Indian online travel portal Ixigo which was launched in 2007 as a flight meta-search website has now expanded with the acquisition of bus and train ticketing platforms including AbhiBus and ConfirmTkt, respectively in 2021. The company aims to clock a 40% increase in revenue from operations in FY24.
The company’s net revenue of operation rose 180% to Rs 379.5 crore in FY22 from Rs 135.5 crore in FY21. The company posted a net loss of Rs 21 crore in FY22 from a net profit of Rs 7.5 crore in FY21. Additionally, the company has forayed into the wearable category with the launch of its AI-powered headset named bhAI. As per the company, bhAI is designed to assist travellers to make travel related decisions. In a conversation with BrandWagon Online, Aloke Bajpai, group CEO and co-founder, ixigo shared his insights on the company growth path besides strategy and competition. (Edited…
