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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
The technology investor’s move to pour Rs 2,000 crore into the online travel aggregator comes as a surprise. Can ixigo live up to the promise of becoming India’s next big travel platform?
Prosus is betting on ixigo to write India’s next big travel success story.
In a major development last month, ixigo said the Amsterdam-based technology investor is acquiring a 10.1% stake in the online travel aggregator for about Rs 1,296 crore, or $146 million. Additionally, Prosus has bought another 5.33% stake in the company through a secondary transaction with existing shareholders Peak XV Partners and Elevation Capital. In total, Prosus is betting roughly Rs 2,000 crore (a little over $225 million) on ixigo.
“We were introduced to Prosus through somebody we both know mutually, and things moved very quickly actually,” ixigo …
The Walmart-owned e-commerce company has entered microdramas and food delivery. Is it thinking long-term or just chasing a trend?
A churn in venture capital collides with the fear of missing the AI wave, while the Ajay Singh-led airline’s recurring crises raise deeper questions.
A string of deals and bets signal the ride-hailing company’s ambition to dominate delivery, but questions and challenges remain.
