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Ixigo is a technology company focused on empowering Indian travelers to plan, book, and manage their trips across rail, air, buses, and hotels. The firm assists travelers in making smarter travel decisions by leveraging artificial intelligence, machine learning, and data science-led innovations on the OTA platforms, comprising the firm's websites and mobile applications.
The firm's vision is to become the most customer-centric travel company, by offering the best customer experience to the users. And its focus on travel utility and customer experience for travelers in the ‘next
billion users’ segment is driven by technology, cost-efficiency and our culture of innovation has made Ixigo India’s leading travel ecosystem for the ‘next billion users’ Firm' OTA platforms allow travelers to
book train tickets, flight tickets, bus tickets, hotels, and cabs, while providing travel utility tools and services developed using in-house proprietary algorithms and crowd-sourced information, including train PNR status and confirmation predictions, train seat availability alerts, train running status updates, and delay predictions, flight status updates, bus running status, pricing, and availability alerts, deal discovery, destination content, personalized recommendations, instant fare alerts for flights and automated customer support services.
The firm has the highest app usage among OTAs with 37.48 million users, based on MAUs in March 2021. As per the F&S report, ixigo is the fastest growing OTA in terms of app downloads, with 3.75 million monthly app downloads in March 2021, which was more monthly downloads than all other OTAs combined in that month.
|S.No.||1 - Company||2 - Directors||3 - Promoters|
|Entity Name||By the Company||Against the Company||By the Director||Against the Director||By the Promoter||Against the Promoter|
|Material civil cases||1||1||-||-||-||-|
|Income Statement(in Milllions)||March'2021||March'2020||March'2019|
|Gross Operating Income||1,384.06||1,129.58||426.54|
|Cost of Employee & Inventory||347.98||343.86||303.72|
|Profit Before Tax||27.07||-266.11||-573.53|
|Profit After Tax||75.33||-266.11||-573.53|
Our company is a professionally managed company and does not have an identifiable promoter.
No listed peer in India
Proceeds from the Offer for sale worth Rs 850cr, will not be received by the company.
Net proceed of Rs 750 cr from the offer for sale will be utilized for the following: • organic and inorganic growth initiatives; and • general corporate purposes.