Online travel app
Ixigo has raised $53 million from investors led by Gamnat, an investment firm
managed by Singapore sovereign wealth fund GIC Private Limited, according to
filings with India’s Ministry of Corporate Affairs.
The round also has
participation from Bay Capital Holdings Limited, IE Venture Fund, India Acorn Fund
Limited, Malabar India Fund Limited and others.
Launched in 2007, Ixigo
is an online travel agency that offers bookings of flights, hotels, trains and
buses. In February, Ixigo acquired Confirmtkt, an Indian online train discovery
and booking platform.
The company says prior to the pandemic, more than 25
million people took train trips every day in India, making it an
$8 billion market.
Ixigo’s last funding round was a $15 million Series
B in 2017 from Sequoia Capital India and Fosun RZ Capital.
The company's other acquisitions came in 2015 and 2017, when it purchased Rutogo and Reach respectively, both for undisclosed fees.