Le Travenues Technology Limited was founded in 2006 and is an online travel agency (OTA) that enables travelers to book train, flight, and bus tickets as well as hotels via its OTA platforms under the brand name “ixigo”.

The company’s list of services includes PNR status and confirmation predictions, train seat availability alerts, train running status updates and delay predictions, alternative route or transportation planning, flight status updates, automated web check-in, bus running status, price and availability alerts, deal discovery, destination content, personalized recommendations, instant fare alerts for flights, AI-based travel planning service and automated customer support. The various OTA platforms offered by ixigo include: i) The ixigo trains and Confirmtkt app ii) ixigo-flights mobile app & iii) Abhibus app.

The company has also launched a value-added service, ixigo Assured Flex, which enables the purchase of a fully flexible air or rail ticket with no additional payment for cancelation or rebooking, apart from the price difference, for all domestic flights and rail bookings at a low cost.

For year/ period ended ( in Cr.)

For year/ period ended ( in Cr.)

• The Company is a leading OTA for the ‘next billion user’ with the highest Monthly Active Users for mobile apps across all key OTAs as of September 30, 2023.
• The Company is a technology-focused company.
• It has established consumer travel brands built with user-first approach.
• It is a diversified business model with high operating leverage and organic flywheel.
• It is an experienced management team with lean organization structure.

• Part-funding working capital requirements of the company;
• Investments in cloud infrastructure and technology; and
• Funding inorganic growth through unidentified acquisitions and other strategic initiatives and general corporate purposes.

The company is one of the fastest growing OTA player and enjoys popularity under its IXIGO brand. Based on annualized FY24 earnings, the issue appears fully priced. Hence, investors may subscribe this IPO for the long term rewards.