Global technology investor Prosus has announced plans to acquire a 10.10% stake in Indian online travel company ixigo (Le Travenues Technology Ltd) for ₹1,296 crore, marking one of the largest secondary investments in India’s travel-tech sector this year.
The investment will be made through a preferential share issue at a price of ₹280 per share, representing a 10.2% discount from ixigo’s last closing price. Following the transaction, Prosus will also gain the right to appoint one director to ixigo’s board, strengthening its influence in the company’s long-term growth strategy.
In a regulatory filing, ixigo stated that the capital infusion will be used for organic and inorganic expansion, working capital needs, and general corporate purposes. The company highlighted its strategic focus on AI-powered travel solutions, hotel segment expansion, and brand recall initiatives aimed at deepening customer engagement.
“We believe that our company is at an inflection point in fulfilling its vision of building the best customer experience for travellers,” ixigo said. “Our immediate priority is to invest deeply in emerging agentic AI capabilities, solidify our presence in hotels, and accelerate growth through new AI-driven platforms and services.”
Prosus, which has invested over $8.6 billion in India, has a long-standing presence in the country’s digital ecosystem. It was previously a key investor in Flipkart and Goibibo, and currently operates PayU in India. Its investment portfolio also includes high-growth startups such as Swiggy, Meesho, Urban Company, and Rapido.
The move underscores Prosus’s renewed confidence in India’s post-pandemic travel rebound and the increasing role of AI in reshaping travel discovery, booking, and personalization.
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