New Delhi: Dutch tech investor Prosus has purchased 10.1 percent stake in Le Travenues Technology, the parent company of ixigo, for Rs 1295 crore. The company announced plans to use this fund to strengthen AI and the hotel business. The board has approved the preferential allotment to MIH Investments One BV, which has fixed the value of the company at around Rs 12827 million. This deal is considered a big step towards the expansion of ixigo’s technology and hotel sector.
The stock of Le Travenues Technology Ltd (ixigo) was trading at Rs 319 with a rise of 2 per cent on October 10, 2025. The shares have jumped 128 percent in the last 3 years.
Le Travenues Technology share details on BSE
- Previous Close: 312.80
- Open: 310
- High: 321.70
- Low: 307.00
- 52 Wk High: 329.90
- 52 Wk Low: 118.65
- Upper Price Band: 375.35
- Lower Price Band: 250.25
- Price Band: 20%
- Mcap Full (Cr.): 12,444.11
- PE (Standalone / Consolidated): 166.88 / 193.36
- ROE / PB: 12.99 / 21.65
- Face Value: 1.00
Ixigo’s Strategic Fund Allocation for Organic & Inorganic Expansion
Ixigo will spend around 25 per cent i.e. Rs 323.89 crore on organic growth. It will invest in new AI platforms, products, services and research. The company will also use the fund to increase the supply in the hotel business. The company says that the market for first-time online hotel bookers in India is very large and still largely untouched.
Ixigo will also invest in advertising and branding to create a strong brand grip among customers. The company has said that the use of funds will be completed by December 31, 2028. Apart from this, Rs 323.89 crore will be invested for inorganic growth i.e. acquisition opportunities.
The company has also decided to invest Rs 323.89 crore to meet its working capital needs. The same amount will be used for general corporate needs. Its purpose is to further strengthen the business and expand rapidly in new segments.
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