Investment Summary

Elevation Capital and MakeMyTrip Exits ixigo

On June 13, 2024, invested in internet software and services company ixigo from Elevation Capital and MakeMyTrip

Investment Highlights
  • This is transaction in the Internet Software and Services sector.
  • This is transaction in India.

Investment Summary

Date 2024-06-13
Target ixigo
Sector Internet Software and Services
Sellers(s) Elevation Capital
MakeMyTrip
Deal Type IPO

Target

ixigo

Gurgaon, India
ixigo is an online & mobile travel search engine. It searches across 100+ travel sites to find the best deals for airlines, hotels, trains, buses. ixigo was founded in 2007 and is based in Gurgaon, Haryana.

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Seller(S) 2

SELLER

Elevation Capital

Gurgaon, India

Investor Investor Investor Investor Investor


Category Venture Capital Firm
Founded 2002
PE ASSETS 2.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Elevation Capital is a private investment firm focused on growth capital investments in Indian companies. The Firm will consider opportunities at all growth-oriented stages. Sectors of interest include information technology, internet, mobile, consumer products, consumer services, healthcare, clean technolgy, education, agriculture, financial services, and manufacturing. Elevation Capital was formed in 2002 and is based in Gurgaon, India.


DEAL STATS #
Overall 7 of 7
Sector: Internet Software and Services M&A 2 of 2
Type: IPO M&A Deals 3 of 3
Country: India M&A 5 of 5
Year: 2024 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-10 Edelweiss Financial Services

Mumbai, India

Edelweiss Financial Services is an Indian domestic brokerage house and is fast emerging as a diversified financial services conglomerate. Edelweiss Financial Services was founded in 1995 and is based in Mumbai, Maharashtra.

Sell -
SELLER

MakeMyTrip

Gurugram, India

Category Company
Founded 2000
Sector Internet Software and Services
Employees5,122
Revenue 978M INR (2025)
DESCRIPTION

MakeMyTrip is an online travel company provides access to all major domestic full-service and low-cost airlines, hotels and guesthouses. MakeMyTrip was founded in 2000 and is based in Gurugram, Haryana.


DEAL STATS #
Overall 1 of 1
Sector: Internet Software and Services M&A 1 of 1
Type: IPO M&A Deals 1 of 1
Country: India M&A 1 of 1
Year: 2024 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-30 Quest2travel.com India Pvt.

Mumbai, India

Quest2travel.com India Pvt. Ltd. is an IATA certified web-based Corporate Travel Management company that helps customers manage their employee travel procurement in a transparent and secure manner. Quest2travel.com India Pvt. Ltd. was founded in 2000 and is based in Mumbai, India.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-11-18 CRED - Happay Expense Management Platform

Mumbai, India

CRED's Happay Expense Management Platform provides expense management and the company is based in Mumbai, Maharashtra.

Buy -