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Back then, people who wanted to travel to a different city 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. Â
Ixigo, through its website and numerous mobile apps, benefits the tourists to cut out of going through loads of information plus online travel contracts thus facilitating in curating a travel plan for a safe and fun experience. 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 |
| Sector | Travel |
| Founders | Aloke Bajpai & Rajnish Kumar |
| Founded | 2006 |
| Parent Organization | Le Travenues Technology Pvt. Ltd. |
| Website | ixigo.com |
Ixigo - About & How it works
Ixigo - Founders/Owners 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.com 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, it’s train app is rated 4.3 stars, by more than 1 lakh users. The unbiased exploration results plus the user-friendly interface has lead it to be 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 along with aiding them to determine apps plus deals which are pertinent to them, through advertisers' crossways e-commerce, hyperlocal service, online travel plus food-delivery. Their Trains application furthermore allows its consumers to select the option of booking intercity ride-sharing through BlaBlaCar, if trains for a particular destination are inaccessible or if tickets are on the waiting list.
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Ixigo - Founders/Owners 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 in one 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.
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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 manly 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 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.
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Ixigo - Revenue
Ixigo had a net revenue of Rs 113.5 crore in FY19. It has crossed Rs 1,584 crore of GTV (Gross Transaction Value) in FY19
Ixigo - Funding and Investors
Ixigo has raised a total of $52 Million in funding over 6 rounds. Their latest funding was raised in April 2020 from a Series B round.
Here is a list of all the funding till date:
| Date | Stage | Amount | Investors |
|---|---|---|---|
| February 2008 | Seed Round | $500K | BAF Spectrum |
| August 2011 | Series A | $18.5 Million | SAIF Partners, MakeMyTrip |
| June 2015 | Funding Round | $4 Million | Micromax |
| November 2016 | Venture Round | $10 Million | Sequoia Capital India |
| March 2017 | Series B | $15 Million | Sequoia Capital India, Fosun RZ Capital |
| April 2020 | Series B | $4.6 Million | Amar Ujala Limited |
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Ixigo - Acquisitions
Ixigo has made 3 strategic acquisitions. The details are divulged below:
| Date | Company | About |
|---|---|---|
| Aug 2015 | Desi Backpacking Travelers | A portal where Indian and foreign backpackers share articles and photos of their trips in India |
| Aug 2015 | Rutogo (Owned by Square Hoot Hikes) | A marketplace where taxi vendors from across the country are connected under a single platform |
| Jan 2017 | Reach | A mobile app for users to browse and download music, games and other content directly from their friends’ mobile devices |
On August 2015, Ixigo acquired Desi Backpacking Travelers, the company that runs IndianBackpacker.com, for an undisclosed value. It is a portal where Indian and foreign backpackers share articles and photos of their trips in India.
On August 2015, It acquired Rutogo (owned by Square Hoot Hikes) for an undisclosed value. It acts as a marketplace where taxi vendors from across the country are connected under a single platform and customers can choose an operator.
On Jan 2017, Ixigo acquired Reach App for an undisclosed amount. Reach is a mobile app for users to browse and download music, games and other content directly from their friends’ mobile devices
“As part of the deal, the Reach team will join ixigo to help enhance ixigo’s already existing products by providing travellers not just utility, but consumable content and entertainment in the travel space," Says Ixigo team
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.
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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
- It generates more than 1 billion train PNRs every month.
- 2 lakh scores and appraisals of trains and stations
- Records 35 billion user assemblies monthly
- Records 225 million screen-visions every month
Ixigo - FAQs
Who is the Founder/Owner of Ixigo?
Rajnish Kumar and Aloke Bajpai are the founders of Ixigo.
How much is the Revenue of Ixigo?
Ixigo had a 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 $52 Million in funding over 6 rounds. Their latest funding was onApril 2020 from a Series B round led by Amar Ujala Limited for $4.6 Million.
