M&A

M&A

MakeMyTrip exits IPO-bound travel portal ixigo by selling 8% stake for $38.5 M

Business Standard Print  

MakeMyTrip has exited IPO-bound travel portal ixigo by selling its entire 8% stake to a clutch of existing investors for USD 38.5 million (INR 285 crore). The firm has made a net gain of USD 33.1 million (INR 245 crore) from the transaction.

From the Venture Intelligence M&A Deals Database: In Aug-11, MakeMyTrip had acquired a 77% stake in Ixigo.