Travel app Ixigo turns public ahead of IPO

This move has proved to be a variant in the market, as they have diverted in the race of the capital market and conjured a different gear.

Ixigo is a Travel app, established in the year 2007, Gurugram which reestablished itself into a public company, way forward its plan to stabilise itself in the Indian stock market. This organisation is an Internet-based faculty dealing with travel, flight booking, etc.

This transformation has been accommodated since the appointment of the 6 new independent members of the board of directors. It has been reported that the company completed pre-IPO funding which was led by a Singapore sovereign wealth fund of $53 million, including investors like WhiteOak, Bay Capital, Orios Venture partners and others. The plan of action initiated by the company has penetrated a wave of surprise.

This move has proved to be a variant in the market, as they have diverted in the race of the capital market and conjured a different gear. The primary markets are to be flourished with this sudden move, as the company is initiated to be in the market by the end of the year.

With its plan of going public by way of the end of the year, the business enterprise is possible to report its DRHP in the coming month, as in keeping with media reports. The travel gig is eyeing a valuation of almost $750 million to $800 million.

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