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In a dramatic development that threatens to reshape India's cricket broadcasting landscape, Reliance Industries-controlled JioStar has formally notified the International Cricket Council (ICC) th...
Le Travenues Technology, the parent company behind the well-known travel platform ixigo, has received the green light from the Securities and Exchange Board of India (SEBI) to move forward with its initial public offering (IPO). This approval was disclosed by SEBI on Wednesday. Based in Gurugram, Le Travenues Technology first filed its IPO prospectus in February. The filing detailed plans to issu...
The Indian Premier League (IPL) season sees a surge in travel demand to match venues, with ixigo reporting a 20-25% increase. Fans flock to cities like Mumbai, Bangalore, Kolkata, Hyderabad, and Chennai, booking flights and hotels last-minute despite higher fares. Specific matches, such as RCB vs. CSK in Chennai and LSG vs. GT in Lucknow, witness notable spikes in flight searches. Bangalore, Kolk...
Le Travenues Technology, the parent entity behind ixigo, is gearing up for its IPO with impressive financial figures, reporting a notable surge in profits. Within the first nine months of the financial year 2024, the company recorded a substantial profit of INR 65.7 Cr, marking a significant increase from the INR 23.3 Cr profit posted for the entire FY23. Notably, the company had previously incurr...
Le Travenues Technology Limited, parent Company of Ixigo, has filed its DRHP to the Securities and Exchange Board of India (SEBI) for an initial public offering (IPO). The submission, filed on February 14, outlines Ixigo's ambition to raise ₹120 Crore through a combination of fresh share issuance and an offer for sale (OFS) of upto 66,677,674 equity shares. Axis Capital, DAM Capital Advisors, and...
In the financial year 2023, Le Travenues Technology, the dynamic force propelling ixigo, orchestrated a financial marvel. The company not only achieved a consolidated net profit of Rs 23.4 crore but also executed a remarkable turnaround from the Rs 21.1 crore net loss in FY22 and a modest profit of Rs 7.5 crore in FY21. Renowned for pioneering travel aggregation services, ixigo flourishes on diver...
Introduction Ixigo, one of India's leading travel and hotel booking e-commerce websites, has emerged as a formidable player in the Online Travel Agency (OTA) sector. With its diverse suite of services including flight bookings, hotel reservations, and railway ticketing, Ixigo has been at the forefront of disrupting the Indian travel market. The company has further strengthened its position throug...
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