Founded in 2007, Le Travenues Technology Ltd., known by
the brand name Ixigo is an online travel portal headquartered in Gurugram. Ixigo
is a technology company focused on empowering Indian travellers to plan, book
and manage their trips across rail, air, buses and hotels. The company assist
travellers in making smarter travel decisions by leveraging artificial
intelligence, machine learning and data science led innovation on its OTA
platform which comprises its website and mobile application. According to the
F&S report, Ixigo is a leading travel ecosystem for the ‘next billion
users’ which are focused on localized content and app features that aims at
solving problems of travellers. Ixigo is the largest Indian OTA in the online
train booking segment and its train centric mobile applications, Ixigo Trains
and ConfirmTkt, which were collectively the leading B2C distributors for IRCTC with
42% market share in terms of rail bookings among the OTAs and B2C distributors
of IRCTC in FY21. The company also runs a bus focused app, abhibus, which was
the second largest bus ticketing OTA in India with a 10% market share in FY21. The
company’s revenues have grown at a CAGR of 48.02% between FY19 and FY22. Ixigo
Trains App and ConfirmTkt feature in Top 10 Downloaded Travel Apps (Worldwide
and India) in 2022, as per Data.ai.