NEW DELHI: Travel platform ixigo on Friday announced that it will raise Rs 1,296 crore from global technology investor Prosus through a preferential issue of equity shares.
In a regulatory filing, Le Travenues Technology Ltd (ixigo) said it will offload a 10.1% stake to Prosus’ MIH Investments One B.V. for Rs 1,295.56 crore (USD 146 million).
The ixigo board has approved the issuance of 4.63 crore equity shares at Rs 280 per share, slightly above the 10-day volume-weighted average price (VWAP). This represents 10.1% of the post-issue paid-up capital on a fully diluted basis.
According to the company, the funds raised will be utilised for organic and inorganic expansion, working capital requirements, and general corporate purposes.
ixigo, which went public in June 2024 at an issue price of Rs 93 per share, has seen strong growth since its listing.
Prosus, a major global technology investor, has deployed over USD 8.6 billion in India across sectors such as e-commerce, food delivery, travel, and fintech, with a strategic focus on high-growth markets including India, Latin America, and Europe.
