Private Equity Fund Investments
Travel app Ixigo raises $53-M from GIC, Info Edge, others in pre-IPO funding
Gurugram-based travel app Ixigo has raised USD 53 million through a combination of primary and secondary issuance of shares, led by Singapore sovereign wealth fund GIC. The other investors in the round include Info Edge Venture Funds, White Oak, Bay Capital, Orios Venture Partners, Trifecta Capital and Malabar Investments. Of the USD 53 million latest investment, USD 36 million is against primary shares. The fundraise comes ahead of Ixigo's proposed INR 1,500-1,800-crore initial public offering (IPO), for which it is likely to file the DRHP shortly.
From the Venture Intelligence M&A Deals Database: In Aug-2011, Nasdaq-listed MakeMyTrip had acquired a majority stake in Ixigo. From the Venture Intelligence PE-VC Deal Database: Ixigo had attracted investments from Elevation Capital in Aug-2011 (investing alongside MakeMyTrip), Sequoia Capital India, Micromax, venture debt firm Trifecta Capital and media firm Amar Ujala.
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