1st Apr, 2023
Once upon a time, the idea of traveling around the world was considered a luxury.
But in recent times, traveling has become a part of our daily lives, thanks to the growing travel industry.
With the rise of budget airlines and online travel booking platforms, traveling has never been more accessible and affordable.
And leading the way in this rapidly growing industry is none other than the popular travel app,
Founded in 2007, IXIGO is an Indian travel app that has quickly established itself as a major player in the travel industry.
The app offers a one-stop solution for all travel-related needs, from flight bookings to hotel reservations, and even train bookings through its subsidiary, IXIGO Trains.
In the past few years, the travel industry has been experiencing a steady growth, and IXIGO has been capitalizing on this trend. According to the recent financial reports, IXIGO‘s revenue has been steadily increasing year-on-year.
IXIGO has a strong balance sheet, with cash and cash equivalents of INR 360 crores and zero debt. Its revenue has been growing at a CAGR of 32% over the past three years, and the company turned profitable in Q1 FY22.
But what makes IXIGO an attractive investment opportunity is not just its financial performance, but also its ability to adapt and grow with the changing times. The company has been quick to pivot its business model in response to the pandemic, launching new features such as “IXIGO assured” which guarantees a refund on flight cancellations. This has helped to cement IXIGO‘s position as a leader in the travel industry.
Moreover, in a recent interview with the media, Aloke Bajpai, the CEO of IXIGO, stated that the company is poised for even greater growth in the future. He commented, “With the increased demand for domestic travel in India, we see a huge potential for growth. We are constantly innovating and adding new features to the app to provide a better user experience.”
In addition, the latest news suggests that IXIGO is expanding its presence beyond India. The company recently acquired a majority stake in the bus ticketing platform, AbhiBus, marking its entry into the bus ticketing market. This move is expected to further boost IXIGO‘s revenue and solidify its position as a leader in the travel industry.
If you’re looking to invest in a growing industry with a promising future, then IXIGO is the stock for you.
With its solid financial performance, innovative approach, and expanding presence, the company is well-positioned to take advantage of the booming travel industry.
Don’t miss out on the opportunity to be a part of IXIGO‘s success story. Invest in IXIGO today and ride the wave of the growing travel industry.
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