Dutch tech investor Prosus is doubling down on India’s booming online travel sector. After acquiring a 10.1% stake in ixigo (Le Travenues Technology) last week, the investor is now set to raise its holding to around 15%, according to people familiar with the deal. The additional stake being bought from Peak XV Partners (3%) and Elevation Capital (2%) is expected to cost Prosus around ₹620–660 crore, taking its total investment to nearly ₹2,000 crore in ixigo. The company earlier invested ₹1,295 crore through preference shares at ₹280 per share. For Prosus, this isn’t just another investment but it’s a strategic comeback to the travel space in India. The company had earlier backed Goibibo, which later merged with MakeMyTrip, and is now looking to rebuild a strong travel portfolio globally after acquiring Despegar in Latin America for $1.7 billion earlier this year. With this move, Prosus will become ixigo’s largest shareholder, marking its first private investment in a public entity (PIPE) in India.
Why This Could Be Big for Prosus and ixigo?
This move shows how Prosus is building a long-term platform play in India. From Swiggy (food delivery) and Meesho (commerce) to Urban Company (services) and Rapido (mobility), Prosus already has strong consumer-facing platforms. Adding ixigo strengthens its travel vertical, completing the lifestyle ecosystem it’s quietly assembling. For ixigo, this could mean access to more global experience, stronger tech infrastructure, and deeper funding all of which can help it expand faster and compete better with giants like MakeMyTrip and EaseMyTrip. With Prosus’s global reach and experience in scaling platforms, ixigo could soon evolve from a budget travel app to a full-stack travel ecosystem.
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