(i) Ixigo is a technology company focused on empowering Indian traveler to plan, book and manage their trips across rail, air, buses and hotels. They assist travellers in making smarter travel decisions by leveraging artificial intelligence, machine learning and data science led innovations on the OTA platforms, comprising the websites and mobile applications.

(ii) Ixigo's OTA platforms allow traveler to book train tickets, flight tickets, bus tickets, hotels and cabs, while providing travel utility tools and services developed using in-house proprietary algorithms and crowd-sourced information, including 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, destination content, personalised recommendations, instant fare alerts for flights and automated customer support services.

(iii) According to the F&S Report, they are the leading travel ecosystem for the ‘next billion users’, with focus on localized content and app features that aim at solving problems of travelers. They are the largest Indian OTA in the online train bookings segment and its train-centric mobile applications, ixigo trains and ConfirmTkt, were collectively the leading B2C distribution platforms for IRCTC with 42% market share, in terms of rail bookings among the OTAs and B2C distributors of IRCTC in Fiscal 2021.

(iv) Ixigo bus-focused app, AbhiBus, was the second largest bus-ticketing OTA in India, with a 10% market share in online bus ticket bookings, in Fiscal 2021. They are also the third largest flight OTA in India with a market share of 12% in online air bookings in Fiscal 2021 (Source: F&S Report). They were the second largest OTA in India in terms of total GTV in Fiscal 2021 (Source: F&S Report). On a combined (proforma) basis (i.e., taking into account the operations of Confirm Ticket and AbhiBus in the relevant period) in Fiscal 2021 the combined GTV was ₹ 2694 Crores.

(v) The revenue from operations have grown at a CAGR of 83.26% between Fiscal 2019 and Fiscal 2021 and were ₹ 40 Cr, ₹ 115 Cr and ₹ 135 Crores in Fiscals 2019, 2020 and 2021, respectively.

Valuation (09.09.2023)

Ease My Trip = ~6500 Crores

Ixigo Unlisted Share

Total Shares Outstanding = ~36.97 Crores

Current Price = 100 per share

Mcap = 3697 Crores