Company Profile is an initiative by StartupTalky to publish verified information on different startups and organizations. The content in this post has been approved by ixigo.
People who wanted to travel to a different city earlier had to go through a rigorous and cumbersome process of ticket booking and sorting out accommodation through offline mediums. What the country really needed was a portal that could shorten the worries of travelers through innovative travel planning products. And that’s when Aloke Bajpai and Rajnish Kumar found Ixigo in 2006.
ixigo, through its website and numerous mobile apps, wipes out the need of the tourists for going through loads of information plus online travel contracts and facilitates in curating a travel plan for satisfying and enjoyable experiences. It basically aggregates and then compares variants like real-time travel information in terms of prices, and the availability of flights, trains, buses, cabs, hotels, packages, and destinations.
Read more about ixigo Company Profile, Business Model, Revenue, Founders, Funding, Growth, logo, etc., in the article ahead.
ixigo - Company Highlights
| Startup Name | ixigo |
|---|---|
| Headquarter | Gurgaon, Haryana, India |
| Sector | Travel |
| Founders | Aloke Bajpai & Rajnish Kumar |
| Founded | 2006 |
| Parent Organization | Le Travenues Technology Pvt. Ltd. |
| Revenue | INR 135.6 Cr in FY21 |
| Status | Private |
| Employees | 207 |
| Subsidiaries | AbhiBus, Confirmtkt |
| Users | 170 million |
| Website | www.ixigo.com |
ixigo - About & How it works
ixigo - Founders and Team
How was Ixigo started?
ixigo - Business Model and Revenue Model
ixigo - Revenue
ixigo - Name, Tagline and Logo
ixigo - Competitors
ixigo - Funding and Investors
ixigo - Acquisitions
ixigo - Growth
ixigo - FAQs
ixigo - About & How it works
ixigo is India's leading online plus mobile travel search plus planning website. A one-stop solution for travelers, it aggregates as well as compares the finest deals on hotels, flights, buses, train plus packages, and reviews the best travel facts from through 100+ travel websites to provide the most reliable travel information, all on one portal.
Accessible on Google Play Store, its train app is rated 4.3 stars by more than 1 lakh users. The unbiased exploration results plus the user-friendly interface have helped become one of the leading travel websites in India.
The company has a lot of subsidiary applications. One of which, is known to let the brands spread out to train travelers contextually. Another one aids them to determine apps along with bringing deals, which are pertinent to them through advertisers' crossways e-commerce, hyperlocal service, online travel plus food delivery. Furthermore, their Trains application allows its consumers to select the option of booking intercity ride-sharing through BlaBlaCar. This is particularly handy if the trains for a particular destination are inaccessible or if tickets are on the waiting list.
Shubham Kumar
ixigo - Founders and Team
Rajnish Kumar and Aloke Bajpai are the founders of ixigo.
- Aloke Bajpai, CEO & Co-founder - Graduated from IIT- Kanpur, Aloke was a Vice President at Final Quadrant Solutions before launching ixigo in 2006. He has also been the CEO and Co-founder of Travenues.
- Rajnish Kumar, CTO & Co-founder - Like his co-founder, Rajnish is also an IIT Kanpur graduate and the CTO and Co-founder of Travenues. Before ixigo, he was a Technical Architect at Amadeus IT Group.
How was ixigo started?
The idea started when Aloke Bajpai and Rajnish Kumar left their high-paying jobs in Europe and returned to India in 2006, fully geared up to follow their dreams. They rented a studio apartment in Gurgaon and set up their workplace. For a year, they worked through no salaries. Over their persistence, ixigo was born.
The only passion behind the company was the vision to build a product to help Indian travelers search and compare hotel information at the same place online and make their lives relatively easier. It was launched in a nascent online travel segment that has since thrived into one of India's most viable companies.
Vidhi Punamiya
ixigo - Business Model and Revenue Model
Ixigo’s business model is compatible with an airport's requirements since it allows an unbiased comparison of all the available choices, aiding the travelers in deciding which website they should book through, rather than hanging midway in the deal. It mainly serves as an intermediary between the user and a travel booking website and earns a commission per booking.
Besides, the innovative features, for example, the 180-days fare viewpoint, direct booking of airline tickets through the website, and the feature-rich hotel exploration mechanism make this portal tremendously user-friendly. Ixigo’s meta-search business model associates travel contracts from 100+ travel sites and have aided millions of explorers to save time and money on their trip.
In April 2016, it had also launched a meta-search application for cabs, which was initiated to generate revenue for the company. As an extension to revenue generation, the company also has an in-app booking alternative that will permit users to book on their website itself using a third-party power-driven app.
Chayanika Goswami
ixigo - Revenue
According to the inc42 website, ixigo's revenue from operations grew at a CAGR of 83.26% between FY19 and FY21. It has grown from INR 40.36 Cr in 2019 to INR 111.6 Cr last year to INR 135.6 Cr in FY21. Revenue growth was led by a 107% increase in ticketing revenue from INR 60.9 Cr in FY20 to INR 126.2 Cr in FY21, which is 93% of the total revenue.
ixigo - Funding and Investors
ixigo has raised a total of $72 Million in funding over 6 rounds. It raised its last funding on July 16, 2021, from a Series C round led by GIC.
Here is a list of all the funding to date:
| Date | Stage | Amount | Investors |
|---|---|---|---|
| July 16, 2021 | Series C | $36.5 Million | GIC |
| March 22, 2017 | Series B | $15 Million | Sequoia Capital India, Fosun RZ Capital |
| November 29, 2016 | Venture Round | $10 Million | Sequoia Capital India |
| June 23, 2015 | Funding Round | $4 Million | Micromax |
| August 11, 2011 | Series A | $6 Million | SAIF Partners, MakeMyTrip |
| February 1, 2008 | Seed Round | $500K | BAF Spectrum |
ixigo is looking forward to its IPO and has already filed it's Draft Red Herring Prospectus (DRHP) as of August 13, 2021. According to the draft it has filed with SEBI, Ixigo has disclosed its plans to raise Rs 1,600 crores. The company is expected to raise Rs 750 crores in the primary fundraising round and another Rs 850 crores via an offer for sale (OFS) from its existing investors.
Ashwini
Ixigo - Acquisitions
Ixigo has made 5 strategic acquisitions till now. The details are divulged below:
| Date | Company | About |
|---|---|---|
| August 5, 2021 | AbhiBus | An online Indian ticket booking platform for bus, train tickets and more |
| February 4, 2021 | Confirmtkt | A one-stop destination for booking and confirmation of railway tickets |
| Jan 11, 2017 | Reach App | A mobile app for users to browse and download music, games and other content directly from their friends’ mobile devices |
| Aug 7, 2015 | Desi Backpacking Travelers | A portal where Indian and foreign backpackers share articles and photos of their trips in India |
| Aug 27, 2015 | Rutogo (Owned by Square Hoot Hikes) | A marketplace where taxi vendors from across the country are connected under a single platform |
ixigo acquired AbhiBus on August 5, 2021, which was the latest acquisition made by the company. Sudhakar Reddy-led AbhiBus was distinguished as the second-largest bus aggregator of the country, which sold close to 26,000 bus tickets in FY20. This latest acquisition of Ixigo will certainly help in cementing the company's position in Tier 2, 3, and 4 markets.
Among the major acquisitions, Ixigo has acquired companies like Confirmtkt, Reach App, Rutogo's parent company, and more.
ixigo - Name, Tagline and Logo
ixigo's tagline is 'Know & Go', which indicates that as a traveller, you must know some background information about a place before you reach there
ixigo - Competitors
ixigo has a whole lot of competitors in the market. Starting from a private application like MakeMyTrip, GoIbibo to government applications like IRCTC train booking, the market is filled with online booking and transactions facilitating portals. With it, indulging in both conveyance and accommodation, the range of competitors it faces, gets doubled.
Chayanika Goswami
ixigo - Growth
- Connects over 80 million travelers
- Has 12 million monthly active users
- Extracts deals from over 25,000 online as well as offline partners
- Generates more than 1 billion train PNRs every month.
- Has 2 lakh scores and appraisals of trains and stations
- Boasts of a combined user base of 255 million users (May 31, 2021)
ixigo - FAQs
Who is the Founder of ixigo?
Rajnish Kumar and Aloke Bajpai are the founders of Ixigo.
How much is the revenue of ixigo?
ixigo had net revenue of Rs 113.5 crore in FY19. It has crossed Rs 1,584 crore of GTV (Gross Transaction Value) in FY19.
How does ixigo make money?
Ixigo manly serves as an intermediary between the user and a travel booking website and earns a commission per booking. Ixigo’s meta-search business model associates travel contracts from 100+ travel site
How much Funding has ixigo raised?
Ixigo has raised a total of $72 Million in funding over 6 rounds. Their latest funding was on July 16, 2021, from a Series C round led by GIC where it raised $36.5 million.
Author: Rishabh Rathi
Source : https://startuptalky.com/ixigo-success-story/
Date : 2021-11-08T07:21:00.000Z