Investment Summary

Elevation Capital and MakeMyTrip Invest In ixigo

On August 10, 2011, venture capital firm Elevation Capital and MakeMyTrip invested in internet software and services company ixigo

Investment Highlights
  • This is Elevation Capital’s 2nd and MakeMyTrip’s 2nd transaction in the Internet Software and Services sector.
  • This is Elevation Capital’s 8th and MakeMyTrip’s 1st transaction in India.

Investment Summary
Date 2011-08-10
Target ixigo
Sector Internet Software and Services
Investor(s) Elevation Capital
MakeMyTrip
Deal Type Stake Purchase

Target

ixigo

Gurgaon, India
ixigo is India's online & mobile travel search engine. It searches across 100+ travel sites to find the best deals for airlines, hotels, trains, buses. iXiGO.com has been recognized by NASSCOM as India's Top-10 Emerging Company and also won the TiE-Lumis Entrepreneurial Excellence Awards, 2010. ixigo was founded in 2007 and is based in Gurgaon, India.

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Investor(S) 2

Investor

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 10 of 17
Sector (Internet Software and Services) 2 of 3
Type (Stake Purchase) 2 of 4
Country (India) 8 of 15
Year (2011) 3 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-07-05 Zovi.com

Bangalore, India

Zovi.com is an apparel brand available exclusively online. ZOVI offers a wide range of products across men, women, and kids apparel and accessories.

Buy $6M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-08-19 Manpasand Beverages

Vadodara, India

Manpasand Beverages is a manufacturer and marketer of fruit drinks and has carved a niche for itself with its strong presence in Tier II and rural markets in India. Manpasand offers several flavours of fruit drink under the brand names “SIP” and “Fons”. Manpasand Beverages was founded in 1997 and is based in Vadodara, India.

Buy -
Investor

MakeMyTrip

Gurugram, India
Category Company
Founded 2000
Sector Internet Software and Services
Employees4,576
Revenue 783M INR (2024)
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, India.

DEAL STATS #
Overall 2 of 10
Sector (Internet Software and Services) 2 of 10
Type (Stake Purchase) 1 of 1
Country (India) 1 of 5
Year (2011) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-05-09 Luxury Tours & Travel Pte

Singapore, Singapore

Luxury Tours & Travel Pte Ltd. a travel agency company provides the best travel services and contents to our trade partners. It provides online business to business platform, offering total travel solutions to our trade partners globally.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-11-01 My Guest House Accommodations Pvt

Noida, India

My Guest House Accommodations Pvt Ltd. is a travel portal focused on improving customer access to quality budget accommodation in India and the world.

Buy -
Mergr

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Company

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