Travel services co. ASEGO attracts Rs.175-Cr from Xponentia Capital

Xponentia Capital has invested approximately INR 175 crore to acquire a 25-30% stake in Mumbai-based ASEGO Global Assistance, through a mix of primary and secondary shares.ASEGO Global Assistance provides travel assistance and insurance solutions, including doctor-on-call, emergency medical support, evacuation, and baggage tracking, in partnership with insurers. The company protects over three million travelers annually and collaborates with travel agencies, airlines, online travel agencies (OTAs), travel management companies, visa facilitation centers, and education consultants.ASEGO plans to achieve INR 350 crore revenue by FY26 with a 15% EBITDA margin.