Elevation Capital, Sequoia Capital and Fosun International—the financial investors in ixigo —are set to reap bumper returns as the travel platform proceeds with its ₹1,600 crore initial share sale. The IPO would value the investor’s stake at ₹700-760 crore, giving it an annualized return of 27-28%, the analysis showed. This round assigned an equity valuation of about ₹2,900 crore to ixigo. According to VCCircle estimates based on the equity valuation of ₹2,900 crore that the pre-IPO round fetched, the company could seek a post-money equity valuation of about ₹4,000 crore in the IPO. Ixigo earns revenue through commissions, convenience fees, agent service charges, payment gateway charges, Ixigo assured fees, besides advertisements that are impression-based or click-based.

Source: Mint August 15, 2021 18:45 UTC