Ixigo (Le Travenues Technology Limited) is a technology company whose mission is to enable Indian travellers to plan, book, and manage their journeys across rail, air, buses, and hotels. On their OTA platforms, which include their websites and mobile apps, they leverage artificial intelligence, machine learning, and data science-driven innovations to assist travellers in making more informed travel decisions. Their goal is to become the most customer-centric travel company by providing their customers with the best possible experience. Their emphasis on travel utility and customer experience for the 'next billion user' segment has made them India's leading travel ecosystem for the 'next billion user' segment. Their OTA platforms enable travellers to book train tickets, flight tickets, bus tickets, hotels, and taxis, as well as travel utility tools and services developed using in-house proprietary algorithms and crowdsourced information, such as 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, and destinación-specific pricing.
They are the leading travel ecosystem for the next billion users"" due to their emphasis on localised content and app features designed to solve travellers' problems. Their train-centric mobile applications, ixigo trains and ConfirmTkt, were the leading B2C distribution platforms for IRCTC in Fiscal 2021, with a 42 percent market share in terms of rail bookings among OTAs and B2C distributors of IRCTC. AbhiBus was the second-largest bus-ticketing OTA in India in Fiscal 2021, with a 10 percent market share in online bus ticket reservations. In addition, they are the third-largest flight OTA in India, with a 12 percent market share in online air bookings in Fiscal 2021. In Fiscal Year 2021, they were the second-largest OTA in India based on total GTV.
The entirety of Ixigo's (Le Travenues Technology Limited) public offering consists of a fresh issue of 750 Cr Equity Shares and an Offer for Sale of up to 850 Cr Equity Shares by the selling shareholders.
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