Global investment giant Prosus NV is set to acquire a 10.1% stake in travel tech company ixigo for ₹1,296 crore, marking one of the biggest deals in India’s online travel space this year.
The move highlights Prosus’ growing confidence in India’s digital travel ecosystem, which has seen a strong recovery post-pandemic with increasing domestic and international travel demand.
According to reports, Prosus will buy the stake from existing shareholders, and the deal values ixigo at around ₹12,800 crore ($1.5 billion).
About the Deal
ixigo, officially known as Le Travenues Technology Ltd, operates travel booking platforms such as ixigo, Confirmtkt, and AbhiBus, catering to train, flight, and bus bookings.
Prosus, which has significant investments in Swiggy, BYJU’S, PayU, and Meesho, views this acquisition as a strategic addition to its India portfolio — particularly in the areas of mobility and travel technology.
Industry experts believe that this investment could strengthen ixigo’s position against rivals like MakeMyTrip and EaseMyTrip, as the company prepares for long-term expansion and product diversification.
Market Impact
After the announcement, ixigo’s stock saw a sharp rise in investor interest on the Indian stock exchanges. Analysts say Prosus’ backing adds global credibility to the company and could lead to faster innovation and growth.
The deal is also seen as a sign of renewed global investor confidence in Indian internet startups, especially after a phase of funding slowdown in 2024.
Summary Table
| Particulars | Details |
|---|---|
| Company | ixigo (Le Travenues Technology Ltd) |
| Investor | Prosus NV |
| Stake Acquired | 10.1% |
| Deal Value | ₹1,296 crore |
| Valuation of ixigo | ₹12,800 crore (approx. $1.5 billion) |
| Deal Type | Secondary Share Purchase |
| Key Platforms | ixigo, Confirmtkt, AbhiBus |
| Strategic Focus | Strengthen travel and mobility tech presence in India |
| Industry Impact | Boost in investor confidence and competition in online travel sector |
