Friday, March 1

Tag: Ixigo

Travel App Ixigo acquires Confirmtkt
ACQUISITION

Travel App Ixigo acquires Confirmtkt

Travel app ixigo acquire 100 percent shares of Bengaluru-based online train discovery and booking platform Confirmtkt in an undisclosed cash and stock deal. The founders of ixigo will join the Confirmtkt board and existing investors of Confirmtkt, including Venture Catalysts, will be exiting the company fully as a part of the deal, ixigo said in a statement on Thursday. Both companies will continue to run independently, post this acquisition. Ixigo and Confirmtkt are official IRCTC B2C premium ticketing partners for online train reservations in India. "This deal will help the group to consolidate its presence in Tier 2/3/4 markets with its combined user base of nearly 200 million Indians", the statement said. Aloke Bajpai and Rajnish Kumar, Co-Founders, ixigo, said, "The combi...
Travel App Ixigo Settles GMV of $250 million
BUSINESS

Travel App Ixigo Settles GMV of $250 million

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-se...
Top 5 Most Promising Indian Startups in 2018
Story

Top 5 Most Promising Indian Startups in 2018

India is now a clear contender to become the capital of startups. Foreign investment and governmental initiatives such as start up India are all driving forces encouraging and promoting the start up culture in India. In this article we are going to take a look at the 'Top 5 most promising startups in India 2018'.   1. Zerodha Zerodha is an Indian financial service company that provides equity investments, retail and institutional broking, commodities and currency trading, and mutual funds, all brokerage free. The Zerodha was founded by Nithin Kamath in 2010 as he wanted to change the landscape of Indian broking industry by breaking down the hurdles he was confronted to during his time as a trader. He wanted to overcome all obstacles traders and investors face in India when it ...
Online Travel Portal IXIGO Raises $10 Million Funding From Sequoia Capital India
FUNDING

Online Travel Portal IXIGO Raises $10 Million Funding From Sequoia Capital India

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 i...
Ixigo Launched Reverse Bidding Model for Outstation Cabs
News

Ixigo Launched Reverse Bidding Model for Outstation Cabs

Cab and taxi booking service provider Ixigo cabs recently introduced outstation cab bookings by building a marketplace of inter-city cab aggregators and vendors with a unique reverse bidding model. Inter-city commuters will no longer have to deal with calling up multiple intercity cab vendors as over 250 of them will compete internally, getting you the lowest possible fare in under 120 seconds. Outstation and inter-city cab bookings with the reverse bidding model are now available on ixigo's website and app for more than ten cities in North India including Delhi (NCR), Jaipur, Agra, Chandigarh, Rishikesh, Dehradun, Jammu, Shimla, Manali, Meerut and Alwar. Commenting on the launch, Venus Dhuria, Business Head, Cabs, ixigo.com, said: "Our primary objective has always been to simplify a t...
Ixigo set to enter inter-city cabs aggregation with Rutogo acquisition
ACQUISITION

Ixigo set to enter inter-city cabs aggregation with Rutogo acquisition

ixigo, India’s leading mobile travel search marketplace has announced that it has completed the acquisition of Square Hoot Hikes Pvt Ltd, the parent company of Rutogo, an inter-city cabs aggregator, for an undisclosed amount. As part of the deal, the Rutogo team will be joining ixigo to scale its fast-growing cabs app by building a marketplace for inter-city taxi owners and vendors. (more…)