The hike in airfare prices is a result of the increased cost of aviation turbine fuel, according to ixigo's data
While ATF price has jumped 83% in Sept on a YoY basis, capacity deployed by airlines has also increased. Airlines flew 37% more flights and carried 50% more passengers last month compared to Aug '21
According to sources, the firm is expected to list early next year.
Ixigo is focused on empowering travellers to plan, book and manage their travels by leveraging AI and data science-led innovations
Train travel in India is an $8 billion market, with more 25 million passengers shuttling daily before the Covid-19 pandemic struck the country
Aloke Bajpai's firm Ixigo cut pay, but didn't lay off; He says 'honest communication' with staffers saw the firm bounce back during the 2008 Lehman crisis and the current pandemic-induced one
The ESOPs will result in an additional 2.3 per cent of the company's overall shareholding being given to all 150 ixigems (ixigo employees)
With this investment, Ixigo has entered the bus booking segment. Earlier, it had flight, trains, and hotels bookings. For gogoBus, this provides access to a ready user base.
In 2011, the company raised $18.5 mn from SAIF and leading travel portal MakeMyTrip
Service will be available for NCR, Jaipur, Agra, Chandigarh, Rishikesh, Dehradun and nearby areas