Aloke Bajpai travel tips

A large part of India travels by bus and rail. And taking advantage of the country’s significant leap in online train ticketing is Ixigo — including its subsidiary ConfirmTkt — which leads the way with nearly 50% market share of India’s online travel. 

Ixigo, an Indian online travel agency, launched its IPO last month, witnessing an overwhelming demand that saw investors applying for about 98 times the number of shares offered. As the company continues to grow, one of its standout strategies is its decision to maintain multiple apps instead of consolidating them into a single comprehensive app.

Having raised INR 3.33 billion ($40 million) from anchor investors on Friday, Ixigo opened its initial public offering (IPO) on Monday.

Le Travenues Technology, the parent company of Indian travel aggregator Ixigo, will be launching its initial public offering (IPO) on June 10. The company announced on Wednesday that the INR 7.4 billion ($89 million)-IPO size, includes a fresh issuance of equity shares worth INR 1.2 billion ($14.4 million) (and an offer for sale of INR 6.2 billion ($74.4 million). The IPO price band ranges from INR 88 to 93 per share.

In this episode of the Skift India Podcast Aloke Bajpai, the CEO and co founder of Ixigo, talks to Skift Asia Editor Peden Doma Bhutia about the “next billion Indian opportunity” in tier-2 and tier-3 markets. Bajpai narrates how the substantial increase in disposable income among the rising middle class in India is rapidly reshaping the country’s travel landscape. Bajpai also talks about the long-awaited Ixigo IPO.