Ixigo(Le Travenues Technology Limited) | Globe Capital
Ixigo(Le Travenues Technology Limited)
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Link Intime India Private Limited

ICICI Securities Limited Axis Capital Limited Kotak Mahindra Capital Company Limited Nomura Financial Advisory and Securities (India) Private Limited

Ixigo (Le Travenues Technology Limited) is a technology company focused on empowering Indian travellers to plan, book and manage their trips across rail, air, buses and hotels. They assist travellers in making smarter travel decisions by leveraging artificial intelligence, machine learning and data science-led innovations on their OTA platforms, comprising their websites and mobile applications. Their vision is to become the most customer-centric travel company, by offering the best customer experience to their users. Their focus on travel utility and customer experience for travellers in the ‘next billion user’ segment is driven by technology, cost-efficiency and their culture of innovation has made them India’s leading travel ecosystem for the ‘next billion users’. Their OTA platforms allow travellers to book train tickets, flight tickets, bus tickets, hotels and cabs, while providing travel utility tools and services developed using in-house proprietary algorithms and crowd-sourced information, including train PNR status and confirmation predictions, train seat availability alerts, train running status updates and delay predictions, flight status updates, bus running status, pricing and availability alerts, deal discovery, destination content, personalized recommendations, instant fare alerts for flights and automated customer support services. They are the leading travel ecosystem for the ‘next billion users’, with their focus on localized content and app features that aim at solving the problems of travellers. They are the largest Indian OTA in the online train bookings segment and their train-centric mobile applications, ixigo trains and ConfirmTkt, were collectively the leading B2C distribution platforms for IRCTC with a 42% market share, in terms of rail bookings among the OTAs and B2C distributors of IRCTC in Fiscal 2021.

For year/ period ended ( in Cr.)

31 Mar 2021 31 Mar 2020 31 Mar 2019
Total Revenue 138.4 112.95 42.65
Profit After Tax 7.22 -26.44 -57.32
EPS 99.25 -367.88 -793.12
OPM(%)
PATM(%)
  • Market leader with deep penetration in the underserved ‘next billion user’ segment;
  • AI and technology driven operations;
  • Strong consumer travel brand built with user-first approach;
  • Strong unit economics with high operating leverage and organic flywheel; and
  • Experienced management team with lean organization structure
  • Organic and inorganic growth initiatives; and
  • General corporate purposes.
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