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SAIF Partners, MakeMyTrip invest $18.5 million in iXiGO

SAIF Partners, MakeMyTrip invest $18.5 million in iXiGO
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First Published: Wed, Aug 10 2011. 03 21 PM IST
Updated: Wed, Aug 10 2011. 03 21 PM IST
Mumbai: SAIF Partners and MakeMyTrip Ltd have invested $18.5 million in iXiGO.com, a Delhi-based travel search engine.
The investment gives SAIF Partners a 56.7% stake in Le Travenues Technology Pvt. Ltd, which owns and operates iXiGO.com. MakeMyTrip Ltd will have a 19.9% stake.
“We are looking forward to grow our team and innovate further in expanding our product offerings for online travel research and trip-planning,” said Aloke Bajpai, founder and chief executive officer of iXiGO.com.
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First Published: Wed, Aug 10 2011. 03 21 PM IST