Prosus is set to acquire a 10.1% stake in ixigo parent Le Travenues Technology for ₹1,296 crore, in one of the largest strategic investments in an Indian travel-tech company this year.
Deal structure
ixigo's board has approved a ₹1,295.56 crore (about $146 million) investment from Prosus through a preferential issue, priced at ₹280 per share — slightly above the 10-day volume-weighted average price. The transaction gives the global consumer internet giant a tenth of one of India's leading travel platforms.
Prosus doubles down on India
Prosus has been among the most consequential foreign investors in Indian tech, and the ixigo stake adds travel to a portfolio spanning food delivery, fintech, edtech and classifieds. The same week also saw Prosus co-lead blockchain startup KGeN's $13.5 million round alongside Accel and Jump Crypto — evidence the firm is deploying across both listed and early-stage India.
Why it matters for founders
Strategic investors are paying premiums for profitable, listed Indian tech — a powerful exit signal for the ecosystem. If you are building in travel or consumer marketplaces, a strategic stake can be as valuable as a full acquisition. Find these funders and apply in one click at noranow.in/investors — and build your application with the Apply Kit.